KEY POINTS
- Daniel Ofori’s GCB Bank stake rises sharply.
- Bank shares climb nearly 200 percent this year.
- Ofori’s holdings now valued at $34 million.
Ghana’s richest investor, Daniel Ofori, added $12.3 million to his fortune in two months. The gain follows a sharp rise in his stake in GCB Bank.
Ofori owns 7.5 percent of the lender, or 19,867,154 shares. In two months, the value of his holdings rose by GH₵136.55 million ($12.33 million), bringing his total stake to roughly $34.06 million, according to the Ghana Stock Exchange.
Daniel Ofori GCB Bank stake increases by $12.3 million
This recent growth builds on earlier gains this year. Between January 1 and September 10, Ofori’s stake had already risen by $7.6 million as GCB Bank shares strengthened. The increase reflects both Ofori’s influence in the local market and the bank’s key role in Ghana’s financial system.
GCB Bank manages over 11 percent of the country’s deposits and ranks as the tenth most valuable company on the Ghana Stock Exchange. Its scale makes it a benchmark for both institutional investors and retail traders.
GCB Bank shares surge, boosting Daniel Ofori’s holdings
Over the past 10 weeks, the bank’s stock climbed 56.77 percent, from GH₵12.12 ($1.09) on September 11 to GH₵19 ($1.72). Its market capitalization rose above $450 million, rewarding shareholders and reinforcing investor confidence.
According to Billionaires Africa, Year-to-date, GCB Bank shares have surged 198.27 percent. A $100,000 investment at the start of 2025 would now be worth about $298,270. Ofori’s holdings increased from GH₵240.55 million ($21.73 million) to GH₵377.1 million ($34.06 million) as of this report.
