Sum of wealth of high-net-worth Ghanaians hit $2.7 billion
The sum of health of high-net-worth Ghanaians amounts to some $2.7 billion.
This is according to the Henley & Partners Africa Wealth Report 2024.
Per the report, there are at least some 2,700 millionaires (in dollars) in Ghana.
High-net-worth individuals (HNWIs) are those with investible assets worth over $1 million.
Very-high-net-worth individuals and ultra-high-net-worth individuals are those with investible assets over $5 million and $30 million respectively.
Compared to its African peers, Ghana ranks as the 8th African country with the most high-net-worth millionaires.
South Africa leads African wealth, boasting 37,400 millionaires, 102 centi-millionaires, and 5 billionaires.
It holds over twice as many HNWIs as Egypt, which follows with 15,600 millionaires, 52 centi-millionaires, and 7 billionaires.
Nigeria ranks third with 8,200 HNWIs, followed by Kenya with 7,200 millionaires, Morocco with 6,800, Mauritius with 5,100, Algeria with 2,800, Ghana with 2,700, Ethiopia with 2,700, and Namibia rounding out the top 10 with 2,300 HNWIs.
Private wealth in Africa according to the report, will leap 65% over the next decade to $4 trillion in new annual estimates, fuelled by growth in fintech, eco-tourism and business process outsourcing.
Additional sectors like software development, rare metals mining, green tech, wealth management, media, and entertainment will further bolster the continent’s wealth surge.
At the moment, Africa has some $2.5 trillion in investable wealth held by its millionaires, centi-millionaires, and billionaires.
