GHANA RECORDS 200 NEW DOLLAR MILLIONAIRES IN 2016

Two Hundred Ghanaians joined the elite class of US dollar millionaires in 2016, raising the total of high networth (HNW) individuals with 1.0 million US dollars or more to 2,900 people from 2,700 in 2015.

According to the Knight Frank Wealth Report 2017, of the 200 new millionaires, 10 individuals entered the ranks of those with assets worth more than 10 million USD. There was, however, no addition to the ultra-high networth pool of those with 430 million USD or more or the centre-dollar-millionaires who are worth at least 100 million USD.

The results are contained in the 2017 edition of the Knight Frank Wealth Report which was launched in Accra in partnership with Stanbic Bank’s Wealth and Investment unit. Even though this year’s edition is the 11th, it is the first to be launched in Ghana by the leading independent global property consultancy.

The wealth report provides a unique perspective on global investment trends and investment strategies of high net worth individuals around the world.

Speaking at the launch, Andrew Shirley, the editor of the Wealth Report, said financial services was the main industry from which HNW Ghanaians acquired their wealth.

“It is the primary source of wealth for 24 per cent of local HNWIs. Other important industries for them include real estate and construction (16 per cent), fast-moving consumer goods (13 per cent) and mining/ agriculture (10 per cent),” he said.

The report found out that wealth preservation, capital growth and succession planning are the three most important factors that high-networth Ghanaians consider when making wealth management and investment decisions.

Source: NAM NEWS NETWORK

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