From MoMo to Fast Food: Nine Companies Driving Ghana’s Consumer Market

These companies have longevity and have made long lasting impacts in their respective fields
July 23, 2025
2 mins read

Ghana’s economy thrives on the innovation and resilience of its homegrown companies.

From telecommunications to fast food, manufacturing to finance, these businesses are huge in their respective industries and are making large impacts with their products and services.

Here’s a look at nine prominent Ghanaian companies, highlighting their founders, CEOs/Managing Directors (MDs), and years in operation.

Melcom Limited

IndustryRetail
FounderJagdish Thakkar
CEO/MDBhagwan Ramchandani (Chairman and MD)
Years in Operation 35 years (founded in 1989)
Number of Employees (estimated)Over 1000+

Overview: Melcom is Ghana’s largest chain of retail department stores, offering everything from household goods to electronics.

Starting as a single store in Accra, it has grown into a household name with over 40 branches across Ghana and West Africa.


MTN Ghana

IndustryTelecommunications
FounderMTN Group (South Africa-based, Ghana operations started by Scancom Limited)
CEO/MDStephen Blewett
Years in Operation28 years (founded in 1997 as Scancom, rebranded to MTN Ghana)
Revenue in 2024GHS 17.9 billion (approximately $1.1 billion USD)
Number of Employees (estimated)1,500

Overview: MTN Ghana, a subsidiary of the MTN Group, is the leading telecommunications provider in the country, with a significant market share in mobile and data services.

It has revolutionized communication in Ghana, introducing mobile money services like MTN MoMo, which has transformed financial inclusion.

The company continues to invest in 4G and 5G infrastructure to enhance connectivity.


GCB Bank

IndustryBanking
FounderEstablished by the Government of Ghana
CEO/MDFarihan Alhassan
Years in Operation72 years (founded in 1953)
Revenue in 2024GHS 1.91 billion
Number of Employees (estimated)1,500

Overview: GCB Bank, formerly Ghana Commercial Bank, is one of the oldest and largest financial institutions in Ghana.

Initially set up to serve Ghanaian businesses, it has evolved into a modern bank offering retail, corporate, and digital banking services.


Kasapreko Company Limited

Image Credit: Business Day Ghana
IndustryBeverage Manufacturing
FounderKwabena Adjei
CEO/MDKwabena Adjei
Years in Operation36 years (founded in 1989)
2024 RevenueGHS 2.7 billion (approximately $256 million)
Number of Employees (estimated)500+

Overview: Kasapreko is a leading indigenous beverage manufacturer, famous for its herbal-based alcoholic drink, Alomo Bitters.

The company blends tradition with innovation, producing both alcoholic and non-alcoholic beverages.


Fan Milk Ghana Limited

Image Credit: Business and Financial Times
IndustryDairy and Beverage
FounderErik Emborg (originally Danish, established in Ghana in 1960)
CEO/MDLionel Parent (Ghana)
Years in Operation65 years (founded in 1960)
2024 RevenueGHS 683.822 million (approximately $44.6 million USD)
Number of Employees (estimated)400+

Overview: Fan Milk, now part of the Danone Group, is a household name in Ghana for its dairy products like FanYogo and FanIce.

Known for its iconic bicycle vendors, the company has expanded into disposable packaging and maintains a strong presence in West Africa.


Polytank Ghana Limited

IndustryPlastic Manufacturing
FounderSaied Assad Fakhry
CEO/MDAshok Mohinani
Years in Operation33 years (founded in 1992)

Overview: Polytank is Ghana’s leading manufacturer of plastic water storage tanks, pioneering large rotational moulded tanks in the country.

Based in Accra, it produces a wide range of products, including dustbins, traffic cones, and septic tanks, contributing to clean water accessibility and infrastructure development across Africa.


Papaye Fast Food Limited

Image Credit: Ubizme
IndustryFast Food
FounderSamir Kalmoni
CEO/MDDivine Asiedu (Managing Director)
Years in Operation33 years (founded in 1992)
Number of Employees (estimated)600+

Overview: Papaye Fast Food is Ghana’s premier fast-food chain, renowned for its delicious fried rice, chicken, and local dishes.

Starting as a small eatery in Accra, it has grown into a beloved brand with multiple outlets, blending Ghanaian flavors with fast-food convenience.

Its inclusion in the Ghana Club 100 underscores its economic impact.


Tobinco Pharmaceuticals Limited

Image Credit: Tobinco
IndustryPharmaceuticals
FounderSamuel Amo Tobbin
CEO/MDSamuel Amo Tobbin
Years in OperationApproximately 30 years (founded in the mid-1990s)

Overview: Tobinco Pharmaceuticals is a key player in Ghana’s healthcare sector, manufacturing and distributing affordable medicines.

Known for its flagship product, Entramol, the company has expanded its portfolio to include generics and specialized drugs.


Interplast Limited

IndustryPlastic Manufacturing
FounderSaied Fakhry
CEO/MDHayssam Fakhry (Managing Director)
Years in Operation55 years (founded in 1970)
Number of Employees (estimated)600+

Overview: Interplast is West Africa’s leading producer of plastic pipe systems, exporting to over 22 African countries. Based in Accra, it manufactures uPVC and HDPE pipes, cable ducts, and irrigation systems.

With over 600 employees and ISO 9001 certification, Interplast is a beacon of quality and innovation in the region.


From Melcom’s retail dominance to Kasapreko’s global beverage reach, each company has carved a unique path, driven by visionary leadership and a commitment to quality.

Their contributions continue to shape Ghana’s growth and inspire future generations of entrepreneurs.


This article was edited with AI

Joseph-Albert Kuuire

Joseph-Albert Kuuire is the Editor in Chief of The Labari Journal

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