TONY OTENG-GYASI
TONY OTENG-GYASI
$300 Million
CHAIRMAN, TROPICAL CABLE AND CONDUCTOR LIMITED
Age: 60
WEALTH: SELF MADE, MANUFACTURING
EDUCATION: UNIVERSITY OF GHANA, BACHELOR’S DEGREE, ECONOMICS, CERTIFICATE
IN LAW CHARTERED INSTITUTE OF MARKETING, UK, DIPLOMA IN MARKETING
OVERVIEW
Tony Oteng-Gyasi is
Chairman of Tropical Cable and Conductor Ltd, a manufacturer of electrical
cables. Tony began his career at the Research Department of the Bank of Ghana.
He subsequently joined the Ghana Operation of British Petroleum.
He is the former
President of Association of Ghana Industries, the immediate past Chairman of
the University of Ghana Council and the immediate board chairman of the
Electricity Company of Ghana.
NET WORTH SUMMARY
In 1986, Tony set up his
first Company, Tropical Products Limited, which he nurtured to become a
successful trading and manufacturing firm. It became the largest manufacturer
of crates and pallets in Ghana.
In 1997, he set up the Cable Manufacturing
Company, called Tropical Cable and Conductor Limited. The modern factory is the
only wholly Ghanaian owned Cable Manufacturing Company in Ghana. The Company
manufactures electric and telecommunications cables and is the first cable
manufacturer in Ghana with ISO 9001 Certification. By 2001 the company was
producing $1 million worth of aluminium and copper cables. Currently the company has
capacity to produce about 6,000 tonnes of cables and conductors a year. It
supplies cables to Volta River Authority (VRA), the Ghana Grid Company
(GRIDCo), Electricity Company of Ghana (ECG), mining
companies, real estate developers, electrical contractors and the general
public. The company exports its products to several countries in the sub-region
such as Nigeria, Liberia, Togo, Burkina Faso and Sierra Leone.
In 2007 Tony again set up the only continuous casting and rolling factory for the production of EC Grade Aluminium
Rod in West Africa. The company, Western Rod & Wire Ltd. has become a
source of raw material for aluminium conductor manufacturers in the region.
Visibility Ratings: B
300 million" represents a substantial quantity, conveying abundance or a significant figure across various contexts. How Design Game Whether denoting population, currency, or quantity, it signifies a noteworthy scale.
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