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    You are at:Home»News»5 Ghanaians whose rags to riches stories caused stirs
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    5 Ghanaians whose rags to riches stories caused stirs

    Papa LincBy Papa LincMarch 23, 2025No Comments4 Mins Read7 Views
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    L-R:Nii-Armah Quaye, Kwame Despite, Nana Kwame Bediako and Joseph Siaw Agyepong L-R:Nii-Armah Quaye, Kwame Despite, Nana Kwame Bediako and Joseph Siaw Agyepong

    Stories of humble beginnings and rags-to-riches journeys are often shared to motivate and inspire many, especially young people who aspire to make a significant impact and succeed in their lives and careers.

    These stories are abundant and serve as inspirational and motivational tales, instilling the belief that, with time and the right attitude, everyone can achieve similar success.

    But what happens when these kinds of stories raise eyebrows—not because they didn’t happen, but because of how they are told, making them hard to believe?

    GhanaWeb brings you five of such stories.

    Wash 5,000 plates daily – Nii-Armah Quaye

    From being relatively unknown to dominating the media space in recent weeks, Richard Nii-Armah Quaye has emerged as the latest ‘rags to riches’ sensation in Ghana.

    The Founder of Bills Microcredit, in an interview with Bola Ray on GhOne TV, revealed that in his early years, he worked as a kitchen porter, washing up to 5,000 plates daily to meet job requirements.

    “I was a kitchen porter, I washed as many as 5,000 dishes a day,” he recounted.

    Through diligence and perseverance, Nii-Armah has now achieved remarkable success, acquiring luxury assets such as a Bugatti Chiron Sport and a private jet.

    He disclosed that these assets are primarily used by himself and his mother, who has been a guiding force in his life, offering him advice and support.

    “Now I have a private jet, which is for myself and my mother. My mother has been very supportive. I left the market early, but now I’m back on the market because I’m divorced. I also own a Bugatti Chiron Sport, which costs about four million dollars,” he stated.

    I set up my company with GH¢3 – Joseph Siaw Agyepong

    In the waste management industry and allied areas, the Jospong Group reigns supreme. Jospong is also in the media industry with its ownership of Metro TV and Original FM and TV.

    The success of Jospong would not have been possible without a GH¢3 initial investment by the owner, Joseph Siaw Agyepong.

    He is quoted by Joy FM as saying that a GH¢3 loan handed to him by his mother funded the establishment of Jospong Printing Press, which became the foundation for the Jospong conglomerate.

    I sold scraps – Nana Kwame Bediako

    Nana Kwame Bediako, also known as Cheddar or Freedom Jacob Caesar (don’t be confused—these are all names of one person), is represented in the media as a real estate mogul and a politician.

    Media reports indicate that Cheddar, or whichever of the three names you prefer, owns some of the most patronized and luxurious buildings in the country.

    From Number 1 Oxford Street to the Kwarleyz Estates, Cheddar has built a niche as a real estate magnate in Ghana.

    But his story started with the dismantling of his car and selling it as scrap to dealers in the United Kingdom.

    “By age 21, he had made a million pounds for himself, selling scrap, steel, and telecommunications material while in school at Waltham Forest College,” Joy FM’s Twitter quoted him.

    Selling cassettes – Despite

    Kwame Despite Osei is hailed and celebrated as an entrepreneur and job creator who has provided job opportunities for thousands of people.

    From media to finance to the beverage industry, he has an interest in key sectors of the Ghanaian economy.

    It is no secret, however, that Despite’s wealth began with selling records at Kantamanto.

    From there, he built a music distribution empire that catapulted him into the success he enjoys today.

    St Philip Enterprise – GH¢2.50ps

    In the phone and accessories business, St Philip Enterprise is high on the list of Ghana’s most popular companies.

    With constant media advertisement, St Philip has positioned itself as a go-to destination for phones and accessories.

    According to the CEO, Philip Danquah, the entire St Philip Enterprise was made possible by a GH¢2.50ps investment.

    “I sold my coal pot for GH₵3 and came to Accra. The whole St Philip Enterprise started with GH¢2.50 pesewas,” he told Adom FM.

    MAG/EK

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