On Friday 15th November, the 2019 edition of the Ghana club 100 (GC100) list was revealed at the Kempinski Hotel. Yet again, MTN Ghana was top of the pile. They retained the top spot they held from 2018. The second and third places went to Kosmos energy and GOIL respectively.
What is the Ghana Club 100 ?
The GC100 is an initiative of the Ghana Investment Promotion Centre (GIPC). It is an official list of the top 100 companies in Ghana. It is released annually. It recognizes the most successful and profitable companies nationwide. The list has been shared for a few years now.
Leaps from 2018
So who had the biggest rise from 2018
The honor of the company to take the biggest leap from the 2018 list goes to Papaye Ghana Limited. They rose from the position of 90th to 38th. Consequently, they rose by 52 places in the 2019 edition.
Other companies to rise from their places in 2018 are;
GCNet Unilever Ghana Limited. KEK Insurance Brokers Atwima Kwanwoma Rural Bank Limited. Tobinco Pharmacy Limited. Izwe Savings and Loans Kane-Em Industries Limited. Interplast Limited. Stanbic Bank Ghana Limited. SIC Insurance Company Limited. Fidelity Bank Ghana Limited. Sunon Asogli Power Plant Limited. Activa International Insurance Company Limited. GTBank Ghana Limited. Standard Chartered Bank Ghana Limited. Enterprise Life Company Limited. IT Consortium Odotobri Rural Bank Limited. Kintampo Rural Bank Limited. ASA Savings and Loans Total Petroleum Ghana Limited. Fiaseman Rural Bank Kasapreko Company Limited. Barclays Bank Ghana Limited. subsidiary of ABSA Kosmos Energy Ghana B5 Plus Limited. Bayport Savings and Loans
Falls from 2018
The biggest fall from 2018 went to Acacia Health Insurance, who fell by 77 places. They dropped from the 22nd to the 99th position. Other companies to fall from their places in 2018 are;
GOIL Manya Krobo Rural Bank Limited. Olam Ghana Limited. Societe Generale Ghana Otuasekan Rural Bank Limited. GHL Bank Limited Ahantaman Rural Bank Limited. Goldfields Ghana Limited. Newmont Goldenrich Ghana Limited. Newmont Ghana Gold Limited. Enterprise Trustees Cal Bank Juaben Rural Bank Limited. Amansie West Rural Bank Limited. Akuapim Rural Bank Limited. Microfin Rural Bank Limited. Starlife Assurance Access Bank Land Tours Ghana Limited Fanmilk Limited. Amenfiman Rural Bank Amanano Rural Bank Limited. TekSol Limited. Sunu Assurances Ghana Limited. Sefwiman Rural Bank Limited. Upper Amenfi Rural Bank Limited. Glico General Insurance Company Limited. Leasafric Ghana Limited. Tropical Cables and Conductors Limited. Asokori Rural Bank Limited. Glico Life Insurance Company Limited. Ghana Rubber Estates Limited.
Interestingly, there were a few companies that retained their positions from the 2018 edition. These companies saw no change from the previous year;
MTN Ghana Anglogold Ashanti Aduapriem Niche Cocoa Bosomtwe Rural Bank Limited. Japan Motors Trading Company Limited.
The following companies were absent from the GC100 list for 2018. However, their performances in 2019 have earned them a place in the latest edition. The highest placed of these companies are Agro ECOM Ghana Limited.
Agro ECOM Ghana Limited. GCB Bank Limited. Metropolitan Health Insurance Ghana Limited. Ecobank Ghana Limited. Poly Kraft Ghana Limited. Letshego Ghana Savings and Loans Nexans Cable Metals Limited. Kiteko Ghana Limited. Maphlix Trust Ghana Limited. Afcott Ghana Limited. Melcom Limited. Nutrifoods Goldfields Tarkwa and Damang mine Enterprise Insurance Company Limited. L’aine services Limited. Poly Tanks New Crystal Health Services Limited. South Akyem Rural Bank Limited. Builsa Community Bank Limited. Star Assurance Company Limited. Kaaseman Rural Bank Limited. Olam Cocoa Processing Ghana G4S Security Services Limited. Glico Healthcare Limited. Atwima Kwanwoma Rural Bank Limited. Crocodile Matchets Ghana Limited. Prudential Life Insurance Ghana Limited. Bawjiase Area Rural Bank Limited. M&G Pharmaceuticals Limited. Guinness Ghana Breweries Limited. Anum Rural Bank Asante Akyem Rural Bank Limited. ADB Bank Starwin Products Limited.
The following companies were present in the GC100 list for 2018. However, they were missing from the list in 2019.
Wilmar Africa Limited GN Reinsurance Company Limited McDan Shipping Company Limited Meridian Ports Services Limited Reroy Cables Limited Mumuadu Rural Bank Limited Tokyo Ghana Limited Toyota Ghana Limited RegencyNem Insurance Ghana Limited Nsia Insurance Company Limited Nwabiagya Rural Bank Limited Zenith Bank (Ghana) Limited Reiss & Company (Ghana) Limited Multipro Private Limited Bond Savings and Loans Limited Benso Oil Palm Plantation Limited Atwima Mponua Rural Bank Limited Bank of Baroda Ghana Limited Okomfo Anokye Rural Bank Limited Abosso Goldfields Limited First Atlantic Bank Limited Phoenix Insurance Company Builsa Community Bank Limited Starling International Limited Broll Ghana Limited Blue Sky Products Ghana Limited Latex Foam Rubber Products Limited DHL Ghana Limited Sahel Sahara Bank Imperial Homes Limited Kaaseman Rural Bank Limited South Akim Rural Bank Limited Vanguard Assurance Company Limited Azar Chemical Industries Limited
A summary of these are;
- 27 leaps from 2018
- 32 falls from 2018
- 5 saw no change in their rank from 2018
- 34 are present in the GC100 2019 list but were absent from the 2018 list
- Similarly 34 are absent from the GC100 2019 list but were present in the 2018 list
Let me end by saying that these stats are my own findings. Please feel free to share your comments. Finally, I would end by encouraging you to learn everyday.
Have a great day. Cheers.