Kwame Awuah-Darko (born January 4, 1969) is a Ghanaian politician, entrepreneur and a banker. He is the 3rd son of the late Nana Awuah-Darko Ampem I, who reigned as the Nkosuohene of Asante Juaben traditional area in the Ashanti Region of Ghana from June 1985 till his demise on November 25, 2005.[1]
Kwame Awuah-Darko | |
|---|---|
| Born | Kingsley Kwame Awuah-Darko January 4, 1969 Accra, Ghana |
| Alma mater | Kwame Nkrumah University of Science and Technology (Hons) (LLB) Henley Business School (Mba) |
| Occupation | Politician |
| Known for | Founder of Matrix Holdings International co-founder of Roman Ridge School |
| Political party | National Democratic Congress |
| Parent | Nana Awuah Darko Ampem I |
Early life and education edit
Kwame Awuah-Darko was born in Accra on January 4, 1969. He is a native of the Ashanti kingdom and the Akyem Abuakwa State. Kwame Awuah-Darko is the third son of Nana Awuah-Darko Ampem I, the Nkosuohene of Asante Juaben traditional area in the Ashanti Region. He started his primary education at Christ the King International School, in Cantonments in Accra, where he sat for his common entrance examinations in June 1981 and gained admission to St. Peters School at Nkwatia, Kwahu, in the Eastern Region of Ghana in September 1981. Kwame subsequently left St Peter's in October 1985, to complete his Secondary Education at the Ghana International School in Accra, where he completed his (O'Levels) Ordinary Level education in June 1986.
Kwame Awuah-Darko the proceeded to the Achimota Secondary School Achimota School for his sixth form education, which he completed in June 1988.
After completing a year of mandatory National Service, teaching mathematics and English at the Pinanko Wassa Junior Secondary School in the Central Region of Ghana. He gained admission to the Social Sciences Faculty of the then University of Science and Technology (UST) in 1989.
Kwame Awuah-Darko graduated with a B.A. Law (Hons) Degree from the Kwame Nkrumah University of Science and Technology, Kumasi.
In 1998 Kwame Awuah-Darko gained admission to then Henley Management College, Henley Business School, Greenlands, Henley on Thames United Kingdom and graduated with a DBA in 1999.
Personal life edit
Kwame Awuah-Darko is married to Nana Yaa Oteng and he has three sons.[2] Kwame is brother to Daniel Awuah-Darko, Nana Awuah-Darko Ampem II (Formerly, Harold Quarshie Awuah-Darko) and David Awuah-Darko.
Career edit
Kwame Awuah-Darko founded Money Systems International (MSI) in the year 1999, as managing director of MSI Ltd, he oversaw the company's growth from a modest U.K. to Ghana international money transfer business into a US$200 million business turnover, with operations in seven (7) European countries, win (9) States in the US and eighteen (18) African countries. Kwame Awuah-Darko is a co-founder of the Roman Ridge School in Accra, Ghana and has served on the board of directors since its inception in 2002 till date. He served as board member of State Insurance Company (SIC) Limited[3] as well as board chairman of the SIC Financial Services Limited respectively from 2009 to 2012. In addition, Kwame served as Director and board member of City Investment Company Limited. He contributed to the establishment Commercial Bank, a financial institution in Ghana.[4][5] Awuah-Darko currently serves on the board of the Roman Ridge School which he co-founded.[6]
In the year 1999, aged 30, he founded Matrix International Holdings Limited, U.K. As managing director of Matrix International Holdings U.K. Ltd, he oversaw the company's growth and operations in seven (7) European Union countries and eighteen (18) African countries rolled-out in West, East and Southern Africa with an annual turnover in excess of US$200 Million. He managed Matrix Holdings concurrently with Marine and General Insurance Brokers.[7]
Politics edit
In 2012, Kwame was elected to run for parliament as the candidate representing the Ayawaso West Wuogon Constituency under the National Democratic Congress (NDC).
In October 2013, he was appointed by the Government of Ghana to serve as the managing director of Ghana's largest Petroleum Storage and Logistics Company, Bulk Oil Storage and Transportation Company Limited (BOST).[8] He established a petroleum-trading department within the company, trading mainly petroleum products such as Gasoline, Gasoil, LPG and Crude Oil.
The government of Ghana in June 2015, appointed Kwame Awuah as the chief executive officer of Ghana's National Petroleum Refinery Asset, the Tema Oil Refinery (TOR).[9]
In line with his vision of making Ghana the petroleum hub of West Africa, he assembled a highly efficient team within BOST and TOR who followed his leadership to successfully implement and oversee the trade of petroleum products across West Africa which included exports of gasoline and Gasoil to neighbouring countries such as, Mali, Niger, Burkina Faso, Ivory Coast, Benin, Nigeria and Liberia among other countries.[10]
Achievements edit
Strategic Petroleum Reserve Program edit
Awuah-Darko instituted the Strategic Petroleum Reserve Program and with his team managed to secure credit lines to import petroleum products from inception without any financial contribution from central Government. BOST started importing its own products for the Strategic Reserve Program from February 4, 2015, and by January 6, 2017, BOST had imported over 52 cargoes of refined petroleum products and 17 cargoes of LPG, making a trade turnover of $1.6 billion earning profit of up to $61 million, a feat never achieved in the company's 24 years of existence. Through this program BOST held Strategic Petroleum Reserve stock of up to 12 weeks of national petroleum consumption. Therefore, in case of an emergency Ghana had 12 weeks buffer of petroleum products.
edit
Awuah-Darko led BOST in the acquisition of a strategic stake in the largest oil retail network across the country by acquiring 20% shares in GOIL to ensure the protection of the Ghanaian Taxpayer, making BOST the 3rd largest shareholder of GOIL.[11]
TOR Revamping edit
On given the additional mandate of heading the Tema Oil Refinery, Awuah-Darko assisted in the revival of the Tema Oil Refinery after years of non-operability via BOST and imported up to 9 million barrels of crude oil stocks out of which 7 million barrels was refined by TOR during his tenure as CEO and leaving 2 million barrels in tank on his exit from TOR. He also initiated and purchased the first indigenous crude the refinery produced from Ghana's TEN fields. He ended his tenure at TOR in January 2017 leaving 205,279 metric tons of Petrol and Diesel as stock in-tank plus crude oil stock from then TEN fields. [12]
Restoration of National Distribution Network edit
Under Awuah-Darko's leadership BOST was able to restore five (5) of its 6 (six) fuel depots from the state of non-operational and several years of delinquency, specifically the Accra Plains Depot (which was half-fit), Kumasi Depot, Buipe Depot, Akosombo Depot and the Bolgatanga Depot which was restored to begin product export into the Sahelian market such as Burkina Faso and Mali, a strategy which generated foreign exchange for the Country.[13]
In addition, the longest pipeline in the BOST network of 271 km from Buipe to Bolgatanga was re-commissioned to enable swift, easy and low-cost transmission of BOST products across the country, from the Southern part to the Northern part.[14]
Deregulation Policy edit
With the help of the Minister of Petroleum, Minister of Finance, National Petroleum Authority and other stake holders, they successfully implemented the petroleum pricing deregulation policy. This was the best policy so far in the history of fuel pricing in Ghana
Organizational Restructuring edit
Awuah-Darko implemented an organizational restructuring exercise at BOST to introduce efficiency and motivation among working staff. As a result of expansion in BOST's activities, he created jobs and grew the staff strength from 245 to 487. Subsequently, staff monthly payroll increased by 227%, from Ghs484,738 to Ghs2,135,240 between early 2014 to January 6, 2017.
BOST Office Building edit
Awuah-Darko commissioned a twin 10-storey office complex in Accra to curb the consistent overpriced office rent charges. The project was being financed by the Contractor who also owned the land, BOST was to take custody of the office complex upon completion and to be paid off from internal profits BOST was generating spread over a period.[15]
Initiated Projects edit
On leaving both BOST and TOR on January 6, 2017, Awuah-Darko handed over strategic projects he initiated but were uncompleted, namely;
- The Tema to Akosombo pipeline which was partly completed
- BOST had started the process to automate all the depots across the country through an internally generated fund (IGF).
- Awuah-Darko had secured funding of up to $600 million and commenced feasibility studies on a 150,000 metric ton storage facility to be constructed at Pumpuni near Takoradi.
Honours and awards edit
In 2017 Awuah-Darko was awarded the Oil and Gas Leadership Awards 2017 in recognition of his exemplary and flawless track record as head of Ghana's Tema Oil Refinery (TOR) and Bulk Oil Storage and Transportation Company (BOST).[16][17]
The Kwame Nkrumah University for Science and Technology recognizing Awuah-Darko's advocacy for the institutions cause named him Alumni of the Year in 2016.[18]
The University of Ghana's Student Representative Council (UGSRC) in 2013 awarded Awuah-Darko with their prestigious "Emerging National Leader of the year award.
References edit
- ^ "The 80 wealthiest people in Ghana". Retrieved March 30, 2020.
- ^ https://www.pressreader.com/south-africa/sunday-times-1107/20180930/281857234470909. Retrieved April 17, 2020 – via PressReader.
{{cite web}}: Missing or empty|title=(help) - ^ "Former BOST MD sues Ken Agyapong for GHC5m". Pulse Gh. July 5, 2017. Retrieved March 30, 2020.
- ^ "I can't steal money through Chief of Staff Account – Awuah-Darko". www.ghanaweb.com. Retrieved March 30, 2020.
- ^ "Court chases Awuah-Darko". www.ghanaweb.com. Retrieved March 30, 2020.
- ^ Online, Peace FM. "Kwame Awuah Darko -The Exceptional Ghanaian". www.peacefmonline.com. Retrieved March 30, 2020.
- ^ Online, Peace FM. "Kwame Awuah Darko -The Exceptional Ghanaian". www.peacefmonline.com. Retrieved March 30, 2020.
- ^ "Awuah-Darko holds two MD positions at BOST, TOR". www.ghanaweb.com. August 13, 2015. Retrieved March 30, 2020.
- ^ "TOR to increase daily crude production by 20,000 barrels". Pulse Gh. December 1, 2016. Retrieved March 30, 2020.
- ^ "BOST to fuel Burkinabe market …Mali and others follow later | Comprehensive Ghana Oil and Gas news, information, updates, analysis". www.reportingoilandgas.org. Retrieved March 30, 2020.
- ^ "TOR and BOST could merge | Comprehensive Ghana Oil and Gas news, information, updates, analysis". www.reportingoilandgas.org. Retrieved May 23, 2020.
- ^ "TOR workers thank God – Today Newspaper". Retrieved May 23, 2020.
- ^ Online, Peace FM. "Kwame Awuah Darko -The Exceptional Ghanaian". www.peacefmonline.com. Retrieved May 23, 2020.
- ^ Buachi/rawgist.com, Bernard (December 5, 2015). "Awuah-Darko set to take BOST to the next level". Raw Gist. Retrieved May 23, 2020.
- ^ "BOST ends year on a high | Comprehensive Ghana Oil and Gas news, information, updates, analysis". www.reportingoilandgas.org. Retrieved May 23, 2020.
- ^ "Patrick Akorli, Awuah-Darko and Charles Darku to be honored Ghana Oil and Gas Awards". www.ghanaweb.com. November 23, 2017. Retrieved April 2, 2020.
- ^ Otoo, Lilipearl Baaba (December 13, 2017). "GOGA 2017 rewards best of oil and gas players | Business Financial Times Online | Economy, World, Finances, IT, ICT, Business". Retrieved April 2, 2020.
- ^ "KNUST Alumni Association commended". Graphic Online. Retrieved April 2, 2020.