I started my first company with a ¢3 loan from my mother – Jospong Group CEO


Dr. Joseph Siaw Agyepong, the Founder and Executive Chairman of the Jospong Group of Companies, has explained how he leveraged a GHC3.00 loan from his mother to become one of Africa’s most powerful businessmen.


According to him, after being forced to manage his mother’s business following his second cycle education, he jumped at the chance to start a printing press in 1995 to meet demand.

This resulted in the establishment of the Jospong Printing Press, which he funded with a loan of GHC3.00.


Dr. Siaw successfully handled the printing press with tenacity, determination, and the guidance of God, and has since launched other firms, earning him the title of “serial entrepreneur.”



He made the revelation while speaking at the University of Health and Allied Sciences’ 6th Leadership Lecture Series, which was held in honor of the late President Evans Attah Mills, who founded the university.



“Sustaining Environmental Sanitation Gains through Specialized Education” was the theme.

Dr. Siaw had to share a small household with his brothers and parents in Odubi as the fifth of his father’s seventeen children.


He continued his study at the Royal Technical Institute in Nungua, Accra, where he studied for the City and Guilds London Certificate, which he received in 1990.


Due to a lack of cash, he was forced to forsake his dream of becoming a pilot or marine engineer and work in his mother’s bookstore. He explained that for a time he sold exercise books on the streets of Accra, where he learnt a valuable entrepreneurial skill.


“While selling my mother’s exercise books on the crowded streets of Accra, I learned some valuable marketing and negotiation skills on the job,” he said.


When his mother became unwell, Dr. Siaw took over the operation of her company.


In 1996, he founded the Excellent Building and Construction Limited, and four years later, the Appointed Time Screen Printing Company, when he was given the opportunity to produce t-shirts for political parties during the 2000 electioneering campaign.


He founded Zoomlion Ghana Limited in response to an increase in filth in Ghana, which was causing public health problems. Zoomlion Ghana Limited has since grown to become one of Africa’s leading waste management companies.


Zoomlion has progressed from employing locally manufactured tricycles to more contemporary waste management equipment such as road sweepers and roll-on roll-off vehicles. Dr. Siaw didn’t stop there; he’s now working on a project to recycle waste and produce fertilizer in order to solve Ghana’s perennial fertilizer scarcity and price spike.


He praised the late President Mills for his contributions to the growth of his companies as well as his unmistakable leadership qualities.


He stated that “real leadership requires the ongoing search for inventive answers to our collective challenges,” as well as “helping our society and country with humility and selfishness.” Prof. John Evans Atta Mills, the statesman in whose honor this memorial event is being held, exemplified these leadership qualities.”


Leave a Reply

Your email address will not be published. Required fields are marked *