Kate Quartey-Papafio Explained

Kate Quartey-Papafio
Occupation:	Businessperson
CEO, Reroy Cables Ltd

Kate Quartey-Papafio is a co-founder of Ghanaian cabling company Reroy Cables.^[1] In 2021, Kate was listed as one of the five richest women in Ghana with a net worth of $250 million.^[2]

Career and honors

Kate started Reroy Cables with her husband in 1992, after they failed to get a suitable cables for the construction of their house.^[3] She's the first female CEO of a cable manufacturing firm in ECOWAS.^{[4] [5]} In 2014, she was named the marketing woman of the year by the Chartered Institute of Marketing Ghana (CIMG). In the same year, during the maiden edition of the Osagyefo Kwame Nkrumah African Genius Award, she won the entrepreneurship category. In 2016, the Europe Business Assembly, which sells "fake awards",^[6] awarded her the best enterprise award.

In 2017, Kate, William Ato Essien, the CEO of the defunct Capital Bank and two others were accused of stealing and money laundering that led to the collapse of the bank. While, on the 8th of July 2021, the High Court in Ghana acquitted and discharged her from the criminal prosecution.^[7]

References

1. Web site: Glitz top 100 inspirational women – Page 100 – Glitz Africa Magazine . 2022-05-28 . en-US.
2. Web site: Ghana's 5 richest women unveiled Encomium Magazine. 2022-01-10. en-US.
3. Web site: Ghana : Kate Quartey – Papafio, a trailblazer in the electrical sector in Africa :: AWE - En. 2022-01-09. africawomenexperts.com.
4. Web site: Empower Women - Kate Quartey-Papafio: Ghana's leading female industrialist. 2022-01-09. EmpowerWomen. en.
5. Web site: On the High Wire. 2022-01-10. The Business Year.
6. Web site: Billy. Kenber . Oxford university in fake awards farce . Thetimes.co.uk . 24 July 2017 . 26 July 2017.
7. Web site: 2021-07-08. Capital Bank collapse: Court acquits and discharges ‘childish’ Reroy Cables CEO. 2022-01-10. Citinewsroom - Comprehensive News in Ghana. en-US.