“I undervalued goods to beat customs” – Business tycoon Daniel Ofori reveals how he ‘cheated’ to become rich

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Business tycoon Daniel Ofori

Daniel Ofori, a Ghanaian business tycoon and philanthropist, has narrated how he cheated the system to grow his business empire.

According to the Ghanaian Business tycoon, some of the actions he took did not go hand in hand with Christian Values.

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 Daniel Ofori disclosed that he used to undervalue the price of his imported goods at the port in order to pay less import duties on them.

Speaking to the congregation of the Grace Baptist Church at Amakom, in Ashanti Region, in a viral video shared by Ghana Chronicles on X, Daniel Ofori narrated, “My father got stores, and he gave me some at Adom. I started using them for my business and later started travelling abroad to import goods. This is how White Chapel came about. With time, the business expanded, and I moved to Accra.

“It got to a point where I was travelling abroad to bring goods into the country because of God’s grace. You import goods, and if you tell the truth at the port, they are going to charge you a duty that would make you run at a loss. So, when you get there, you have to tell lies… So, if the goods you brought are worth 5000, you tell them it is 1000, so that after they charge the duty, you still have something to eat,” he added.

He, however, added that practice made him uncomfortable and eventually stopped undervaluing his goods at the port.

“One day I came to church, and what was preached was that God is a spirit, so those who want to worship Him should do so in spirit and in truth. Meanwhile, the work we were doing was full of lies… You keep lying, and even when something is green, you say it is red,” he added.

Some Ghanaians reacting to Daniel Ofori’s revelations stated, “Met some people who wanted to export gold legally, and the system nearly butchered them. Once bitten, twice shy

Shaa… the system is brutal to honest people

It basically forces folks into exploitative means just to survive”.

A netizen added, “This is a normal thing in the business community. He just dey loud am

Over 90% of business men dey chest the system. Our tax system is so crazy that u can pay the normal tax. Your business will collapse”.

One X user added, “Is it not criminality he is admitting to? How do you give this as motivational advice? telling others it’s okay to bend the law a bit to succeed?”.

A netizen also argued, “hmmm.. a very complex situation. he is telling the truth, but in another country, too, they would have started investigating him for all his past businesses”.

A netizen noted, “This transparency sparks an important conversation on corporate ethics, regulatory compliance, and the ongoing need for modernised, airtight customs systems to ensure fair trade”.

An X user added, “A developing country shouldn’t have this brutal system, which might force people to exploit it”.

In related news, Daniel Ofori was one of the people whose petition led to President John Mahama removing former Chief Justice Gertrude Torkornoo following a prima facie being established against her.

Also, Daniel Ofori, some weeks ago, won a court case against Ecobank Ghana at the Supreme Court. 

The Supreme Court of Ghana on Wednesday, 6 May 2025, dismissed an application filed by Ecobank Ghana seeking to set aside an entry of judgment stemming from an earlier ruling in favour of Daniel Ofori.

According to the Supreme Court, Daniel Ofori is entitled to monthly compounded interest at an agreed rate of 30 per cent, running from 2 June 2008, the date of the investment, to 25 July 2018.

Watch the video below:

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