Zoomlion Owner Claims He Started His First Company With A 3 Cedis Loan From His Mother

The Founder and Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, has revealed how he leveraged a GHC3.00 his mum loaned him, to become one of the biggest business moguls in Africa.

According to him, after being compelled to manage his mother’s bookshop after his second cycle education, he quickly grabbed an opportunity to establish a printing press to meet demands in 1995.
This gave birth to the Jospong Printing Press, which he established with the loan of GHC3.00.

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With perseverance, commitment and the guidance of God, Dr. Siaw managed the printing press efficiently and has since established several companies, hence the accolade “serial entrepreneur” bestowed on him.

He revealed this when speaking at the University of Health and Allied Sciences 6th Leadership Lecture Series in memory of the late President Evans Attah Mills, under whose tenure the University was established.

It was themed “Sustaining Environmental Sanitation Gains through Specialized Education.”
Being the 5th of 17 children of his father, Dr. Siaw had to share a small household with his siblings and parents in Odubi during his early life.

After his basic education, he continued to the Royal Technical Institute at Nungua in Accra where he studied for the City and Guilds London Certificate, completed in 1990.

He, however, had to abandon his dream of becoming a pilot or marine engineer due to a lack of funds and join his mother who was operating a bookshop.

He detailed that he hawked exercise books on the streets of Accra for a period, where he learned a major skill in business.

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

Dr. Siaw didn’t stop there, he is currently pursuing the objective of recycling waste and producing fertilizer to help curb the perennial shortage and hike in prices of the product in Ghana.

He eulogized the Late President Mills for his contribution to the development of his companies and his sheer leadership traits.

He indicated that

“true leadership entails the continuous search for innovative solutions to our collective problems” adding that “true leadership entails serving our community and our country with humility and selfishness. Prof John Evans Atta Mills, the statesman, in whose honor we are having this commemorative event embodied these leadership skills”


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