Peace FM

Peace FM is a private radio station in the Greater Accra Region that ultimately is run by the Despite Group of Companies.

It is one of the leading radio stations in the country as it ranked first nationwide, with an audience share at 9.7%. Based on the same survey by GeoPoll for the first quarter of 2017, Peace FM is also placed first in the Greater Accra Region with an audience share at 14,7%, and popular in the Eastern (19.2%) and the Central (14.90%) Region. The audience uses Peace FM to get informed: During the Election Day in 2016 for example, Peace FM had the highest listenership peaking at 870,000 viewers from 6-8am.

The station delivers services and programmes to platforms ranging from news, online radio and audio under its corporate brand, ‘Obiara Se Eye’ - Everyone Says It Is Good. Thus - more than just a traditional broadcaster - Peace FM is today evolving into a content company that produces local, national and international news, sports, business, current affairs, information and much more. The station’s contribution to national development has been acclaimed resulting in several awards: Peace FM was for example adjudged Radio Station of the Year 2006 and it also got awards for its morning show, Kokrokoo, hosted by Kwami Sefa Kayi.

The radio station is registered to Despite Music Productions Limited. Despite Music Productions Limited again belongs to Despite Group of Companies under which Hello FM, Okay FM as well as a TV station, UTV operates. The official profile at the Registrar General’s Department shows that Osei Kwame - one of the most successful and richest businessmen in Ghana - owns 100 % of the shares of Despite. Peace FM was said to be a dream of Mr Osei Kwame, which became a reality on May 25, 1999 with the objective of demonstrating support for the local music industry which was on a rapid decline then, put Ghanaian culture above all else. Thus most of the programmes on the station are broadcast predominantly in Twi.

The non-media businesses of the Despite Group of Companies include salt mining, food processing, savings and loans among others.

Key facts

Audience Share

9.7%

Ownership Type

private

Geographic Coverage

national

Content Type

free content

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Despite Group of Companies

Ownership

Ownership Structure

There is a profile available at the Registrar General's Departent. Peace FM is operated by Despite Music Productions Limited which belongs to Despite Group of Companies. The Group is wholly-owned by Osei Kwame.

Voting Rights

Missing Data

Individual Owner

Media Companies / Groups
Facts

General Information

Founding Year

1998

Founder

Dr. Osei Kwame

Affiliated Interests Founder

Dr. Kwame is a media entrepreneur with a chain of media outlets in the name of Despite Group of Companies and through a daughter company, U2 Company Limited. He also operates companies in the food business.

Ceo

Dr. Osei Kwame

Affiliated Interests Ceo

see above

Editor-In-Chief

Missing Data

Affiliated Interests Editor-In-Chief

Missing Data

Other Important People

Kennedy Osei

Affiliated Interests other important people

Kennedy 'Ken' Osei is the General Manager of the Despite Group of Companies, which owns Peace FM, OKAY FM, and Neat FM in Accra, Hello FM in Kumasi, and United Television (UTV). He is the eldest of the children of Dr. Kwame, owner and CEO of the company.

Contact

Despite Music Production Ltd. ;Box 17470, Accra; Tel.: 0302-406767/406669;Fax: 0302 406531;E-Mail: Peacefm@idngh.com

Financial Information

Revenue (in Mill. $)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

  • Project by
    MFWA LOGO
  •  
    Reporters without borders
  • Funded by
    BMZ
  • With kind support from
    GeoPoll