U2 Company Limited
U2 Company Limited’s range of businesses includes Media Production – but also Real Estate Development, Mining of Salt, Allied Products, Stone Quarry, Fertilizer Production, Food Processing, Cable and Wire Manufacturing.
U2 Company Limited operates in the broadcasting sector. It manages UTV Ghana, Ghana’s third most popular local television channels. The company ultimately belongs to the Despite Groups of Companies, which again runs a number of popular TV, radio and online outlets.
U2 Company Limited is a joint ownership between Osei Kwame and Ernest Sarpong. Osei Kwame holds other business interests in the food and beverage industry. He is the CEO of Despite Group of Companies, it runs a range of radio stations in the country including Peace FM and Okay FM. Ernest Ofori Sarpong on the other hand runs other businesses including the production of mineral water. Osei Kwame and Ernest Ofori Sarpong together serve on the Best Point Savings and Loans Company with the former being a board member and the latter the chairman of the board. Apart from that, little is known publicly about the extent of non-media businesses that those two own.
The company since its establishment has not seen any transfer of ownership, mergers or total acquisitions.
Despite Group of Companies
Limited Liability Company
Broadcasting, Food & Beverages.
Kwame is an 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.
Ernest Sarpong is a business man and an entrepreneur. He first formed the SARPONG VENTURES LTD, an import and trading business, and later the Special Investments Ltd, a real estate and construction business.
Ernest,owns U2 Salt Ltd. salt mining company, United Television (UTV Ltd), a television station and Best Point Savings and Loans Co. Ltd, a savings and Loans Company.
Other TV Outlets
Other Radio Outlets
Peace FM - Frequency (MHz) 104.3
Okay FM - Frequency (MHz) 101.7
Hello FM - Frequency (MHz) 101.5
Other Online Outlets
Despite Music Production Limited
Television & radio broadcasting
Neat FM Company Limited
U2 Company Limited
Online Content Production
Despite Digital Limited
Special Investment Company Limited
Best Point Saving and Loans
Food & Beverages
Atona food production
Neat Foods Company Limited
NEAT Hausa Koko
NEAT Diary Products
U2 Salt Limited
Special Ice Company Limited
Osei Kwame #Ernest Ofori Sarpong
Affiliated Interests Founder
Osei Kwame and Ernest Ofori Sarpong are entrepreneurs with business interest in the banking, mining and food processing sectors
U2 Company Ltd.P.O.Box 17470, Accra
Tax/ ID Number
Revenue (Financial Data/ Optional)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
Dr. Osei Kwame - Director
Ernest Ofori Sarpong - Director
Company information on shareholding based on data from the Registrar General's Department.
Registrar General's Department. Date of Registration 2011-09-08. United Television – SN009892015. Accessed in May 2017. Available upon request.
Registrar General's Department. Date of Registration 2014-10-28. U2 Company Limited – CS513722014. Accessed in May 2017. Available upon request.