The CEO of the McDan Group, Dr. Daniel McKorley has advised persons who are willing to establish businesses in Ghana, urging them to brace themselves for the challenges inherent in the country’s business environment.
His comments were made at the recent Ghana CEO-Presidential Gala Dinner, where he provided a candid assessment of the obstacles faced by the private sector.
“I will be very blunt,” Dr. McKorley began, adding. “Government policies have really not helped the private sector. That is where we are sitting right now, and we have to be frank about it.”
Dr. McKorley, popularly known as McDan, highlighted the resilience required to succeed as a Ghanaian business owner.
“If you want to do business in Ghana, then you have to be prepared. Being a Ghanaian doing business in Ghana, you have to be brave,” he advised.
“Many times, it looks like we don’t support our own. I have tasted it, I have slept with it, and I’m living with it—it’s quite dangerous and difficult,” he added.
He noted the economic potential of his companies if the government could establish a more supportive framework.
“If you build the life of my businesses… we can generate $3.2 billion for the government every year,” he noted.
Dr. McKorley pointed to the example of other countries that actively collaborate with their indigenous companies in difficult times.
He suggested that Ghana could do the same, leveraging established local businesses to drive economic growth.
“Imagine if the government just called on McDan and other big businesses in times of need, like other countries do,” he remarked.
Source : Modern Ghana