Daniel McKorley, CEO of McDan Group of Companies, has shared that launching and sustaining a business in Ghana requires extraordinary courage, as the country’s business environment provides minimal support to local entrepreneurs.
Speaking at the Ghana CEO-Presidential Summit in Accra, McKorley described the challenges he faced while building his company and emphasized the importance of resilience in the face of obstacles.
“Being a Ghanaian to do business in Ghana, you have to be brave; many times we don’t support our own,” McKorley stated. “I have tasted it, I have slept with it, and I am living with it, and it’s quite dangerous and difficult,” he said, underlining the hurdles he had to overcome.
McKorley argued that if Ghana could develop ten businesses generating around $3.2 billion annually, the nation might eliminate the need for International Monetary Fund (IMF) assistance to support its economy. He stressed that the solution lies not in political manifestos but in creating a unified national agenda for economic growth.
“If we can all work towards a single national agenda and implement a straightforward policy to build the greatest businesses in the country for the next four, five, or ten years, we have everything we need,” he asserted. McKorley suggested that Ghanaians must embrace a collective approach to achieve sustainable economic success and strengthen the nation’s industries.
Finally, he urged citizens to remain committed to supporting the country’s progress, adding, “We shouldn’t seek refuge in other countries; Ghana is our only home.”