Executive Chairman of the McDan Group, Daniel McKorley, says government must do more to protect the private sector, insisting that local businesses are taking the risks needed to drive Ghana’s economy and should not be left exposed.

Speaking at the launch of the 10th Ghana CEO Summit in Accra, Mr. McKorley said Ghana’s economic transformation would depend heavily on the strength of the private sector and its ability to invest, innovate and create jobs.

He urged government to move beyond rhetoric on indigenisation and put in place real protections for Ghanaian enterprises.

“Various governments should walk the talk of indigenization, and it shouldn’t just be rhetoric,” he said. “We need, government needs, to protect the private sector against foreign invasion.”

Describing local businesses as central to the country’s future, he added: “We are the risk-takers of the country, and we must be protected.”

Mr. McKorley also tied private sector growth to the challenge of youth unemployment, arguing that business leaders must play a direct role in absorbing the large numbers of graduates entering the job market each year.

“We have to make sure that we, as captains of industry, be able to absorb the 500,000 unemployed men coming out of the universities year by year,” he said.

He maintained that the state alone cannot deliver economic transformation, stressing that government’s role is to create a supportive environment, while business must lead investment and job creation.

“The government creates the normal environment, but it is business that invest, innovate, and create jobs,” he said.

For Mr. McKorley, protecting the private sector is therefore not just about business survival, but about securing the country’s broader economic future.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

McDan urges strong protection for Ghana businesses

Suggested for you

More Stories

OSP dispute can be resolved – Asah-Asante responds to CSO concerns about court ruling

Sam George says 'Headucator' video could be used to prosecute someone under LGBTQ+ Bill

Presec-Legon leads 2025 NSMQ rankings as Prempeh, Mfantsipim follow for EN Analytics Top 100

From classroom to workshop: TVET students in Accra build bicycle

AGI seeks better lending rules as Bank of Ghana expands credit access

Sefwi Wiawso passport centre collects 1,700 applications in just four months

Discussion