Audio By Carbonatix
Executive Chairman of the McDan Group, Daniel McKorley, is calling for a stronger push toward industrialisation, saying Ghana cannot transform its economy if it continues to export raw materials without adding value.
Addressing the launch of the 10th Ghana CEO Summit in Accra, Mr. McKorley said the country must move beyond policy discussions and commit to practical industrial execution.
“Firstly, industrialization must move from policy to execution,” he said. “Ghana cannot continue to rely heavily on raw export like gold, salt, cocoa, oil, without significant value addition.”
He said Ghanaian business leaders must take a more deliberate long-term view by investing in industries that process locally produced raw materials and create employment at scale.
“We, as captains of industry, must think far. We must process what we produce and build industries that create jobs at large scale,” he said.
Mr. McKorley linked that call directly to the country’s wider economic transformation agenda, arguing that industrialisation remains essential if Ghana is to become more competitive, reduce dependence on commodity exports and build a more resilient economy.
He also highlighted the role of technology in supporting that transformation, saying modern competitiveness will increasingly depend on efficiency across sectors.
“Technology must drive efficiency and competitiveness from logistics to agriculture to financial, talking about a global supply chain,” he said.
His remarks come as this year’s summit focuses on “accelerating Ghana’s economic transformation” through leadership, technology and industrialisation. For Mr. McKorley, that theme is not merely timely but urgent, especially as Ghana seeks to reposition itself for growth and job creation.
Latest Stories
-
Ghana’s film industry: The Nokia of African cinema?
14 minutes -
British Council supports two Ghanaian creatives for UK cultural exchange opportunities
32 minutes -
Trump says Canada wants ‘benefits’ of being US state after trade talks collapse
2 hours -
TikTok to pay $400m to US in one of largest child privacy settlements
2 hours -
Asante Kotoko management doesn’t involve me in supporters mobilization – McBrown
2 hours -
Frustration builds in Indiana town struggling without power for 12 days
2 hours -
‘Jesus was accused; he kept quiet’ – Afenyo-Markin on Sammy Gyamfi allegation
2 hours -
NSMQ 2026: Accra High steals one-eighth ticket from Sunyani SHS in stunning final-round twist
2 hours -
Kejelcha breaks men’s half marathon world record by 29 seconds
2 hours -
Nkoko Nkitinkiti programme has failed – Afenyo-Markin claims
3 hours -
NDC yet to deliver key 2024 campaign promises – Afenyo-Markin
3 hours -
Adamus welcomes 12-month roadmap to revive mine, restore investor confidence
4 hours -
T-bills: Government records 162% oversubscription, interest rates slump
4 hours -
UPSA moves to turn student research into market-ready solutions
4 hours -
Presby SHS, Suhum honour late coordinator with dominant One-Eighth qualification
5 hours