The Chief Executive Officer (CEO) of McDan Group of Companies, Dr. Daniel McKorley, has admonished businesses to apply common sense amid the current economic uncertainties the world is currently faced with.
According to him, businesses have to be innovative in order to overcome the turbulence in these difficult times.
“I can say that we are a bit privileged to be in Africa because we can create more than they can create over there”, he said.
McDan added “businesses should look at the environment especially in Ghana to apply a lot of common sense to see how to take advantage of what is coming to us.”
He spoke at the 6th Edition of the UPSA-ACCA Africa Trade Roundtable themed “Infrastructure, Supply Chain Systems and the AfCFTA”.
Speaking on the theme, the McDan Group CEO admonished businesses to be strategic in trading under the African Continental Free Trade Agreement (AfCFTA) in order to trade fairly under the pact.
According to him, there is the need for businesses to study the terrain of an African market, given the fact that business techniques that work in one African country will not necessarily work or be effective in another.
“I would advise businesses to be strategic in trading on the continent, especially in view of the AfCFTA”, he said.
Dr. McKorley added “before you go into a country to trade, it is extremely important to know the culture of that country; the business environment of the country; the policies that affect business operations in the country; and mergers and acquisitions in the country, among other things.”
The UPSA Africa Trade Roundtable brings together intra-African trade experts, government officials, international trade and commercial law experts, policymakers and scholars from across the world to discuss the pertinent issues arising out of the African Continental Free Trade Area’s (AfCFTA) implementation.
- GRA descends on Melcom over issuance of fake electronic VAT invoices
- Father and daughter die in a gory accident at Ejisu-Onwe
- 12 persons arrested for involvement in robbery, murder cases
- DDE: Labour holds government to ‘exemption to all pension funds’ promise
- Akufo-Addo assigns Employment Minister additional responsibility for pensions
- Bodies of 10 civilians allegedly killed by soldiers released to families for burial
- ‘I am a fixer, not a talker’ – Dr Osei Adutwum tells critics
- Fantana mourns soulmate’s death
- Women have been misled about menopause
- It is unreasonable for Opuni’s case to drag on for 6 years – Attorney General
- Mechanics being ejected from Boadi Junction lament high towing fee charged by Assembly
- US black history syllabus changed after Florida ‘woke’ claims
- How to let your personal values lead when looking for love
- New approach to textbook procurement caused delay – Education Minister concedes
- ‘I reach a wider audience when my interviews are done in the Twi language’ – ZionFelix
- GoldFields, Kosmos dispute tax bills imposed by GRA
- PAC laments forgery, willful backdating of receipts by some state institutions
- King Charles will not appear on new Australia $5 note
- “It should not take IMF to direct government not to borrow from BoG” – IEA Research Director
- I couldn’t attend PRESEC-Legon because our cocoa farm got burnt – Seth Terkper
- Joy Entertainment Unpacking: FIPAG President’s apology letter on behalf of Yaw Dabo
- No Pensions Ministry has been created – Employment and Labour Ministry
- Tommy Liang: Boosting career readiness of Ghanaian youth in ICT
- Chiana-Paga constituents believe Francis Abirigo is the biblical Moses of the constituency
- Accra Marine Drive Project engages Parliamentary Select C’tte on Trade, Industry and Tourism