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
-
Peabo Bryson, R&B singer behind Beauty and the Beast, dies aged 75
2 minutes -
KNUST hosts FemSTEM Africa 2026 to empower women health innovators
32 minutes -
Chief Imam calls for peace, reconciliation over Eid-ul-Adha dispute
39 minutes -
BoG boosts June market support to $1.2bn as cedi faces renewed pressure
1 hour -
Ghana Reference Rate drops for June marginally to 10.02%, interest rates set to reduce further
1 hour -
Kwame Sowu: The normalisation of dysfunction
1 hour -
Man who returned GH¢4,000 found at ATM rewarded with GH¢10,000 by Fidelity Bank
1 hour -
Any attempt to promote same-sex relations threatens society’s foundation – Chief Imam’s Spokesperson
2 hours -
Mahama renews advocacy for UN reform to grant Africa permanent representation on Security Council
2 hours -
A national position has already been taken – Sheikh Shaibu questions renewed LGBTQ+ debate
2 hours -
Anti-LGBTQ+ bill: Don’t turn this into a political football – Sheikh Shaibu warns NDC and NPP
3 hours -
2026 World Cup: Let’s be positive about squad, manager – Jordan Ayew urges GhanaiansÂ
3 hours -
Washing bay attendant remanded over alleged theft of friend’s GH¢46,306 for bettingÂ
3 hours -
Eight people killed in Mali after bus hits land mine, says union official
3 hours -
Ivory Coast sees strong exports of cocoa main crop as El Nino looms over output
3 hours