Ghana’s Economic Situation is Likely to Worsen – McDan

The founder, chairman, and Chief Executive Officer of the McDan Group of Companies, Daniel McKorley, popularly known as McDan, has encouraged Ghanaians to brace themselves for a harsher economic situation in the country.

The business mogul foresees that the economic situation will worsen if the country continues to downplay the private sector as it has done since time immemorial.

“It’s very lonely at the top. It’s harder not really to say that the economic situation is better for us. My kind…always try to make sure that my environment sees smile so the economy is hard but I can assure you that it’s not going to be easier if we don’t look at the private sector seriously. Things are going to be harder, I can assure you that.”

The millionaire said this when he was asked if he feels the economic impact like the ordinary Ghanaian during an interview on the AM Show.

McDan also called for an enabling environment which he characterized as the support system for private local businesses in the country.

According to him, the private businesses, if left to thrive under the needed environment, will provide more jobs and spur economic development than the government capacity can deliver.

“Some of us we are just drivers leading the way. If I get the support, I will employ more people than government. Government can’t do much. We have a very stable political environment and what we need is a stable economic indicator that the businessman must thrive on. It is our job to create the enabling economic environment to drive on.”