The Chairman of the McDan Group, Dr. Daniel McKorley, has expressed concerns about the challenges faced by stakeholders in Ghana’s private sector.

He believes that over the years, the private sector has not benefited from government policies, which he thinks stifle local businesses and create an unfavorable environment.

Speaking at the Ghana CEO Presidential Gala Dinner on November 7, 2024, Dr. McKorley categorically called out government policies that have impacted entrepreneurship in the country.

"I will be very blunt, government policies have really not helped the private sector. That is where we are sitting right now, and we have to be frank about it," Dr. McKorley stated.

"If you want to do business in Ghana, you have to be prepared. Being a Ghanaian doing business in Ghana, you have to be brave," he stressed.

Dr. McKorley's remarks conveyed his frustration over a lack of sustainable government support that fosters growth and innovation to empower local businesses.

"Many times, it looks like we don’t support our own. I have tasted it, I have slept with it, and I’m living with it and it’s quite dangerous and difficult," he pointed out.

He also mentioned that the government's perceived reluctance to leverage on the private sector's potential is a missed opportunity to propel national growth and development.

"If you build the livelihood of my businesses, we can generate $3.2 billion for the government every year. Imagine if the government just called on McDan and other big businesses in times of need, like other countries do," McDan explained.

The Chairman of the McDan Group wants the government to provide the needed cushion through sustainable policies that support the private sector, create jobs, and propel growth.

MA