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”.
AfCFTA Implementation
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.
