{
  "id": 13037544,
  "title": "Mahama urges Ghanaian businesses to build beyond founders",
  "url": "https://urgent.news/2026/10/09/mahama-urges-ghanaian-businesses-to-build-beyond-founders",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T04:57:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/mahama-urges-ghanaian-businesses-to-build-beyond-founders/"
  },
  "original_language": "en",
  "account": "President John Dramani Mahama has called on Ghanaian business owners to focus on creating enterprises that can thrive beyond their founders, highlighting succession planning as vital for the long-term success of local industries. During a tour of companies like Nestle Ghana, Three Dreamers Manufacturing, and Kasapreko Limited, the President praised Kasapreko for its growth and international presence, describing it as a model of a Ghanaian enterprise that successfully transitioned leadership while expanding its operations. Mahama emphasized that when a business's founder retires or passes away, the company often collapses, making strategic succession planning crucial for sustainability. He commended Kasapreko's listing on the Ghana Stock Exchange, which raised GHS 700 million, and expressed confidence that this investment would lead to further factory expansions and job creation for Ghana's youth. The President urged business leaders to establish robust structures and systems that would keep their enterprises productive and competitive after the founders step down, emphasizing that such continuity is essential for Ghana to develop strong indigenous companies capable of job creation, wealth generation, and national development. He noted Kasapreko's transformation from a small business to a company operating multiple production lines, expanding its production from line three to eight, and serving both domestic and international markets. Mahama also encouraged businesses to take advantage of the improving economic environment, with foreign direct investment increasing from $624 million in 2024 to $2.62 billion in 2025, reflecting growing confidence in the Ghanaian economy. He attributed this improvement to fiscal discipline, efforts to stabilize the economy, and measures to foster the private sector, noting that interest rates had significantly decreased. The President linked the development of local industries to the government's 24-hour economy initiative, aiming to boost production, promote industrialization, and create jobs through additional shifts and expanded economic activity.",
  "summary": "President John Dramani Mahama has urged Ghanaian entrepreneurs to build businesses that can survive beyond their founders, describing succession planning as critical to the long-term sustainability of indigenous enterprises.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}