{
  "id": 13224166,
  "title": "President Mahama urges Ghanaian businesses to build beyond founders",
  "url": "https://urgent.news/2026/10/09/president-mahama-urges-ghanaian-businesses-to-build-beyond-founders",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T21:35:17.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/10/09/president-mahama-urges-ghanaian-businesses-to-build-beyond-founders/"
  },
  "original_language": "en",
  "account": "President John Dramani Mahama has called on Ghanaian entrepreneurs to develop businesses that can thrive without their founders, emphasizing the importance of succession planning for the long-term growth of local companies. This issue is a concern as many Ghanaian-owned businesses falter after their founders retire or pass away, impacting the development of a robust private sector. During a tour of companies like Nestle Ghana Limited, Three Dreamers Manufacturing, and Kasapreko Limited, Mahama praised Kasapreko's success, citing it as a model for other Ghanaian enterprises that have effectively managed leadership transitions while continuing to expand.\n\nKasapreko's ability to transition leadership while maintaining growth is highlighted as a key example of how Ghanaian businesses should strive to become self-sustaining. President Mahama congratulated Kasapreko on its listing on the Ghana Stock Exchange, noting that the company raised GHS 700 million, which was reinvested into building a new factory at Adiamso. This expansion is expected to create more jobs and drive further growth across Ghana. Mahama expressed optimism about the future of local businesses, stating that the success of enterprises like Kasapreko demonstrates what can be achieved when businesses invest in production, innovation, and long-term planning.\n\nMahama urged business owners to create systems that ensure continuity after the founders step down, stressing that this is crucial for developing strong local companies capable of job creation, wealth generation, and national development. He pointed out Kasapreko's evolution from a smaller operation to a major enterprise with multiple production lines, expanding from line three to line eight, serving both local and international markets. The president also encouraged businesses to take advantage of the improving economic conditions, with foreign direct investment (FDI) increasing from $624 million in 2024 to $2.62 billion in 2025, signaling growing global confidence in Ghana's economy. Reduced interest rates, which have dropped significantly from about 32% to 9%, are cited as contributing factors to this favorable environment. Mahama linked these positive developments to the government's initiative for a 24-hour economy, aiming to boost industrialization, production, and job creation. He emphasized that the success of companies like Kasapreko proves that Ghanaian businesses can compete on the global stage when they focus on sustained growth and innovation.",
  "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. The post President Mahama urges Ghanaian businesses to build beyond founders appeared first on Ghana Business News .",
  "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."
}