President John Dramani Mahama has called on Ghanaian entrepreneurs to build businesses that can outlast their founders, emphasizing the importance of succession planning for the long-term sustainability of indigenous enterprises. He made this statement during a visit to Kasapreko Limited as part of a tour of selected companies. The President noted that many Ghanaian-owned businesses collapse or decline after their founders retire or pass away, which hinders the development of a strong local private sector.
President Mahama commended Kasapreko Limited for its growth, expansion, and increasing presence in international markets. He cited the company as a model of a Ghanaian enterprise that has successfully positioned itself for continuity despite the retirement of its founder. The company's ability to transition leadership to the next generation while expanding its operations demonstrates the importance of building institutions rather than businesses that depend solely on their founders.
President Mahama congratulated Kasapreko Company Limited on its successful listing on the Ghana Stock Exchange, which raised GHS 700 million. The funds are being invested in the company's new factory at Adiamso. He expressed confidence that the expansion will lead to the establishment of more factories and create additional employment opportunities for Ghana's youth. The President emphasized that creating jobs for young people is a key aspect of his economic agenda.
The President urged Ghanaian business owners to create structures and systems that will enable their enterprises to remain productive and competitive after the founders have exited. He stressed that such continuity is crucial for developing strong indigenous companies capable of creating jobs, generating wealth, and contributing significantly to national development. President Mahama highlighted Kasapreko's transformation from a relatively small Ghanaian business to an enterprise operating multiple production lines.
President Mahama encouraged Ghanaian businesses to take advantage of the improving economic environment to expand production. He noted that foreign direct investment (FDI) had increased from $624 million in 2024 to $2.62 billion in 2025, reflecting growing confidence in the Ghanaian economy. The President attributed the improved investment environment to fiscal discipline, efforts to stabilize the economy, and measures to create space for the private sector.
The President linked the development of indigenous industries to the government's 24-hour economy initiative, which seeks to increase production, promote industrialization, and create jobs through additional shifts and expanded economic activity. He stated that the growth of companies such as Kasapreko shows that Ghanaian businesses can compete globally when they invest in production, innovation, effective management, and long-term institutional development.
President Mahama also highlighted the improved economic conditions, which provide an opportunity for businesses to expand their operations, increase production, and create employment, particularly for young people. He noted that interest rates had fallen significantly, making it easier for businesses to access financing. The President's visit to Kasapreko Limited and other companies is part of his efforts to promote economic growth and development in Ghana.
Key points
- President Mahama urges Ghanaian businesses to build beyond founders.
- Kasapreko Limited cited as a model for successful succession planning.
- Ghana's economic environment improving, with increased foreign direct investment.
