CSR

November 17, 2022

Chief Executive Officer (CEO) of McDan Group of Companies, Daniel McKorley, has advised businesses in the country to be strategic in taking advantage of the African Continental Free Trade Area (AfCFTA) agreement.

By being strategic, he said businesses must first study the business terrain of their selected African markets before entering or doing business in the said African market.

He said this at the 6th Edition of the Africa Trade Roundtable meeting organised by the University of Professional Studies Accra (UPSA) in partnership with the Association of Chartered Certified Accountants (ACCA).

Mr McKorley noted that, with the offtake of the AfCFTA pact, businesses must not rush to enter other African markets.

He said studying the business terrain of an African market before entering it was necessary, given the fact that, business techniques that work in one African country would 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.

“Because you see, the techniques that work in Ghana, will not work in Nigeria or Kenya. You can’t use the same techniques because if you do, you will fail,” he stated.

“Before you go into a country to trade, it is extremely important to know the culture of the country, the business environment of the country, the policies that affect business operations in the country, mergers and acquisitions in the country, among other things,” he added.

Speaking further at the event, Mr McKorley noted the timing for the creation and commencement of the AfCFTA is perfect, given rising commodity and food prices – partly due to supply chain difficulties – which is driving upwards inflation and adversely impacting livelihoods of Africans.

With AfCFTA, Mr McKorley says the African Continent can insulate itself from such incidents in the near future.

The AfCFTA pact which kickstarted January 2021, is the largest single trade bloc in the world with an estimated $3 trillion GDP value and 1.3 billion market (population of Africans).

The UPSA Africa Trade Roundtable brings together intra-African trade experts, government officials, international trade and commercial law experts, policy makers and scholars from across the world to discuss the pertinent issues arising out of the implementation of the African Continental Free Trade Area (AfCFTA).

Source: https://www.graphic.com.gh/

by admin

October 4, 2022

On Farmer’S Day December 7, Accra Great Olympics will confirm an official sponsor’s relationship with logistics giants McDan Group for the next three years.

The deal is also performance-based as there will be substantial increases in the package if certain key achievements are made in Ghana and on the continent.

McDan Group’s interest in supporting the club in a big way was shown some months ago when Olympics played Hearts of Oak in the Accra derby, during the second round of the 2020/2021 season.

Its Executive Chairman, Dr Daniel McKorley together with some notable supporters and board members of the club, Mr Humphrey Williams, Lawyer Frank Davies and Lawyer Gabby Asare Okyere-Darko put together a winning bonus package of GHC 90,000. However the game ended in a 1-1 draw.

Mechanics of the deal

The Accra based club can make up to top $270,000 every football year based on key conditions.

The club is to earn a package of $100,000 from McDan Group every contract year with an amount of $50,000 being advanced immediately after signing.

Also a second installment of $30,000 will be paid to the ‘Wonder Club’ on or before February 1, 2022. The remaining $20,000 will cover the cost of using the training pitch at the McDan La Town Park.

Olympics, who are currently fifth on the league log, will also receive $100,000 from McDan if they manage to win the Ghana Premier League (GPL) this season.

Another $50,000 will hit their account if they lift the FA Cup, while $20,000 will go to the club if they record a top four finish.

Joy Sports also understands that the package will be cancelled if the Accra based-club slump into relegation.

Added to all these is the clause to build a $10 million-worth stadium facility for the club if they are able to win the CAF Champions League.

McDan’s Sponsorship history

Dr Daniel McKorley and his outfit has been a known supporter supporter of sports for years and have also made some major strides.

GPL: McDan Group hands Great Olympics a $270k year sponsorship

First of them is the organization of the McDan Open Tennis Tournaments which have now been certified by the International Tennis Federation.

At about three occasions, the McDan Group Executive Chairman, Dr McKorley also bailed out the Ghana Tennis Federations from bans from membership of the ITF following arrears of yearly membership’s dues. He supported the federation with various amounts in excess of $30,000.

The McDan Group has also supported the National Junior Tennis team with a mini bus and monetary sponsorship for various tournaments which has also earned results. Ghana is now a dominant force in the African Junior Tennis championship as well as the West African Circuit.

Dr McKorley also constructed the McDan La Town Park which is also the nation’s biggest Astro Turf, in 2017. The McDan La Town Park is the training ground for Accra Great Olympics and is also one of the most vibrant match centers in the Women’s Premier League.

Another sports franchise established by the Group is the McDan Amateur Boxing Series which has been staged in communities to mark festivals and key national milestones.

They include the Independence Edition held in Tamale after the first Independence Parade in Ghana history to be held there and the Special Asafotufiam Festival in Ada, the town from where Ghana’s first boxing world champion D.K. Poison (David Kotei) hails.

The McDan Group also puts together one of the biggest competitive community football tournaments which include the McDan Gadangme Cup for coastal communities in the Greater Accra Region and the McDan Peace Cup.

The signing ceremony is expected to take place at the Accra Metropolitan Assembly.

Source: Nathaniel Attoh

by admin

June 30, 2022

The Chairman of McDan Group of Companies, Daniel McKorley has promised to give every student in Northern Ghana, three to five acres of land to plant soya beans. The land, the business mogul says the beneficiaries can also used to cultivate any other produce of their choice apart from soya.

According to him, the decision to give out this land to students will give them the opportunity to cultivate one or two products for the states. This he noted will go a long way to boost agriculture and promote food sufficiency in the country.

Daniel McKorley’s decision was welcomed by all the paramount chiefs who attended the third edition of the #McDanYouthConnect series in Tamale under the theme “Impacting Youth Development with Entrepreneurship,” and have all agreed to release 100 acres land each for the project of block farming.

During the pitch series which was held at Tamale UDS, Daniel McKorley challenged students not to stop engaging people on what they don’t know, trying something new, and discovering their potentials to grow.

According to him, humility is a key that leads people to success, hence as students, they must learn to be humble and engage people who have made it in life to guide them through the right path to success.

When students asked him how he manage all his businesses and how he stays fully aware of everything happening in them, he commended them for the questions and indicated that “I’m hands-on about everything so it wasn’t wrong to assume that I know everything. I don’t know everything.

He explained that regardless of one’s background and experience, it’s simply not possible to know everything there is about their business or even their specialty.

“…And by thinking you know everything and acting on that feeling, you’re likely to make more mistakes than you otherwise might. And the reason you don’t know everything isn’t that you’re not smart or don’t have enough experience. It’s because the world and the realities of business are simply more complicated and rapidly shifting than anybody can keep up with,” he said.

He noted that, businesses hire smart people with the right attitude to work with and that even the most senior people at some of the largest companies employ consultants and advisors externally as well as relying on and listening to their staff.

He advised them not to worry in deferring to people who are smarter and/or more knowledgeable than they are.

Meanwhile, at the end of the Pitching, Eco-Clean Ghana, an initiative of students in UDS Wa Campus, emerged winner. Eco-Clean Ghana received Ten Thousand Ghana Cedis (GHC10,000.00) for emerging the winner from McDan Group of Companies.

Eco-Clean Ghana is a new organization that seeks to recycle waste into useful products. It trains and empowers youth, farmers and women on how they can recycle and reuse both degradable and non-degradable materials into useful products that benefit the environment and the people around.

McDan Group, Daniel McKorley congratulated the winners and looks forward to the growth of their business to create jobs, provide livelihoods, change the narrative from a youth of ‘job seekers’ to ‘job creators’ and creating a genuine impact in their community.

He thanked management of UDS-Tamale for hosting the entire #McDanYouthConnect team, saying that “The welcome, warm reception and hospitality you gave us are truly a unique trademark of your cultural values and a reflection of the kind-hearted people that you are!”

“I’m grateful for the opportunity and platform to share learning points from my journey to the next generation. To the start-ups that pitched their amazing business ideas to our panel to win the GHc10,000 funding pot, you all did an amazing job articulating your enterprise ideas to our audience and judges, and you really blew the crowd away with your creativity and innovation. It’s safe to say that our future is in good hands,” he said.

source: Ghanaweb

by admin

June 30, 2022

The Chairman of McDan Group of Companies, Daniel McKorley has promised to give every student in Northern Ghana, three to five acres of land to plant soya beans. The land, the business nogul says the beneficiaries can also used to cultivate any other produce of their choice apart from soya.