McDan Woos Investors To Ghana’s Boundless Opportunities Tourism Sector

Chairman of the McDan Group of companies, Dr Daniel McKorley has wooed investors across the globe to invest in the country’s tourism sector which abounds with boundless opportunities and become part of a successful Ghanain story that transcends numbers.

According to him,, the tourism sector in 2019 alone, contributed a commendable 5.3% to Ghana’s Gross Domestic Product (GDP) , generates US$3.6 billion in foreign exchange earnings for the country and a employed some 1.3 million citizens.

Addressing the 2023 Ghana Tourism and Investment Summit in Accra, Dr McKorley described the tourism sector as the heartbeat of the country’s economy and has deeply woven itself into the fabric of national identity.

He has therefore called on all potential investors to eadeavour to feel the pulse of Ghana by investing in the country’s torurim sector that resonates with stories of vibrant communities, shared experiences and hospitality as traits that are pivotal for the growth and prosperity of the country.

“Ghana is not just a nation of promise; it’s a nation of realized potential and boundless opportunities. As we encourage you to consider investing in our tourism sector, we don’t just offer statistics and figures.

We extend an invitation to be part of a journey—a journey where your investments shape not only the economic landscape but also contribute to the narrative of a thriving, dynamic, and culturally rich nation.
I invite you to feel the pulse of Ghana, experience its warmth, and be part of a story that
transcends numbers—a story that is being written with every sunrise on our golden shores” Dr McKorley stated.

The Group Chairman of the McDan Group also acknowldged the challenges associated with donig businees in the country and stated that the government of Ghana has intiated some some measures to address the issues.

“Yet, as we navigate the landscape of opportunity, we must acknowledge the challenges that exist.
Access to finance remains a hurdle, with high-interest rates and strict collateral requirements.
Infrastructure, access to utilities and bureaucracy” he noted.

McDan as he is popularly known said the government is proactively supporting tourism investment with some noted intiatives.

“In response to these challenges, the Ghanaian government is not just an observer but a proactive
supporter of tourism investment. The Tourism Development Fund, with its provision of grants
and loans, acts as a financial ally to businesses with a vision for the sector. The National Tourism
Development Plan provides a roadmap, guiding us toward sustainable growth, while the Ghana
Investment Promotion Centre stands ready to offer assistance and information to those ready to
invest in our great nation” he disclosed.

The Ghana Tourism Investment Summit 2023 was on the theme ‘Tourism Investment, A Catalyst for National Development’.

The summit was organised by the Ministry of Tourism, Arts and Culture (MOTAC) through the Ghana Tourism Development Project (GTDP), in partnership with the Ghana Tourism Authority and other agencies.

It brought together relevant stakeholders in the tourism value chain to promote opportunities within the sector and attract investment whilst promoting Ghana as an attractive Foreign Direct Investments (FDI) destination for global foreign investment in the tourism.

By: Christian Kpesese/www.eagleghana.com