NewzPresident 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. President Mahama said the collapse or decline of many Ghanaian-owned businesses after their founders retired or died remained a challenge to the development of a strong local private sector. He made this known during a visit to Kasapreko Limited as part of a tour of selected companies, including Nestle Ghana Limited, Three Dreamers Manufacturing, and Kasapreko Limited, where he commended the company for its growth, expansion and increasing presence in international markets.
He cited Kasapreko Company Limited as a model of a Ghanaian enterprise that had successfully positioned itself for continuity, despite the retirement of its founder. He said the company’s ability to transition leadership to the next generation while continuing to expand its operations demonstrated the importance of building institutions rather than businesses that depended solely on their founders. “Kasapreko is also a model for Ghanaian enterprise.
Often, when the founder of a business either retires or passes away, the business collapses,” he said. President Mahama congratulated Kasapreko Company Limited on its successful listing on the Ghana Stock Exchange, saying the company’s experience demonstrated that listing did not necessarily mean losing control of a business. He noted that Kasapreko had raised GHS 700 million through the listing, which was being invested in the company’s new factory at Adiamso, and expressed confidence that the expansion would lead to the establishment of more factories and create additional employment opportunities for Ghana’s youth.
He said it gladdens his heart when he visits factories like that, stressing that “This is what it’s all about: creating jobs for our young people.” President Mahama urged Ghanaian business owners to deliberately create structures and systems that would enable their enterprises to remain productive and competitive after the founders had exited, saying that such continuity was important if Ghana was to develop strong indigenous companies capable of creating jobs, generating wealth and contributing significantly to national development. He said Kasapreko’s transformation from a relatively small Ghanaian busines… President John Mahama on Thursday paid a working visit to Kasapreko PLC, commending the Company for its successful listing on the Ghana Stock Exchange (GSE) Kasapreko PLC on June 15, 2026, officially entered a new chapter in its 38-year journey following its successful listing on the GSE, cementing its position as one of Ghana’s most significant indigenous business success stories.
The listing follows a landmark Initial Public Offering (IPO) that attracted approximately GH¢1.72 billion in investor demand, representing a subscription rate of 246 per cent and making it one of the most successful public offers in the recent history of Ghana’s capital market. President Mahama said many Ghanaian companies are afraid to list on the Stock Exchange because they fear that if they do, and others invest in the company, they will lose control of it. Kasapreko has invested, listed on the Ghana Stock Exchange, which is performing very well, and has raised GHC700 million, which it is investing in its new factory at Adeiso,” the President said.
“Congratulations on your successful listing, and I am sure that Kasapreko, after the Adeiso factory, will open many more factories, so that is what it is all about, creating jobs for our young people.” President Mahama said it gladdened his heart to visit factories such as Kasapreko and see young people gainfully employed. He said the Government would continue to encourage businesses to invest and expand their operations to create more employment opportunities for Ghanaians. He recalled visiting Kasapreko 11 years ago, when the company was relatively smaller, to inaugurate its Production Line Three.
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