The McDan Group, under the leadership of Executive Chairman Dr. Daniel Mckorley, is set to expand its operations into the Caribbean by the end of 2024.

This strategic move aims to enter new markets and strengthen the group’s resilience against future economic shocks.

Dr. Mckorley revealed that Grenada is likely to be chosen as the base for this expansion into the Caribbean region.

This announcement came after a high-level meeting with Grenada’s Prime Minister, Dickon Thomas Mitchell, during the AFREXIM Annual Meetings in Nassau, Bahamas.

Dr. Mckorley expressed enthusiasm about the initial discussions with Grenadian government officials, noting, “Our expansion drive has also been influenced by requests coming from some of these countries outside Ghana, looking at the good work that we are doing in Ghana.”

The expansion will focus on key areas such as logistics, shipping, aviation services, and the salt business. Dr. Mckorley highlighted the opportunities available in the Caribbean and mentioned that thorough feasibility studies have been conducted to ensure successful partnerships and synergies for the McDan Group.

Furthermore, Dr. Mckorley plans to include other Ghanaian businesses in this expansion initiative. He mentioned that several small and medium-sized enterprises (SMEs) from Ghana are accompanying him on this trip to explore business opportunities in the Caribbean.

“I have already engaged some Ghanaian businesses and even some of the businesses, especially the SMEs, are with me on this trip to the Caribbean,” he stated. He emphasized the importance of supporting Ghanaian businesses to help grow the economy, adding, “I have a real estate developer with me, as well as a major player in the FINTECH industry with me here at the AFREXIM meetings.”

As part of the expansion drive, Dr. Mckorley also visited St. Lucia to engage with senior government officials, including those from Trade, Commerce, and Investment Promotion, as well as the Deputy Prime Minister.

Following visits to port areas and other strategic locations in St. Lucia, the decision was made to participate in the Port and Logistics sector of the country.

Minister of Commerce, Manufacturing, Business Development, Corporate and Consumer Affairs, Hon. Emma Hippolyte, expressed her government’s commitment to facilitating the McDan Group’s investments.

“We will take up this issue at the cabinet level because we are having a cabinet meeting today. This shows you how serious we are about the situation at the government level,” she said. Hippolyte also suggested that St. Lucia could become the hub for McDan Group’s operations in the Caribbean.

With these developments, the McDan Group is poised to expand its footprint and influence in the Caribbean, leveraging the region’s opportunities to drive growth and success.