Alex Apau Dadey, the Executive Chairman of KGL Group, stated that Africa must actively build its own global business champions. He spoke at the 10th Ghana CEO Summit and Expo on June 1, 2026. Dadey argued that Africa's future wealth depends on creating strong, enduring companies. It does not rely solely on its natural resources or large population.
Dadey explained that economic progress historically comes from robust local businesses and institutions. He believes Africa has talked about potential for too long. The continent must now focus on creating enterprises that can compete worldwide. These companies will also help grow local economies. Dadey stressed that potential alone does not transform nations. Strong institutions are key.
This call aligns with Ghana's ongoing efforts to boost its economy. The nation aims to become a regional economic hub. Previous initiatives focused on improving the business environment. However, many local businesses still face challenges. These include accessing finance and navigating regulations.
Dadey drew on his nearly 30 years of business experience. He noted that business champions, unlike CEOs, transform entire economies. He returned to Ghana from the UK with a vision. He believed African businesses could build world-class institutions. These would use technology, good governance, and strategic planning.
KGL Group exemplifies this vision. The company has invested heavily in its operations. It focuses on governance systems, technology, and long-term strategy. KGL Group now operates in over 10 African markets. It is also looking to expand into East Africa. Dadey highlighted that building an African champion requires resilience and innovation. It also needs disciplined governance and adaptation to new technologies.
Dadey also discussed the challenges facing indigenous businesses. These include limited access to patient capital. Regulatory hurdles and poor infrastructure are also problems. He urged policymakers to support local companies. He argued that growing businesses should be seen as national assets. They should not be viewed with suspicion.
He emphasized that accountability is crucial for all businesses. However, it must be applied fairly and consistently. Dadey called for equal treatment of local firms and foreign companies. He pointed out that KGL Group paid over $153 million in taxes recently. This exceeded a prior commitment. He stated another company would soon announce a significant tax payment.