Home » Ghanian mining tycoon Daniel McKorley offers women-led businesses interest-free loans

Ghanian mining tycoon Daniel McKorley offers women-led businesses interest-free loans

by Ishioma Emi

Ghanaian mining and logistics tycoon Daniel McKorley has provided interest-free loans worth ₵3 million ($494,997) to more than 1,000 women-led small-scale businesses in the Greater Accra Region, Graphic Online reported.

The loans were presented to women-led businesses in the Ada municipality by the McDan Community Support Scheme for Women Empowerment, an initiative established by Electrochem Ghana Limited.

Through the interest-free loans, the businessman will give back to the Ada community, working to sustain the lifespan of the businesses after the loan repayments.

McKorley is the founder and CEO of Electrochem Ghana, a subsidiary of McDan Group.

In 2016, he was named “Entrepreneur of the Year” at the Ghana Aviation Awards.

Electrochem Ghana 

Electrochem Ghana is a mining and metals company. It is one of the largest salt and chlorine-alkali manufacturing companies in West Africa and a leading player worldwide. 

In December 2020, the company commenced operations on its Ada Songhor salt project site, with an estimated production capacity of about 1.4 million metric tonnes of salt. 

Electrochem Ghana is located in Ada Foah, Ghana.

McDan Group

McDan Group is an Accra-based transportation and logistics company with three divisions, including McDan Shipping, McDan Aviation and McDan Logistics.

McDan Group operates freight forwarding, sea freight, air freight and contract logistics and serves as a logistics provider for ground transport. It has an operational footprint in Sierra Leone, Liberia and Equatorial Guinea.

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