A billion-dollar investment was blocked by Archer’s $10m business – McDan

A billion-dollar investment was blocked by Archer’s $10m business – McDan

- McDan, has revealed that the existence of the $10-million printing press owned by Raymond Archer was a blockage to a billion-dollar investment

- According to McDan who is a well-known businessman, when it comes to business he does not let politics play into it

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Board Chairman of the Ghana International Trade Fair Company, Mr Daniel McKorley, popularly known as McDan, has revealed that the existence of the $10-million printing press owned by Raymond Archer was a blockage to a billion-dollar investment.

According to him, the investment was supposed to be from South Africa.

Speaking on Metro TV’s Good Evening Ghana, McDam said apart from Archer’s printing press his investment stalled a billion-dollar investment.

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“Should we stay in a country whereby a 10-million dollar is stalling a billion-dollar because when he is touched politics will be read into it.

According to McDan who is a well-known businessman, when it comes to business he does not let politics play into it

“I am a businessman and I am coming from different background; I don’t play politics but I was sent there to build that trade fair.

He added that the many investors were coming in to help build a convention centre and there should be no litigation issues attached to the land where they are going to be doing business.

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YEN.com.gh earlier reported that some factories and companies located around the Ghana Trade Fair Company Limited (GTFC) were razed down Sunday, February 16, 2020, at around 10pm.

The demolishing exercise is said to have ended around 12:00am.

According to eyewitnesses, two bulldozers and a team of armed police officers oversaw the destruction of structures and heavy industrial equipment.

One of the affected owners, Raymond Archer, who is the CEO of Universal Labels & Packaging Co. Ltd, as well as Colour Planet Limited has expressed shock and disappointment in the action of the GTFC.

He opined that the decision to destroy his business which employs over 120 people was a politically motivated one.

READ ALSO: Government demolishes factories at Trade Fair against court orders

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