Unlock Success in Ghana: This Lebanese Speak on Why Foreigners Own Ghana's Biggest Businesses While Ghanaians Complain - Mr Fouad Chalabi

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Recorded25 Sep 2026

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What if the biggest reason Ghanaians struggle to build bigger businesses isn’t foreigners, the government, or the economy - but the way we think about business? In this powerful episode of Konnected Minds, Derrick Abaitey sits down with Mr. Fouad, a Lebanese-Ghanaian entrepreneur who has spent decades building businesses in Ghana and working in the telecommunications industry. From why foreign companies often trust expatriate managers, to the uncomfortable question of why some Ghanaian businesses struggle to scale, collaborate and compete, this conversation challenges some deeply held beliefs about business in Ghana. Mr. Fouad also shares the story of how he developed Unit Transfer, an early telecom innovation that allowed customers to transfer airtime in small denominations - an idea he believes helped lay some of the groundwork for the mobile money ecosystem that followed. He reveals what happened when his company became a major distributor of MTN’s business, why he believes competition matters, and what entrepreneurs can learn from the experience. Guest: Fouad Chalabi LinkedIn: https://www.linkedin.com/in/fouad-chalabi-3b34682/?isSelfProfile=false ━━━━━━━━━━━━━━━━━━━━━━━━━━ 🎙️ ABOUT THE HOST Derrick Abaitey is a Ghanaian entrepreneur, podcast host, and personal development advocate. IG: https://www.instagram.com/derrick.abaitey Web: https://abaitey.com/

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