The Government of Ghana through the Ministry of Business Development has invested an amount of Ghȼ3m into the maiden edition of the Campus Business Pitch which is aimed at stimulating the entrepreneurial mindset of young people in Ghana.
The initiative under the theme ‘Nurturing Tomorrow’s Business Giants Today’ was yesterday 8th October launched in Accra, this entailed entrepreneurship contests within and among University campuses all over the country.
Speaking at the launch, the Chairman for the occasion the vice chancellor of University of Ghana, Prof. Ebenezer Oduro Owusu noted that, the Ministry under the leadership of Hon. Dr. Ibrahim Mohammed Awal has been instrumental in promoting private sector investment nurture and sustain businesses in the country.
He added that the pitch will enable participants to gain insights for their businesses, learn how to pitch to investors, interact with stakeholders, and test their business in the real world.
Professor Ebenezer advised that entrepreneurs who have started a good business should also assist participants learn how to build and work with teams, and the importance of leveraging their strengths and those of others on a team.
Touching on challenges that entrepreneurs face, Professor Owusu said: “In Africa, entrepreneurs continue to face challenges that hinder their efforts – which include a lack of access to funding, support services, skills training and infrastructure, as well as administrative barriers”.
Dr. Ibrahim Mohammed Awal in his address noted that, Government is ready and willing to support the competitors from idea-stage to the implementation stage of their businesses, and urged the students to be innovative and focus on building sustainable businesses.
He said: “We want students to give us compelling, innovative and bankable business proposals, because we will fund them
See yourself as global citizens and not just in Ghana. See yourself as part of the 1.2 billion global citizens in Africa”.
Dr. Awal advised that the continental free trade area provides an opportunity for a US$3.3billion Investment into Africa, and therefore this must be seized and used to their advantage.
He encouraged women, especially, to take advantage of the funding made available for their businesses, “because ladies turn out to be the most successful business people in this country, so I want to see more women in this Pitch”.