The Ministry for Business Development in collaboration with the Ministry of Education and University of Ghana Business School has in Accra launched the tertiary edition of the School Entrepreneurship Initiative (SEI). SEI is a Government policy aimed at building an entrepreneurship policy mindset among students at the Senior High and tertiary levels.
Speaking at the launch, the Vice President of the republic of Ghana, Dr. Alhaji Mahamudu Bawumia who was the guest of honor for the event urged students to make good use of the emerging entrepreneurship programs landscape in Ghana to help curb challenges of youth unemployment in the country.
According to him, the strong resilient growth in the Ghanaian economy requires the urgent need to promote creative minds and problem solvers as a strategic tool to address unemployment challenges for national development.
The Vice-President indicated that, when given the opportunity and provided with the necessary skills and knowledge, up and coming entrepreneurs can be a positive force for development in Ghana.
“These days, learning and self-drive enterprises are made even much easier with the advent of the internet, execution of knowledge and with its limitless learning opportunity”, Dr. Bawumia added.
He noted that, industrialization strategies and initiatives under the current enterprise development dispensation should serve as a platform to tap into the dynamic and youthful entrepreneurs of Ghana.
Inline with the vision of President Akufo-Addo, he said the Ministry of Business Development together with the National Entrepreneurship and Innovation Plan (NEIP) are providing an anti-grated National support to early stage startups and small-scale business focusing on provision of business development services, business incubators and funding for youth own businesses.
“You are the future leaders of our great nation Ghana. Embracing entrepreneurship will not only help you develop alternative job opportunities, but will go a long way to increase the rate of business formation with its attendant job and wealth creation,” he added.
Dr. Ibrahim Mohammed Awal, the Minister for Business Development said his ministry’s doors are always open and available to offer the needed support to the youth with brilliant business ideas that can compete globally.
He said, the SEI program since offered 4,000 students startup support, and was hoping to increase the number to 20,000 by close of next year.
Dr. Awal challenged the Business School to present 100 students with bankable business proposal for support from his ministry each year.
“The Government wants to build an ecosystem, create an environment where young people take advantage of it, please take chances and dare. When you fail, do not be despair, failure is part of business”, he added.
The Minister of state for Tertiary Education, Hon. Professor Kwesi Yankah, said the Ministry of Education, over the past two years has been preoccupied with drawing up policies on the role of education in achieving the President’s vision of a country beyond aid.
Additionally, he said there has since been collaboration between Ministry of Education and the Ministry of Business Development, as well as the restructuring of the National Service Scheme, and other youth-focused programs created to expose graduate students to aspire to be entrepreneurs.