Entrepreneurship In Ghana
The challenge in a start-up is that you always have to spread your wings pretty far to see what will work.
Michael Dell (1964 - )
U.S. business executive.
To discover the very root of the Ghanaian economy, one needs to take a very critical look at the various businesses or ventures that are being operated by Ghanaians. Most Ghanaians operates small businesses in other to survive. Aside the Public Sector, the working force of the private sector is highly dominated by these entrepreneurs (small scale businesses).
In Ghana, the unemployment rate can easily be dealt with if most of the available resources are channel towards entrepreneurship. Over the years, seminars, conferences and workshops has being held to boost the morale of entrepreneurship among young people without tapping the very unique ideas of these people.
One main problem that runs through all business challenges in Africa is the lack of capital of which Ghana is of no exception. In as much as I seriously disagree with this fact, I believe strongly that the problem can be attributed to the wrong appropriation of funds, ignorance and national fear for risk taking.
It is very obvious that, most sponsorship received from foreign donors are channeled towards equally important issues with little or no support for Entrepreneurship. Although they are good, we can not ignore the fact that after all these things has being done, once inability to afford the very basic needs of life may be as a result of low income because of unemployment with its associated problems. In the land of the blind, the person with an eye becomes the King. So to say that Ghana without Entrepreneurs has no future. The greatest risk of channeling resources into Entrepreneurial activities must be adopted to materialize the very ideas and inventions that are lying idle in the souls of Ghanaians.When individuals are making progress with their own businesses and on the other hand performing their corporate responsibilities, I think it will in the long run reduce the unemployment rate and solve some of the problems associated with unemployment situations in Ghana. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies. In the developing world, successful small businesses are the primary engines of job creation, income growth, and poverty reduction.
The Bill Gates, Michael Dell, Ofori Attah, Amoabeng and many others in Ghana are the very ones we can boast of as entrepreneurs of today, of which their contribution towards national development is indisputable.
To conclude, government support for entrepreneurship is a crucial strategy for economic development which needs to be unveiled. “A deadly sacrifice brings about lively returns” by
Nathan Adjetey Adjei
Former Project Director
African Young Entrepreneurs.
AIESEC-Legon, Ghana.
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