On Monday, November 13th, the Global Entrepreneurship Network- Ghana (GEN) with support from the British Council and the Ministry of Business Development marked the 10th Global Entrepreneurship Week with a town hall event on the art of entrepreneurship at the University of Ghana Business School.
This is an annual event which is dedicated to inspire millions of people from more than 165 countries through local, national and global activities. The theme for this year’s event is “It’s Possible, Just Do It”.
The programme was launched by the Minister for Business Development, Hon. Ibrahim Mohammed Awal. He was joined by the Vice Chancellor, Prof. Ebenezer O. Owusu and the Dean of the University of Ghana Business School, Prof. Joshua Yindenaba Abor.
Prof. Joshua Yindenaba Abor in his welcome address indicated that “The business school has over the years played an important role in shaping the business sector of the Ghanaian economy by providing management education, thus invariably, influencing many management leaders today”. He also stated that entrepreneurship has been one of the key areas the school focuses on.
His address was followed by a speech from the Head of Global Entrepreneurship Network - Ghana, Mr. Stephen Gyasi Kwaw. Mr. Kwaw mentioned that entrepreneurship is recognised as a vital ingredient in economic development and an engine for private sector growth and diversity. It plays a role in capital formation and the creation of employment as well as the reduction in concentration of economic power. “As Ghana moves towards a more private sector oriented economy, there is a need to encourage and support entrepreneurship.” He added.
Prof. Agyei-Mensah, provost of the College of Humanities also in his address commended the Business School for their support towards the the initiative. “Entrepreneurship is a step beyond running your own business.” He said. He also stated that he shares the view of the entrepreneurial agenda.
“The University is taking bold steps to take entrepreneurship to a new height by dedicating a unit to that discipline and roll out programmes…”, the Vice Chancellor of the University of Ghana, Prof. Ebenezer O. Owusu, noted in his speech. He also commended the government for taking steps to advance entrepreneurship in Ghana by instituting the National Entrepreneurship and Innovation Plan with a seed fund of 10 million USD.
The Minister for Business Development, Hon. Ibrahim Mohammed Awal, called on the leadership of the University of Ghana and the Business School to encourage deeper collaboration between academics and industry. He suggested that “Businesses should help, at least, 10 business young men and women every year.”
Mr. Kenneth Thompson, CEO of Dalex Finance, Mrs. Adwoa Agyeman, Operations Director of MBC Africa, and Mr. Godfred Obeng Boateng, Founder of A1 Bakery were the three business moguls who held a discussion about issues regarding entrepreneurship, specifically in the areas of funding, management, operations, and team building.
“There is a lot of pressure on young people to become entrepreneurs but do not pressure yourself.” Mr. Thompson told students gathered at the event in response to a question about the increasing rate of unemployment.
Mrs. Adwoa Agyeman, speaking on team building and human resource, advised that entrepreneurs should hire people with different and better skill set that can complement them.
The founder of A1 Bread, Mr. Godfred said that most people forget that most businesses started unconventionally, and so when they have an idea, they should take bold steps to materialise it, however, when it fails, they need not give up, instead they must learn from the mistakes. “They should not be too proud to ask for help.” He added.
The Global Entrepreneurship Week (GEW) which took place from 13th to 19th November 2017, is the world’s largest gathering of innovators and entrepreneurs who launch start-ups that bring ideas to life, drive economic growth and stimulate socio-economic development.
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