Fix Missing Link In Entrepreneurial Development - Chief

A traditional ruler, has underlined the need for the Ghana to critically re-assess and identify the missing links, making it difficult for young people to create successful businesses.

Nana Owusu Ansah Sikatuo, Paramount Chief of Morso, said there was no doubt that the country was full of potential entrepreneurs, and that what was needed was to fashion out appropriate strategies to harness these potentials.

It is important to aid the people to build their capacities, give them the needed incentives and support to operate their own businesses.

Nana Sikatuo made the call at a national entrepreneurship seminar organized by the Ghana Investment Promotion Centre (GIPC) and the Youth Enterprise Support, for young people in Kumasi.

“Building Entrepreneurial Economy,” was the theme, and formed part of the drive by the GIPC to fight poverty and joblessness.

The Paramount Chief expressed worry about  the situation where many a young people were engaged in petty trading on the streets, pavements and lorry terminals to eke out a living.

There is every indication that these people are ready and prepared under various conditions to cater for themselves and their families.

He called for a national strategy to build the competencies and entrepreneurial skills, to shift from petty trading  to business ventures to improve their lot.

Renowned international researcher and coach of entrepreneurship, Larry Farrell, said the new age of entrepreneurship was to inspire young people to take control of their destinies.

He said the best way for any nation to survive was to create avenues that would make it easy for people to identify and exploit their potentials to develop themselves.

Mr. Farrel, therefore, encouraged governments in developing countries to make start-up capital accessible and available to would-be entrepreneurs.

Mrs. Mawuena Trebarh, Chief Executive Officer of GIPC, said the seminar was part of the centre's national campaign to support efforts to push both foreign and local investments in Ghana.

It was also to increase the supply and management of young entrepreneurial skills, especially in the manufacturing sector, to boost the economy.