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YOUNG GHANAIANS SHOULD TAKE ADVANTAGE OF AfCFTA: AKUFO-ADDO

General News

President Nana Addo Dankwa Akufo-Addo has charged young people in Ghana to take advantage of the African Continental Free Trade Area (AfCFTA) to create wealth and jobs for themselves.

President Nana Addo Dankwa Akufo-Addo has charged young people in Ghana to take advantage of the African Continental Free Trade Area (AfCFTA) to create wealth and jobs for themselves.

The President said that although the benefits of the single market will not come automatically, he has hope in the Ghanaian youth and his government will continue to create an atmosphere conducive to youth entrepreneurial development.

The President made this pledge yesterday at the second edition of the Presidential Pitch, held at the Mövenpick Hotel in Accra. The event focused on how to create an entrepreneurial climate to support young businesses.

Think like an owner

He noted that Ghana’s young men and women will be a positive force if provided with the right knowledge, skills and opportunities to contribute to the growth of a productive economy.

“The entrepreneurial mindset cannot be overemphasised,” President Akufo-Addo said. “Entrepreneurship is a vital component of economic growth and has been embraced globally as one of the most important drivers of development.”

The President said that governments all over the world have recognised the importance of developing entrepreneurial talent, which they believe is key to addressing the challenges of unemployment.

“It is for this reason that the National Entrepreneurship and Innovation Plan [NEIP] was established, to provide an integrated national support for early-stage start-ups and funding for youth businesses,” he said.

Out of the estimated 250,000 young men and women thrown annually on to the job market, the formal sector is able to absorb only 2 per cent, the President said.

Entrepreneurial passion

President Akufo-Addo said the Presidential Pitch seeks to deepen entrepreneurial passion among Ghanaian youth by incubating ideas leading to opportunities in business and enterprise.

He reminded young Ghanaians that these ideas must be innovative, feasible, impactful and scalable.

“[NEIP] is a continuing demonstration of the government’s commitment to provide seed capital for some of the enterprising youth to enable them to run successful businesses,” he said.

Emily Otoo-Quaryson and Matilda Sampong emerged winners of this latest Presidential Pitch, with a prize package of GHC100,000, beating off competition from nine other young entrepreneurs.