The maiden edition of the Student Entrepreneurship Initiative (SEI); a youth centered and government driven program aimed at offering students within the tertiary space the platform to create and solve problems within society has been launched.
The initiative was launched by Vice President Dr. Mahamadu Bawumia at the Bank of Ghana auditorium in the University of Ghana.
Delivering the keynote address, on the theme: “Innovation and Entrepreneurship, Solution to Undergraduate Unemployment,”the Vice President reiterated the relevance of entrepreneurship in bolstering economic growth and development.
Additionally, he advanced initiatives and viable supports the Nana Akufo-Addo led administration has achieved and offered so far as a congenial entrepreneurial environment is concerned.
He further stressed of government’s commitment and support the Nana Akuffo Addo led administration has achieved so far as a congenial entrepreneurial environment is concerned
“The national Entrepreneurship and Innovative Plan (NEIP) launched by the His Excellency the President Nana Akufo-Addo is to provide an integrated national support for SME startups and small business.
NEIP aims at enabling new businesses to emerge and give them a space to grow. I know that just over the last two years, the NEIP has provided finance to 1350 start ups who have received between Ghc10000 to Ghc100000, and we want to double it”
The Veep furthered underscored the threat of over dependence on the extractive sector and called for critical thinkers and innovators to bring on board their creative work
“Ghana’s growth has relied mainly on raw material. We haven’t made much progress with regards to changing the structure of the economy thus as a result our job creation has been limited to this traditional parlance of exports and imports but the world of work is changing if we want to expand the production possibility frontier of the country.”
Aside the Student entrepreneurship initiative are other rewarding initiatives such as the presidential pitch, presidential business support programme among others all provided by the government to enhance entrepreneurship development in the country.
In attendance were the Minister of State in charge of tertiary education Hon. Prof Kwesi Yankah, Minister for Business Development Dr Awal Mohammed, Director of NEIP Mr John Kumah, Vice chancellor of the Host University Prof Ebenezer Oduro Owusu, staff and faculty of neighbouring tertiary institutions, students among others.
Story by: Yohaness Awunyo Kofi Kuvor|universnewsroom.com