Universities in the country have been urged to train and produce entrepreneurs who can contribute to the growth of the Ghanaian private sector. This was said by Dr John Kofi Mensah, Managing Director of adb Bank.
He said entrepreneurship is widely considered as the backbone of the private sector, creates jobs and provides a tax base for local government. Therefore, there is a need for the country to have more entrepreneurs to help in the country’s economic development.
Dr Mensah made the appeal at the Ghana Technology University College’s (GTUC) 19th congregation on the theme: “Promoting Entrepreneurship and Business Growth in Ghana: The Role of Tertiary Education”.
Dr Mensah, who was the Guest Speaker at the event, said it is not enough to receive formal education alone, therefore graduands should acquire values such as honesty, team spirit, commitment and respect, adding that, “these are very important attributes to help you be the entrepreneurs our nation requires to foster business growth”. He urged them to take advantage and constantly monitor trends in government’s policies to easily identify new opportunities.
Dr Mensah also cautioned graduands of the challenges ahead of them on their entrepreneurial journey; stating that, for their training to be meaningful, they must prepare to exhibit versatility and creativity, to take control of their own future and space.
Professor Isaac Abeku Blankson, Vice President of GTUC, also tasked them to challenge themselves in many ways to succeed and as well create their own start-up businesses by identifying the everyday needs and problems of society.
He said entrepreneurship is recognized as a critical economic development strategy for job and wealth creation; stating that, in recent times no nation or economy can ignore the contributions of tertiary education to the human capital development of its workforce.
“As a graduate you have been equipped and empowered to be free thinkers. Do not limit yourself by being dependent on government to provide you with jobs”, he added.