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Govt launches Students Entrepreneurship Initative in Accra

An entrepreneurship initiative aimed at exposing students at the tertiary level to business concepts to enable them develop entrepreneurial mindsets have been launched in Accra.

The Students Entrepreneurship Initiative, launched by Vice President Dr Mahamudu Bawumia yesterday, is a project under the auspices of the Ministry of Business Development.

It seeks to, among other things, identify students with entrepreneurial potential and expose them to business concepts to empower them to develop products and services.

Vice President Bawumia urged students to take advantage of the programme to develop entrepreneurial skills to prepare them to be successful entrepreneurs in future.

He expressed the government’s commitment to introduce more of such programmes to prepare students with the skills to build their own businesses in future 

With the growing rate of unemployment in Africa, he said it would be beneficial for the country to develop young people with entrepreneurial mindsets and advised the students to take advantage of the opportunities created by the government to enter the world of entrepreneurship.

 “Look around your environment and try to create something people will be willing to pay for. Solve a problem and you will be rewarded for it,” he advised

Vice President Bawumia touched on the National Entrepreneurship and Innovation Plan (NEIP) and added that the primary focus of the plan was to provide business development services, including startup incubators and funding for young businesses 

He said 1,350 startups had received between GH¢ 10,000 and GH¢ 100,000 under the NEIP 

The Minister of Business Development, Dr Ibrahim Mohammed Awal, said the SEI formed part of government’s efforts to reduce the rate of unemployment in the country.

He said under the SEI at the tertiary, entrepreneurship clubs would be formed, with the introduction of competitions in the tertiary institutions.

Students with the best ideas and innovations would be given financial assistance and benefit from mentorship programmes by global business giants.

BY YAW KYEI

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