A study conducted by a communicationss consultancy firm, Djembe Communications, in partnership with a research group, Forbes Insights, has reiterated the need for Ghanaian authorities to tackle the country’s unemployment.
The report has revealed that 50 per cent of 1,000 Ghanaian respondents in the survey, considered job creation as the most important concern of policy makers.
It identified corruption, lack of access to capital, government policies, lack of business infrastructure and inadequate education system as the leading barriers to entrepreneurship in the country.
The study, which was launched by the Managing Director of Djembe Communications, Mr. Mitchell Prather, in Accra on Tuesday, had university and senior high school students, made up of two-thirds of men and a third being women, as respondents.
The report titled “Job creation in sub-Saharan Africa: Entrepreneurs, governments, innovation,” captured the views of 4,000 sub-Saharan African students aged 16 to 40 in Angola, Ghana, Mozambique and Nigeria.
According to the report, 85 per cent of the respondents preferred to start their own businesses instead of working for organisations.
Forty-four per cent of the Ghanaian respondents considered technology as key to job creation, while those who preferred education formed 35 per cent.
The report indicated that technology topped the drivers of job creation for young people in the next five years, recording 44 per cent with education, entrepreneurs, government and foreign investments recording 35, 33, 31 and 23 per cents respectively.
Fifty-three per cent of the respondents said entrepreneurs, were in better positions to create jobs, better than government, foreign corporations, small and medium companies and infant companies.
Agriculture and agribusiness topped the sectors that would create more jobs for young people over the next five years.
Mr Prather said the research presented a message to African leaders to adopt strategies to address the concerns of the respondents, including unemployment, for a sustainable economic development.
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mrs. Mawuena Adzo Trebarh, said that GIPC partnered other companies to showcase Ghanaian products on the international front.
The Chief Executive Officer of UT Bank, Mr. Prince Kofi Amoabeng, commended government for passing the local content bill, to empower more Ghanaians in the oil and gas sector.
By Julius Yao Petetsi & Abigail Annoh