The Ministry of Business Development and the Chamber Institute for Business Creation and Development, have signed an agreement for the development of a training programme to promote and support entrepreneurship in the country.
The GH₵30million agreement will train up to two thousand entrepreneurs in the areas of finance, markets, networking among others, the training will commence in March 2019.
Speaking to Citi Business News, Minister for Business Development, Dr. Mohammed Awal stated the agreement is aimed at reversing the trend in which seventy five percent of SMEs in the country collapse after only five years of operations.
“The problem in Ghana is that seventy five percent of all businesses collapse after only five years of operation and that is not good, Ghana cannot move beyond aid with such a trend so we are hoping that with this training programme that will no longer be the case,” he stated.
He added, “It’s a long-term program to build young people who are confident and competent of moving Ghana beyond aid. We will train trainer of trainers who will subsequently train others across the regions.
On her part, the Spanish Ambassador to Ghana, Alicia Rico stated that Spain is working to reinforce cooperation with Ghana to promote the country’s policy of Ghana beyond aid and also introducing companies that can take part in government’s industrialization drive.
“It is to offer training for entrepreneurs to set up business and search for adequate financing for the creation of jobs and wealth. With this cooperation, we want to contribute to the Ghana Beyond Aid agenda. Ghana has a very entrepreneurial spirit and this will benefit the country,” she said.
The Institute for the Creation and Development of Enterprise (INCYDE) Foundation is an institution of the Chambers of Commerce with headquarters in Madrid, Spain.
INCYDE Foundation specialises in the development and promotion of the entrepreneurial mindset, bringing about improvements to the qualifications of entrepreneur, creating and consolidating companies. They also have the necessary methodology, technical equipment and material to enable them to develop Training Programs in the field of entrepreneurship.
The parties seek to boost and encourage the participation of young people, workers and unemployed individuals in programs that contribute to their training and professional development. This is done in such a way that will enable them to adapt to new demands of the job market and lead to the achievement of enhanced livelihoods and sustainable development.
By: Anita Arthur/citibusinessnews.com/Ghana