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    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Pensioners to picket at Finance Ministry over DDE

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    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

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    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

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    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

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    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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#CitiBusinessFestival: Training on entrepreneurship should begin from SHS – Yofi Grant

June 7, 2021
in Banking And Finance, Local Economy, Top Stories
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The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, believes one of the ways to raise more entrepreneurs within the Micro Small and Medium Enterprises (MSMEs) sector is for the government to empower the youth through skills training right from Senior High School.

Speaking on the on-air series of the ongoing Citi Business Festival, Mr. Grant on Monday, June 7, 2021, said this will give rise to marketable entrepreneurs in the future.

“How do we help SMEs to thrive? There is no magic wand. Our banks would help if they could. Unfortunately, our banks are very small. They are not large enough to support an economic transition. And so, we need to ensure that, right from secondary school, we start teaching people concepts of how to grow their business and manage it.”

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“At the end of the day, when you learn to do things right and your product meets the needs of the market, it’s easier to grow your business. When you are able to demonstrate that, you have the market waiting, the banks will support you, some will even come chasing after you,” he explained.

He also recommended inclusive partnerships at the global and regional levels as an effective way to sustain the country’s MSME sub-sector.

“For us as a country, there are two SDGs that are paramount to our development, one of which is SDG 17, which is partnerships and linkages. Partnerships and linkages are things that brought Dubai to this level. Today, the Dubai economy is basically held by Emirates, but they have given themselves time to learn and understand how things work, and they gradually took over.”

His discussion centered on: “What Micro, Small and Medium Size Enterprises need to know about doing business in Ghana”.

About the Citi Business Festival

The Citi Business Festival is an extensive program of business events and on-air activities providing inspiration, business ideas, and information to persons who are starting, building, or growing their businesses.

This year’s edition is hinged on five thematic areas, namely:

Week 1: Digital Economy – Building a cashless society and the opportunities for business and job creation.

Week 2: Doing business in Ghana.

Week 3: AgriBusiness – Feeding Ghana with a sound import substitution strategy.

Week 4: Trade – AfCFTA: Opportunities for investment & Job creation in Ghana.

Week 5: Oil and Gas – The opportunities for indigenous businesses.

There will be virtual business fora live on Citi TV every Tuesday from 11:00 am to 1:00 pm for the entire month.

The radio on-air series, from Monday to Thursday on the Citi Breakfast Show, is themed to correspond with the virtual fora.

The Citi Business Festival is sponsored by Absa Bank with support from IT Consortium and Ghana Investment Promotion Centre (GIPC).

It is also powered by Citi FM, Citi TV, and Ghana’s most comprehensive business news website, www.citibusinessnews.com.

Source: Edna Agnes Boakye / citinewsroom.com
Tags: Absa BankCiti Business FestivalGIPCIT Consortium
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