It’s not all about the money, be disciplined
Access to finance is not the major challenge for companies, Kosi Yankey
Entrepreneurs need a change in mindset to thrive, GEA Boss
Government to implement YouStart program to boost entrepreneurship
Ghana Enterprise Agency Managing Director Kosi Yankey Ayeh said accessing funds is not the only challenge facing Ghanaian businesses.
She explained that while this cannot be minimized, entrepreneurs need to be disciplined and change their mindset in order to be able to thrive in their businesses.
According to her, the availability of the market to sell plays a major role in the growth of the company. She was speaking on PM Express Business Edition on the JoyNews channel.
“There is a need for market access, because if you have access to the market and you are able to sell your products, you have financing to be able to inject into your business so that you may not have to not to be returned to a bank. or a financial institution, so it is necessary to have access to market channels and yes, access to finance is good, but quality access to finance and the type of finance, ”she noted.
Ms. Ayeh mentioned technical assistance as the key to equipping businesses with the required skills. She believes, however, that discipline on the part of entrepreneurs will help them keep proper records of their finances.
“And there is also another that comes from the side of the entrepreneur, which is discipline, it takes a lot of discipline to be able to build businesses. It’s important that we have a huge shift in mindset in terms of what you do and how you approach the work you do ”.
The Minister of Finance, Ken Ofori-Atta, during his presentation of the 2022 budget announced the establishment of the YouStart Initiative to create an entrepreneurial spirit among young people.
The program will be implemented by the government through the Ghana Enterprise Agency, the National Entrepreneurship and Innovation Program and other financial institutions.
According to the minister, this will create 1 million jobs for young people in Ghana.