President John Mahama has restated his government’s commitment to developing the Entrepreneural abilities of Ghanaian youth.
He said the launch of ‘Adwumawura’, an Akan word which means “the job owner” is testament to this commitment.
“The Adwumawura programe, which we are launching today, is a flagship fulfilment of that promise I made in the campaign of 2024. The adwumawura programme is not a mere policy initiative. It is a declaration of faith in the extraordinary potential of the Ghanaian youth. It is our commitment to nurturing their ambitions and translating their ideas into thriving enterprises that will drive our nation’s progress. The adwumawura programme seeks to stimulate youth employment, entrepreneurship and innovation across key sectors of our economy,” he declared at the Prempeh Assembly Hall in Kumasi on April 28.
According to him, “Our goal is to create at least 10,000 Ghanaian youth-owned businesses every year over a 4-year period.”
He used the launch to throw light of the relevance of the programme to prospective and existing youth entrepreneurs.
“This initiative will provide business development training. So, if you have your business or you want to establish a business, you will be trained on how to a manage a business. A lot of businesses fail because the promoters of the businesses do not understand how to manage a business,” he said.
President Mahama added that, “The programme will also provide access to funding. Most young people have good ideas, but they don’t have access to capital. The programme will provide coaching and mentorship. And so, for some of those you saw on the documentary, these are young entrepreneurs who have already established their businesses and so when we help you under the adwumawura programme, we will assign you to one of these entrepreneurs who have experience in running a business to guide and support you so your business can also grow.”
“We will also provide technological support and access to equipment and machinery. Somebody establishes a business, but he needs some machinery to enhance his productivity, and he cannot afford the equipment. Adwumawura is there for you. To help you buy your equipment. Adwumawura will also help with market access and facilitation. You will get support in how to market your product so that you can grow your business. And we will also have 367 days a year of comprehensive business advisory services. Once you set up your business it does not mean Adwumawura will leave you like that. If you have any problem, you can always come back and describe what your problem is, and they will support you to go forward,” the President explained further.
He assured that, “These businesses will be selected, if your business is not selected this year, it may be selected next year,”
