Chief Govt Officer of Crown Peak Holdings, Dr. Kobina Twee Auah, stated the enterprise surroundings in Ghana is difficult for entrepreneurs, noting that success on the continent relies upon extra on resilience and particular person drive than on help techniques.
In an interview with profession trajectory On Pleasure Studying TV and Pleasure Information, he in contrast the convenience of doing enterprise in several areas and argued that regardless of the alternatives, Africa has distinctive structural challenges.
“In fact, Ghana would not make it simpler for entrepreneurs to succeed. It is all relative. If you happen to evaluate it to Western nations, Ghana is a really troublesome place to do enterprise, however when you consider it within the African context, it is truly a fantastic place to do enterprise,” he stated.
He defined that his expertise educating and interacting with audiences world wide has formed his view of entrepreneurship in Africa, particularly when evaluating Africa to developed nations.
“I at all times say once I train at Harvard, Individuals have a saying, ‘If you may make it in New York, you may make it wherever.’ However I usually ask, do they actually perceive what they’re saying?” he famous.
“As a result of from my expertise, I strongly consider that if you are able to do effectively right here in Ghana, you possibly can definitely do effectively in New York. Folks underestimate how troublesome it’s to outlive on this continent. It is a very robust system,” he continued.
He added that not like in additional structured economies, entrepreneurs in Ghana usually function with out robust monetary help from public establishments.
“Banks do not give credit score simply. Go and discuss to your relationship supervisor, inform them you wish to begin a enterprise and see what occurs,” he pressured.
In accordance with him, this actuality makes Ghana’s entrepreneurship extremely depending on the character and resilience of people.
“So when you’re profitable, it is not as a result of the system helped you, it is due to your core values,” he stated.
Regardless of the challenges, Dr Auer praised the contribution of native entrepreneurs, particularly these within the casual sector, to the financial system.
“Ghana is filled with entrepreneurs, particularly ladies. Market ladies are the spine of our financial system. They put meals on our tables every single day. They’re a part of the casual sector and it is rather troublesome to get financial institution loans, but they proceed to function,” he praised.
Dr. Awua concluded that entrepreneurship in Ghana and throughout Africa must be acknowledged not just for innovation but additionally for its resilience within the face of institutional limitations.
