Ghana recently announced a new initiative aimed at supporting youth entrepreneurs — a timely move, considering the country’s rising unemployment and growing startup interest. Launched by President John Mahama, the initiative, called the Adwumawura Programme, seeks to equip young people with funding, mentorship, and practical business support. But this isn’t just a local development — it reflects a broader truth: entrepreneurial support programmes are essential infrastructure for economic resilience.
In Ghana, every year, tens of thousands of graduates enter a job market that cannot absorb them. In 2023 alone, more than 100,000 tertiary graduates were estimated to be unemployed six months after completing school.
What Makes Support Programmes Work?
The newly launched national programme in Ghana aims to support young entrepreneurs through funding, mentorship, and business development assistance. If implemented effectively, it could help solve key pain points common in emerging ecosystems:
- Lack of access to early-stage capital
- Weak mentorship and support networks
- Limited exposure to markets and customers
These are not Ghana-specific issues. Founders in Nairobi, Lagos, Accra — or even São Paulo and Karachi — often echo the same challenges. What makes the difference is the presence of intentional, well-funded, and data-backed support systems.
Global Lessons That Ghana and Others Can Learn From
Across the world, countries that invest early and consistently in entrepreneurship reap long-term benefits:
- Chile’s Startup Chile has supported over 1,600 startups since 2010, catalysing a wave of homegrown and foreign ventures while creating thousands of jobs.
- Nigeria’s Tony Elumelu Foundation has disbursed $100 million to African founders, helping many scale beyond their local markets.
- Rwanda’s Irembo and Andela’s early days in Nigeria show how targeted programmes can help build globally competitive tech talent pipelines.
Even in advanced economies, government and private sector partnerships drive ecosystem growth. The UK’s Innovate UK, Canada’s IRAP, and Singapore’s Startup SG all provide structured funding and advisory support for new ventures.
Avoiding the Pitfalls
Programmes in many developing countries struggle not because of bad intentions, but due to poor execution and lack of continuity. Here’s what needs to be done differently:
- Make the initiative politically neutral so it outlives administrations.
- Partner with existing innovation hubs and private accelerators — don’t reinvent the wheel.
- Set clear KPIs: jobs created, businesses scaled, external capital raised.
- Be transparent about selection processes and outcomes.
According to a 2023 World Bank report, every $1 spent on structured entrepreneurship support yields up to $7 in economic returns when designed with impact in mind.
Final Word
Whether you’re in Ghana, Tunisia, India, or Brazil, the truth is the same: young people have ideas. What they need is a clear path to build and scale them. Entrepreneurial support isn’t charity — it’s smart economics.
In an era where resilience and innovation are key to national growth, the countries that invest in their builders will lead the future.
Written by:
David Nii Armaah
Researc Analyst & Industry Voice
About the author:
David Nii Armaah is a top-tech Researcher and an Industry voice. He possesses the analytical skills of an applied researcher and expertise in data, technology, innovation, and digital entrepreneurship.
Connect via LinkedIn: https://www.linkedin.com/in/david-nii-armaah-7bbba8155/
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
