Business News of Wednesday, 16 October 2019
The Ghanaian-German Centre for Jobs, Migration and Reintegration (GGC) in partnership with the International Labour Organisation (ILO), Ghana has organised a two-week training for budding entrepreneurs and individuals looking to start their own businesses.
The training dubbed ‘Start and Improve Your Business’ brought together 60 young entrepreneurs and individuals seeking to start their own businesses.
The business management training programme focuses on using business as a strategy to empower men and women entrepreneurs with the business skills they need to create more employment and achieve sustainable and inclusive growth.
Participants were taken through intensive packages which responds to several stages of business development.
These include enabling potential entrepreneurs to develop concrete business ideas, bankable business plans, improving plans in buying, stock control, record keeping, marketing, human resource management, business growth strategy, among others.
A key part of the training is the business game which is a practical simulation exercise to enable participants to understand the realities of starting and operating a successful business.
It is played during trainings where participants are linked to the real life of an entrepreneur and are challenged to plan, organize, produce, compete, negotiate and cooperate for ensuring good business results.
Head of the Ghanaian-German Centre, Benjamin Woesten stated that “we are happy to partner with the ILO in ensuring that the next generation of young business entrepreneurs get it right. We do this with the conviction that youth entrepreneurship is pivotal to their own economic independence and to an extent, dividends for Ghana’s economy. To get dividends, however, we must invest. This training is a testament of our commitment to employment promotion and job creation. One way to do this is to invest in the people who have and are demonstrating potential to employ others”.
On her part, the National Project Coordinator for ILO Ghana, Akua Ofori Asumadu encouraged the participants to put into practice what they had been taught.
She also assured them that the ILO and GGC will be engaging them from time to time to monitor their progress in their respective businesses and advise where appropriate. She also encouraged them to put into practice the decent work principle.