Stakeholders Meet in Accra to Address Challenges Facing Youth-Led Businesses in Ghana
Key players in Ghana’s entrepreneurship space gathered in Accra for a stakeholder dialogue focused on the growth of youth-led enterprises and the challenges they face beyond the early stages of development.
The event, held at the Alisa Hotel, was organised under the British Council’s Innovation for African Universities (IAU) programme. It brought together government officials, university representatives, private sector players, financial institutions, and young entrepreneurs.
Discussions were guided by new research conducted by the University of Ghana Business School (UGBS) Innovation and Incubation Hub. The study examined 47 youth-led businesses that have benefited from British Council-supported programmes.
Findings from the research showed that while many young entrepreneurs are gaining the right skills and are able to start businesses, very few are able to grow and expand. Many of these businesses struggle with low revenue, limited job creation, and difficulty entering larger markets.
One major issue highlighted was the gap that exists after incubation. While several programmes support young people to start businesses, there is little support to help them scale up. Limited access to funding and weak connections to industry were also identified as key barriers.
The dialogue focused on practical ways to address these challenges. Stakeholders discussed how to support businesses beyond training, improve access to finance, and create stronger links between entrepreneurs and the market.
Another key area of discussion was strengthening collaboration between Ghana and the United Kingdom. Participants explored how partnerships can move beyond training and lead to real business growth and expansion.
The programme also featured a panel discussion with a researcher, a young entrepreneur, a private sector representative, a financial institution, and a policy maker. Each shared their perspective on the gaps in the system and what needs to change.
Organisers say the dialogue is expected to guide future programmes and policies aimed at helping young businesses grow, create jobs, and contribute more to the economy.
