Entrepreneurs or entrepreneurship has been dynamic with regards to changes in the way we live and work. Successful innovations improve standard of living and in addition to creating wealth with their entrepreneurial ventures, they also create jobs and the conditions for a prosperous society. Looking at the benefits of entrepreneurs and the success chalked by notable personalities in the country, it is however worrying that only 2% of students in Senior High Schools in Ghana want to become entrepreneurs after school.
Ghana’s Minister of Business Development, Dr Ibrahim Mohammed Awal revealed this when he was speaking at the launch of the Graphic Business Tertiary Business Sense Challenge. He described this development as worrying since it is in sharp contrast with what pertains in developed countries such as the United States and the United Kingdom where the majority of the youth venture into self-built enterprises after school.
“Only last year the ministry launched the Student Entrepreneurship Initiative (SEI) in second-cycle institutions across the country and we conducted a research to find out how entrepreneurial our young people were. But we realized that only two percent of young people in SHSs wanted to do business, while 68 percent wanted to work for the government,” he said.
“This contrasts sharply with what pertains elsewhere. In the US, 72 percent of young people in colleges want to be business people, while in the UK it is over 58 percent,” he added.
Meanwhile, Dr Awal added that about 120,000 students who graduated from the various universities in Ghana yearly were interested in public sector jobs. However, the government could employ only 10,000 out of that number.
He explained that this situation requires students to develop entrepreneurial skills.
Most university graduates in Ghana want to work as public servants because they believe their job is secured in the sector as compared to the private sector.
Others also believe a regular income is also much better than entrepreneurship where they may not have that.