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Ghana @ 62: Assessing the country’s journey so far
Ghana is celebrating her 62nd Independence Day today themed; Celebrating Peace and Unity. Arnold Sarfo-Kantanka, MD and Chairman of Future of Ghana joins CNBC Africa from Ghana to assess the country’s journey so far and her growth opportunities in the future.
Wed, 06 Mar 2019 11:36:12 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Ghana's openness to foreign investment and collaboration has attracted global leaders and demonstrated the country's potential for partnership.
- Youth unemployment remains a significant challenge in Ghana, highlighting the need for a more robust ecosystem to support young entrepreneurs.
- Individual action is crucial in complementing government efforts to encourage youth entrepreneurship and create opportunities for growth.
Ghana is celebrating its 62nd Independence Day today under the theme 'Celebrating Peace and Unity'. A time of reflection and appreciation, the festivities are taking place in Tamale this year, with the atmosphere filled with jubilation and happiness. Arnold Safo-Katanka, the Managing Director and Chairman of the Future of Ghana, joined CNBC Africa to assess the country's journey so far and the growth opportunities that lie ahead.
Reflecting on Ghana's progress over the years, Arnold highlighted the country's openness to foreign investment and collaboration. In 2018, Ghana welcomed several global leaders including the German Chancellor, French President, and the First Lady of America, showcasing the country's potential for partnership and investment. However, despite the influx of foreign direct investment, Arnold pointed out that there are challenges in ensuring that the benefits reach the average citizen, with fiscal issues affecting the local currency. He expressed optimism that these challenges will stabilize in the coming months.
Addressing the issue of youth unemployment and participation in governance, Arnold emphasized the critical importance of empowering the youth. With 60% of the African continent's population under the age of 25, youth unemployment remains a pressing issue that needs to be addressed. While the government has introduced initiatives like the National Employment Innovation Plan to support young entrepreneurs, Arnold stressed the need for a more robust ecosystem that provides access to mentors, financial professionals, and resources to foster innovation.
When discussing the government's strategy to encourage entrepreneurship among young people, Arnold acknowledged that more can always be done. He emphasized the global nature of youth unemployment and highlighted the role of initiatives like the Future of Ghana in creating a support network for young entrepreneurs. By connecting pioneers across the world and providing access to intellectual capital, the Future of Ghana aims to supplement government efforts in supporting youth entrepreneurship.
In conclusion, Arnold underscored the importance of individual action in complementing government initiatives. While acknowledging the government's role in fostering economic growth and creating opportunities, he emphasized the need for individuals to take ownership of their future and cultivate their own networks for support. As Ghana commemorates 62 years of independence, the focus remains on celebrating progress, addressing challenges, and fostering a conducive environment for youth entrepreneurship.
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