An Entrepreneurship Fair for young entrepreneurs has been organized by CAMFED Ghana in Tamale, in the Northern region.
The trade show aims to provide a venue for current and potential clients and customers to conduct business as well as a chance for young women to showcase how they have used their resources to expand their businesses.
At the entrepreneurship fair, Sally Ofori Yeboah, the national director of CAMFED Ghana, revealed that the organization is implementing a transition program titled “Enable Young Women to Transition from School to Entrepreneurship, Further Study, and Transformative Leadership in Ghana” in collaboration with the MasterCard Foundation.
The Scholars Entrepreneurship Fund is another business strategy we’ve used (SEF). The MasterCard Foundation and CAMFED came to the conclusion that young people would need to create their own economic opportunities while creating employment opportunities for others given the lack of job opportunities available to them.
Therefore, the SEF was created to offer funding to graduates and scholars who have business ideas that are both profitable and socially beneficial. Beneficiaries will start receiving up to USD 4,000 in additional funding in 2019 to launch or scale their initiatives, positioning them as catalysts for others’ economic opportunities and empowering them to become transformative leaders.
According to her, CAMFED has offered a variety of support to young women looking to launch new businesses or expand their current ones since the program’s inception.
“We have given 36,052 young women start-up kits and grants to help them run their businesses. Additionally, we have trained about 16,000 entrepreneurs in business management and about 2,700 young women in TVET fields that are dominated by men, like IT, building and construction, welding and fabrication, and electrical. With the help of district-level enterprise structures like District Business Committees, Business Mentors, and Business Facilitators, as well as partnerships with organizations like the Food and Drugs Authority, Ministry of Food and Agriculture, and Ghana Enterprises Agency, we were able to successfully create over 89,856 jobs.
According to CAMFED Ghana’s National Director, their enterprise development program is intended to have an impact on businesses, families, communities, and systems to enable a better business environment, particularly for underprivileged rural women.
The Northern Regional Minister, Shani Alhassan Shaibu, praised CAMFED for giving the young entrepreneurs a platform to display their assortment of goods while also giving the participants visibility and a network.
He claims that through the years, CAMFED has made a significant contribution to eradicating poverty and addressing inequalities through women’s empowerment and girls’ education.
“We can all, therefore, say for a fact that CAMFED has done tremendously well and continue offering its support. I am also reliably informed that, thanks to the collective efforts of their stakeholders, young women are receiving support for their various businesses across 36 operational districts across the country, which is very commendable. Today, as we gather here, these young entrepreneurs are showcasing their products.”
He stated that women entrepreneurs provide greater inspiration for other women to start and grow their businesses while also creating networks among themselves, which aids in the reduction of gender gaps in the workforce as well as youth unemployment.
“The future generation of women is likely to follow and mirror the successes of their fellow women as they see it as their source of motivation. It will eventually contribute significantly to lowering the region’s and the nation’s unemployment rates. CAMFED has carried out its part in educating and supporting these young women and it’s time for them to rise and shine.”