UKGCC workshop explores policy gaps hindering startup growth in Ghana

The UK-Ghana Chamber of Commerce (UKGCC) has completed its Grand Challenge Programme workshops in Kumasi. Policymakers were urged to implement urgent reforms for innovation and entrepreneurship in Ghana.

The event took place at Kwame Nkrumah University of Science and Technology (KNUST). Its goal was to develop solutions for challenges in agriculture and energy sectors.

Innovators and industry experts gathered to discuss strategies for a better business environment. Notable attendees included Mawuli Kobla Amedofu from DEXT Technologies, Prof. Joseph Oppong Akowuah, Dr. Gifty Boakye Appiah, Franklin Eshun from Ghana TVET Service, and Dr. Makafui John Bedzra from KNUST College of Engineering.

Participants engaged in a live pitch session where over 15 ideas received feedback. Masterclasses on Intellectual Property, Investor Readiness, and Commercialisation were also held.

The workshop's theme was “Policy as an Enabler for Creating an Innovation-Friendly Environment.” It aimed to address barriers to entrepreneurship and promote systemic changes for business growth.

Franklin Eshun noted that young people often lack urgency in pursuing innovation. He attributed this to a comfortable environment where basic needs are met.

He stated that if survival were at stake, people would be more driven to innovate. This comfort can hinder the motivation needed for self-improvement.

Dr. Gifty Boakye Appiah emphasized the importance of challenging oneself to think differently. She encouraged young innovators to seek events like the Grand Challenge Workshop for opportunities.

She mentioned that many hubs and accelerators can help refine ideas and provide support. Even without direct funding, these organizations can guide entrepreneurs toward funding sources.

Government representatives shared ongoing initiatives supporting startups and small businesses. One initiative is the Progressive Licensing Scheme (PLS) by the Food and Drugs Authority (FDA).

This three-stage licensing system helps small businesses improve product safety while ensuring compliance with health regulations.

Another initiative is the HAPPY Project by the Ghana Enterprises Foundation with Mastercard Foundation support. It aims to empower 15,000 young entrepreneurs in key agricultural value chains like rice and poultry.

Worlase Afatsiawo from UKGCC explained that the Grand Challenge Programme encourages innovation addressing national challenges. It fosters collaboration among researchers, entrepreneurs, government agencies, and private sectors.

The programme also provides capacity-building and funding opportunities for innovators' solutions. Shortlisted applicants will have a chance to pitch during a United Kingdom roadshow for international exposure.

Mrs. Afatsiawo announced that workshops in Accra and Kumasi will lead to public proposals submissions soon. She encouraged aspiring contestants to watch UKGCC’s social media platforms for updates.

The UKGCC Grand Challenge is part of the Sankore Programme backed by the UK Government under WARIH. Sankore aims to strengthen West African innovation systems with impactful solutions.