Government’s NEIP initiative revolutionizes entrepreneurship in Ghana

President Nana Addo Dankwa Akufo-Addo has commended the National Entrepreneurship and Innovation Programme (NEIP) for its significant impact on Ghana’s entrepreneurship landscape. Speaking at the 3rd Applied Research Conference of Technical Universities in Ghana (ARCTUG 2024) in Sunyani, the President highlighted the success of NEIP in reducing youth unemployment and driving economic growth.

Launched in 2017, NEIP has been instrumental in supporting start-ups through funding, training, and mentorship. President Akufo-Addo praised the programme for enabling 15,000 start-ups to scale up their operations and creating 103,871 jobs by the end of 2023. He credited the late John Kumah and former Minister for Business Development, Mohammed Awal Ibrahim, for their foundational work in establishing NEIP.

The President emphasized NEIP’s role in fostering entrepreneurial talent and positioning Ghana as a hub for innovation in West Africa. He highlighted the programme’s focus on equipping young entrepreneurs with essential skills and resources to reduce unemployment and promote self-reliance.

In addition to NEIP, President Akufo-Addo underscored the government’s commitment to creating an enabling environment for entrepreneurship through investments in education and research. He mentioned the government’s support for STEM education and initiatives aimed at developing high-quality STEM institutions and programs.

President Akufo-Addo concluded by urging stakeholders to continue supporting initiatives like NEIP to advance Ghana’s development through innovation and entrepreneurship. He expressed gratitude for the endorsement of the Ghana Automotive Development Policy by Toyota’s representative and supported the establishment of a Sunyani industrial outlet of Toyota. The President’s call for collaboration and innovation sets the stage for a brighter future characterized by inclusivity and prosperity in Ghana.