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Ghanaians Asked to Take to Entrepreneurship

Dr. Michael Agyekum Addo, Chief Executive Officer of the KAMA Group of Companies, has urged Ghanaians to take advantage of the challenges posed by the global economic downturn to develop entrepreneurial skills to cushion them against unemployment and economic hardship.

Warning against the effects of the information, communications and technological explosion, he noted that failure to develop one’s imaginative, creative and innovative skills, will see many otherwise well educated persons becoming redundant in the not-too-distant future as a result of the automation of the business processes.  

Dr. Michael Agyekum Addo was speaking on Monday, March 2, 2012 at an MBA Practitioners Forum for the Regent Maastricht class held at the Executive Hall, City Campus, on the theme, “How to identify opportunities in the marketplace.”

Expounding on the potentials of the human brain, Dr. Addo stressed the need to develop, through constant use, the vast abilities of the right side of the brain which include the appreciation of color, rhythm, music, imagination, creativity, innovation, talent, and entrepreneurship.

He said the current craze for the roles played by the left brain, such as the appreciation of language, logic, analysis, science and mathematics has led to the production of jobless graduates who cannot creatively apply their acquired knowledge to finding solutions to socio-economic problems.

Dr. Agyekum Addo, who has arrived at his present status as one of the top hundred entrepreneurs in Ghana from a very poor background, and has had to obtain cooking ingredients on credit to sell to pay his school fees, urged the participants to always visualise opportunities in their environments which could be explored to improve their circumstances and to help others.

He said the challenges confronting the society – unemployment, poverty, global unrest, among others – would greatly be minimised if Ghanaians would commit themselves to entrepreneurship and discard the consumer mentality.

He advocated honesty, reliability, hard work, savings, investment, self-actualization, the fear of God and determination as factors to be considered in the quest for wealth creation.