Social Enterprise Report launched

The Minister of Trade and Industry Dr Ekow Spio Garbrah has launched the Social Enterprise Report in Accra with a call on youth to be innovative in solving societal problems whiles creating jobs for themselves.

A Social Enterprise is an organization that seeks to solve societal problems through innovation of various products and services.

Launching the report, Dr Spio Garbrah advised the youth to leverage on technology to solve pressing issues facing the country.

“Most people get stuck in traffic for many hours, and I hope there could be an innovation to solve that problem,’ he said.

The report sampled about 98 Social Enterprises nationwide which employs nine hundred people with an annually earning of eight million Ghana Cedis.

It also highlights: lack of advisory services, access to finance and lack of technical skills as some of the major challenges affecting the growth social enterprise ecosystem in Ghana.  

Most expert also believes the absence of a clear cut policy to regulate the Social Enterprise Sector is making it difficult for such enterprises to thrive.

 The development is also affecting the potential contribution of the sector to economic development.

Speaking at the event Business Development Consultant at the British Council Sydney Tetteh Hushie hinted the Ministry is in consultation with the council and other bodies to develop a policy to streamline activities of Social enterprises.

This, according to him will help extend some incentives to such enterprises in order for them to contribute to national growth.

By: Ghana/ Dzakpata