Business News of 2013-12-13

‘Ghana needs entrepreneurship revolution’

A Ghanaian Professor of Management Accounting at the China Europe International Business School (CEIBS), Prof. Matthew Tsamenyi, says the country needs an entrepreneurship revolution that will produce innovative men and women in the business sector to drive economic development to higher levels.

Producing such innovative entrepreneurs should begin from higher institutions which have the training capacities and capabilities, he noted.

Prof. Tsamenyi told the Daily Graphic at the Osei Tutu II Centre for Executive Education and Research (OTCEER) in Kumasi after the CEIBS had introduced its Executive Master of Business Administration (EMBA) to prospective applicants from the Ashanti Region.

He noted that an entrepreneur who was not innovative could be left behind in the fast-moving business environment.

That was why the CEIBS had made innovation a core part of its EMBA programme. He pointed out the need for universities to position themselves properly in the competitive and challenging global environment in order to nurture the calibre of entrepreneurs needed for national development.

Prof. Tsamenyi also challenged women to enroll for the programme, stressing that gender inequality directly inhibited the economic progress of developing countries.

Addressing the participants, the Head of the OTCEER, Nana Otuo Acheampong, noted that rapid economic development depended much on the ability of a country’s entrepreneurs to absorb and creatively adapt to business and technological knowledge and effectively use them.

He said the OTCEER offered an avenue for business training for managers and other top-class executives, and, therefore, urged them to take advantage