To invigorate our nation’s foundation and revive the entrepreneurial drive within Zongos and inner cities, the Zongo Startup Summit has successfully commenced. This initiative resulted from a collaborative endeavor involving the National Entrepreneurship and Innovation Plan (NEIP), the Ministry of Finance, The World Bank, Afro-Arab Microfinance, and ZongoVation Capital.
On December 23, 2023, at the Conference Hall of the National Mosque in Kanda, Accra, Mr. Benjamin Quashie, the Special Guest, addressed the gathering under the theme “Empower, Connect, Transform: Elevating Zongos’ Entrepreneurship Spirit.” He acknowledged the recognized role of entrepreneurship within the Zongo community in contributing to the socio-economic development of the country.
Mr. Quashie, Group Chairman of Allied Consortium Group, highlighted three crucial benefits of entrepreneurship in Zongos. Firstly, it creates employment opportunities, reducing unemployment rates and fostering financial independence. Secondly, it encourages innovation and problem-solving, cultivating a culture of creativity. Lastly, it facilitates the preservation and promotion of cultural identity, as businesses often reflect the unique characteristics of their communities.
Despite acknowledging the challenges entrepreneurs, especially in Zongos, might face—such as limited access to initial capital, bureaucratic hurdles, and insufficient infrastructure—Mr. Quashie encouraged participants not to lose hope. He referenced successful Muslim entrepreneurs like Asumah Banda, Alhaji Salamu Amadu, Alhaji Mai Litafi, and Ibrahim Mohammed Awal, who overcame similar obstacles.
Mr. Quashie emphasized empowerment as a crucial pillar in elevating the Zongo entrepreneurial spirit. He stressed the need for accessible and high-quality education, financial literacy, vocational training, and technology education to equip youth for the modern business landscape.
Empowerment, according to Mr. Quashie, also involves creating avenues for aspiring entrepreneurs to access capital through community-based funds, collaboration with financial institutions, and advocacy for supportive policies.
The second pillar of the journey, according to Mr. Quashie, is networking. He highlighted the importance of fostering a collaborative culture where ideas, skills, and resources are shared and synergized through networking events, communal workspaces, and community-driven projects.
Mentorship and role models were identified as critical prerequisites for entrepreneurship. Mr. Quashie advocated for mentorship programs and platforms for experienced business leaders to guide and inspire emerging entrepreneurs.
The transformative aspect of the journey signifies a shift in mindset and a commitment to celebrating success. Mr. Quashie referenced the visionary proposal for a 24-hour economy by John Dramani Mahama, noting its potential benefits for the Zongo community.
In conclusion, Mr. Quashie emphasized that the elevation of Zongos’ entrepreneurial spirit is a holistic journey of empowerment, connection, and transformation. He urged collective efforts to empower youth, connect talents, and celebrate successes, envisioning vibrant hubs of innovation within Zongo communities.