The Adwumawura Program was introduced by President John Dramani Mahama in Accra, Ghana, with the goal of establishing 40,000 youth-owned enterprises throughout the country in the ensuing four years.
President Mahama said during the ceremony in Kumasi on Monday [April 28, 2025] that the project is a conscious attempt to provide young Ghanaians with genuine opportunity to turn their ideas into sustainable businesses.
President Mahama addressed a group of government representatives, development partners, traditional leaders, and young entrepreneurs, saying, “We want to establish at least 10,000 Ghanaian youth-owned businesses annually over a four-year period.”
According to Mr. Mahama, the Ministry of Finance has acquired the required funding for the Adwumawura Program through the 2025 national budget.
Unlike earlier youth projects that were presented “with a lot of fanfare but proved to be mirages without adequate funding,” he said, this program is unique.
The Adwumawura Program will provide mentorship, market support, access to capital, training in business development, and year-round business advisory services. Through an online platform, both fresh start-ups and established small enterprises can submit applications.
Adwumawura will be implemented under the direction of the National Entrepreneurship and Innovation Programme (NEIP), which is housed inside the recently formed Ministry of Youth Development and Empowerment.
According to Mr. Mahama, the initiative is meant to be youth-led, inclusive, and accessible to Ghanaians from all backgrounds, including those with little to no formal schooling.
“Many of the big businesses we see today started as small enterprises,” he said.
“With the right support, young Ghanaians can build businesses that not only change their own lives but also contribute to growing our national economy.”
The first round of beneficiary applications is now officially available, and the process will be overseen by an impartial selection committee.
Source: newsthemegh.com