Professor Godfred Bokpin, a distinguished economics professor, has emphasized the crucial role of partnerships in achieving significant business breakthroughs for Ghanaian enterprises. He advocates for collaborative efforts among indigenous companies, enabling them to pool resources and invest in large-scale ventures. This synergistic approach, he argues, empowers businesses to overcome resource limitations and undertake projects that would be individually unattainable. Professor Bokpin highlights the importance of trust and integrity as foundational elements for successful partnerships, cautioning against individualism as a detrimental factor that can hinder collaborative growth. He identifies several burgeoning sectors in Ghana, including the creative industry, apparel sector, agricultural value addition, and internal tourism, as potential engines of economic growth. These sectors, according to Professor Bokpin, represent promising opportunities for businesses to leverage their resources and expertise through collaborative partnerships, ultimately contributing to the overall development of the local economy.
Addressing the implications of the 2025 budget and its outlook for the future of the Ghanaian economy, Professor Bokpin urges the government to prioritize measures aimed at controlling inflation and implementing fiscal policies that foster sustainable economic growth. He asserts that a stable macroeconomic environment, characterized by low inflation and sound fiscal policies, is essential for businesses to thrive and attract investments. By addressing these crucial macroeconomic factors, the government can create an enabling environment that encourages private sector investment, stimulates job creation, and promotes overall economic prosperity. This would create a virtuous cycle where thriving businesses contribute to a robust economy, generating increased tax revenues that further empower the government to implement development-oriented policies.
Professor Mathew Tsamenyi, President of NOVA Business School Africa, echoes the importance of collaboration and innovation in driving the growth of African businesses. He stresses the need for enterprises to evolve beyond the initial stages of creation and embrace strategic partnerships that facilitate expansion and sustainable development. Professor Tsamenyi envisions NOVA Business School Africa as a catalyst for this transformation, providing cutting-edge business models and ideas that empower African businesses to thrive in a competitive global landscape. The School’s mission is to equip entrepreneurs and business leaders with the knowledge, skills, and networks necessary to navigate the challenges and seize the opportunities presented by the rapidly evolving business environment.
NOVA Business School Africa, in collaboration with strategic partners such as Eagles Hospitality Group and the Ghana National Chamber of Commerce and Industry, aims to establish the Western Region of Ghana as a hub for innovative business practices. This strategic partnership seeks to leverage the region’s unique resources and potential to create a dynamic ecosystem that fosters entrepreneurship, attracts investment, and generates economic growth. By establishing a strong presence in the Western Region, NOVA Business School Africa aims to contribute to the region’s economic transformation and position it as a model for other regions across Africa.
The School’s focus on real-time business models and development-oriented ideas reflects its commitment to equipping businesses with the tools needed to thrive in today’s dynamic market. This practical approach will enable businesses to adapt rapidly to changing market conditions, seize emerging opportunities, and achieve sustainable growth. The emphasis on real-time solutions ensures that businesses are equipped to address current challenges and leverage the latest technological advancements to their advantage. This practical approach to business education is essential for fostering innovation and driving economic development across Africa.
Scheduled to officially open in June, NOVA Business School Africa will offer residential programs focusing on digital technologies and entrepreneurship. These programs, delivered in a residential format, will provide students with an immersive learning experience, fostering collaboration, networking, and the development of crucial business skills. The focus on digital technologies and entrepreneurship reflects the growing importance of these fields in shaping the future of business and driving economic growth in Africa. By equipping students with the latest digital skills and entrepreneurial mindset, NOVA Business School Africa aims to empower the next generation of African business leaders to drive innovation and create a prosperous future for the continent.
