Ghana cannot solve youth unemployment and poverty without strong investment in Technical and Vocational Education and Training (TVET). This is the view of development expert Chris Addy-Nayo. He stated this at a recent policy dialogue in Tamale. TVET needs a new focus. It should be a main engine for growing small and medium-sized enterprises (SMEs).
Mr. Addy-Nayo stressed that skills are now very valuable. He said young people need practical skills. These skills must match the needs of businesses. Sectors like green businesses, digital services, construction, and farming need these workers. Aligning TVET training with SME needs ensures graduates can find jobs. They can also start and grow their own businesses. A good TVET system can turn many young people into entrepreneurs. It can also make local industries stronger.
This approach fits Ghana's broader economic goals. The country aims to create more jobs. It wants to reduce reliance on foreign imports. SMEs are key to this plan. They often struggle with a lack of skilled workers. A report by the Bank of Ghana in 2023 highlighted the SME sector's potential. It accounts for a large portion of businesses. However, access to finance and skills remain major challenges. Improving TVET directly addresses the skills gap. It also helps build stronger local economies.
"In today’s economy, skills are the new currency," Mr. Addy-Nayo stated. He called for TVET to be a strategic catalyst for SME growth. He added that TVET can empower women and young people in rural areas. This would give them practical skills and financial knowledge. Access to business networks is also important. This creates inclusive growth and reduces inequality.
Mr. Addy-Nayo warned that full TVET benefits require certain actions. There must be strong political commitment. Funding must also increase. Government, businesses, banks, and training centres need to work together closely. He suggested creating business incubators. Better apprenticeship systems are also needed. Access to money for starting businesses is crucial. This connects training with real business success.
Mr. Addy-Nayo urged policymakers to act decisively. They must invest in TVET to support SMEs. He said TVET is more than just training. It is about building businesses. It creates jobs. It restores dignity. It secures the future for young Ghanaians.