The Ministry of Business Development has officially launched the 2019 edition of the Presidential pitch, urging burgeoning business minds to enter the competition.
The competition, which is the 2nd edition, is expected to be attract more applicant following the success of the maiden edition last year.
Speaking at Thursday's launch, the Minister of Business Development, Dr Mohammed Ibrahim Awal, said the young women and men were competing with their various business ideas to seek funding to expand their businesses
"The Public sector is chocked and government has believe that entrepreneurship is the way out to solve unemployment problems,"he said.
"This is to support people who have ideas but do not have the money to execute the ideas.
Ghana has a youthful population and the overall objective of this Plan is to stimulate private sector growth at the early-stages of businesses, to accelerate job creation and to provide entrepreneurial Ghanaian youth
He said it is being done through an eco-system established by the ministry where young people were being encouraged to set up businesses.
The launch comes few days after Ghana won the bid to host the Secretariat of the African Continental (AfCFTA) Free Trade Area.
According to Ibrahim Awal Ghana will benefit immensely from the AfCFTA being situated in Accra.
"Ghana will benefit a lot from hosting the African Continental (AfCFTA) Free Trade Area Headquarters in Accra," he said.
"It is expected to thousands of employment for Ghanaians."
He said currently government policies had made Ghana a fertile ground for attracting investors, hence the need to grow local businesses that could also flourish to employ other Ghanaians
The Presidential Pitch, a business idea competition module which aims to expand the entrepreneurial climate to enable Ghanaian youth come up with creative ideas that will help them develop into global giants, was recently held by the Ministry of Business Development in Accra.
The programme also forms part of government's efforts to implement concerted policies and programmes that will create and expand the frontiers of ecosystem entrepreneurship skills among Ghanaian youth. Nineteen-year-old lady Vanessa Limann, who was adjudged the winner of the first edition of the competition last year.