You don’t need huge capital to start every business – Kofi Vinyo

The CEO of Kofi Vinyo and Company limited, Mr Kofi Vinyo has said that Ghanaian youth do not need a ‘kobo’ in venturing into certain area of businesses.

He said this at Sunyani in the Brong Ahafo Region during a conference to launch the Brong Ahafo Regional Chapter of the Ghana’s Young Entrepreneurs (GYE).

The conference, which was on the theme: “Beyond Take-Off” was to inspire young entrepreneurs in the region and also encourage them to join the Ghana Young Entrepreneurs.

Speaking on the topic “key issues in starting a business”, Mr. Vinyo said, in starting a business, one needs to be determined and hard working enough to come against all odds because it's not as easy as it seems.

The 2016 National best maize farmer stated clearly that, though issues of funding are definitely going to come up, Young Entrepreneurs should not allow that be a hindrance, saying jokingly that even a 1,000ghc would not be enough to start a snail farming business, however one can make it with determinations and the will power to make a change in his life and his community.

In accounting his true life story, he said, “I was once rejected by my father when I got paralyzed at age 6 through the injection by a quack doctor. What to eat was a problem. My mother didn't have and so i have to survive on oranges most of the times, and this gave me a serious stomach ulcer”. He told the audience that at a point, he was nearly thrown into the river because he was believed to be a river child.

Mr. Vinyo in his presentation observed that, Ghanaian youth should not mostly depend on Government or the Banks for capital because most Banks are largely not interested in investing in areas like agriculture which happens to be the back bone of our economy.

He ended his presentation by saying “if a disable like me can create over 1000s of jobs and be able to do what am doing, how much more you a strong young man. I charge you to rise above all challenges and make it in life. Do not wait for government to create jobs for you, you should rather create unique enterprises which will create jobs and generate revenue through payment of taxes for national development.” “I entreat you (Young Entrepreneurs) to go into agric business such as soya beans farming, ginger farming, maize farming, etc

He also used the opportunity to invite aspiring entrepreneurs who want to venture into agriculture to the launching of Mechanization of Agriculture Where farmers will be introduce to organic farming and machinery’s to help them boast productivity.


Speaking at the conference, the Chief Executive Officer (CEO) of Ghana Young Entrepreneurs (GYE), Sherif Ghali, advised upcoming entrepreneurs to share ideas and experience to help sustain businesses of their colleagues.

He noted that businesses of young entrepreneurs in the country have collapsed because they did not get the right information before they set up their businesses.

Mr. Sherif Ghali therefore, urged all young entrepreneurs in the Brong Ahafo Region to join GYE as they can get the needed information to run their businesses.

He revealed that other regional chapters of GYE will soon be launched in the other regions. Read Full Story