As part of efforts aimed at providing opportunities for startups to acquire office accommodation at a cheaper cost, Workshed Africa Limited has launched it new office space at Spintex in Accra.
The idea is targeted at bringing startups from different areas together under an ecosystem that would provide opportunities to minimize cost of doing business while maximizing output.
Speaking to Citi Business News at the launch, the Team Leader of Workshed Africa Limited, Mr. Richard Bempong stated that renting an office space in Accra is a major challenge that hinders startups from expanding their operations.
According to him, startups are required to provide over GHS3,000 a month for a decent office space in the national capital to properly commence their businesses.
“If you look at the cost of renting a decent office space in Ghana to start a business that would sustain you in the long run you would have to rent for over GHS3,000 per month. Multiply that by 12 months,” he said.
He maintained that cost of renting a decent accommodation has negatively impacted on the profits of most start-ups, suffocating their businesses.
“While we work to provide the accommodation, we actively and deliberately engage in projects that would create value for our members and society at large,” he said.
Mr. Bempong stated that the company has chosen to focus majority of its social impact endeavors to helping build and promoting the burgeoning entrepreneurial movement in Ghana.
“When creating Workshed, we envisioned a working area that could cater to the needs of young business people. Being young entrepreneurs, we were previously hit by harsh realities of setting up a business, prominent among these was high commercial rent rates and terms that are not startup-friendly, so we decided to create a solution,” he stressed.
By: Lawrence Segbefia/citibusinessnews.com/Ghana