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This paper examines the effect of indigenous innovation and entrepreneurship in further advancing socioeconomic development in Ghana. It emphasizes how culturally imbibe knowledge systems and traditional practices contribute to long-term development. Specifically in tourism-related industries like agriculture, crafts, and traditional medicine. A quantitative survey was conducted with 362 indigenous entrepreneurs from three administrative regions of Ghana. Structured questionnaires were employed to gather data about innovative techniques and socioeconomic results. The data was asses using Exploratory Factor Analysis (EFA) to find the underlying scope of the innovation and multiple regression analysis. This focus on the relationship between indigenous innovation and socioeconomic factors. The results show a significant relationship between indigenous innovation techniques and major socioeconomic outcomes. The study findings portray a significant and positive correlation between indigenous innovation practices and key socio-economic outcomes, such as employment generation , income growth and cultural continuity. The relationship was significant at p < 0.001. These findings point out that indigenous innovation is not only as a driver of local economic development, but rather is a vehicle for preserving cultural identity and community resilience. The study presents novel empirical evidence from the Global South, challenging conventional innovation paradigms in stressing the socio-cultural relevance of indigenous knowledge systems. It provides new insights on how grassroots entrepreneurial behaviors anchored in tradition can supplement national development initiatives and enhance the broader debate on inclusive innovation.

Over the years, governments in Ghana have provided various stimulus packages for local entrepreneurs to rejuvenate and expand their businesses while setting up new companies. The question is, how talented are the youth in entrepreneurship? This paper sought to review the extant literature on the impact of skill acquisition on entrepreneurship development and progress in Ghana. The Systematic Literature Review (SLR) approach was used to search for relevant journal articles from Scopus, Emerald Insight, and Google Scholar search engines. The search criteria were limited to journal articles with the keywords “skill acquisition”, “entrepreneurship,” and entrepreneurship development” from 1970 to 2020. Using the SLR technique, a total of 45 articles were identified, and 21 were relevant to the research focus. The review identified that skill acquisition significantly influences entrepreneurship development. It is recommended that entrepreneurship skill acquisition should be integrated in the Ghanaian education system right from the elementary level. Again, tertiary institutions in Ghana should have entrepreneurial centers for practical sessions.