Konnected Minds Podcast

From losing everything in three months to understanding why Ghana's rice business is controlled by cartels, and why the brutal truth about entrepreneurship is that when you lose over a million dollars because you trusted the wrong people and tried to help Ghanaians by giving them rice on credit thinking anyone could be a rice seller and make money, you realize you were just being robbed by sharks who knew exactly how to solve your problem of needing people to sell your rice but ended up biting you instead leaving you with no revenue no recovery rice gone company in debt and yourself in debt, the young entrepreneur who brought goods and met new people who said they were businessmen but they were actually the bad sharks who took advantage of his desire to work with Ghanaians and supply rice to anyone who wanted to sell, the business owner who thought a credit based system was a good idea where people could just sell make money bring it come take another one until he encountered dishonesty everywhere and all the rice and all the things went down in just three months losing everything, the reality that taking legal proceedings sounds good until you face Ghana's legal system which deserves much respect but is very slow and frustrating and you need to spend a lot of money to go for what you want, the recovery of only about 5% of what was lost with some people still being pursued by authorities to this day since 2022 for something that happened long ago while he has already moved on, the affliction that brought him back to his senses making him humble and going back to his roots where he began saying no I would rise but now I have the experiences, the year it took to plan the comeback because he didn't just want to jump back in after knowing how to import something and knowing the real buyers and the real people who want to do real business, the phone call to his suppliers over there where he had maintained good relationships proving that your network matters when you fall, the dishonesty in the country that every entrepreneur in Ghana knows making it so difficult to trust people that you're working with, the mentality that employees think they could build a house inside your business when they don't even know how you made it and the first thing that comes to an average Ghanaian person's mind when given an opportunity in that business field is steal, the man in Kumasi at Lancaster having breakfast when someone approached talking about how his employees put him in debt of about half a million cedis because they said they were paying the taxes but were not paying it and there were letters from GRA, the three minute conversation where another man joined in somewhere in Tema with the same story about employees killing his business proving this is endemic in the country, the shirt shop with a sign saying employees needed because the owner had sacked all of them for the same thing, the past five years where out of all the new businesses created maybe only 10% are left and 90% have gone out with one of the main factors being the people we work with, the philosophy brought up in homes that says a successful person is probably an occultist making people think whenever they get the chance to work with a successful person the first thing is hurry up and get out grab what you can and exit, the first year of doing business in Ghana where he sacked about 13 people and had people in his construction business stealing cement and being sold, the cement being kept in the bush behind the studio when they were building because there are buyers who will buy stolen goods, the comment that says oh it's because you don't pay them well when actually the price is set and they come and mention their price and you pay them so why are they still stealing.

Host: Derrick Abaitey

From losing over a million dollars in a rice business gone wrong to understanding the brutal reality of predatory pricing and foreign dominance in Ghana's food import sector, and why the harsh truth about entering the rice business is that you can't just walk in with a hundred thousand dollars thinking it's easy money because the moment you show up with your shipment the established players who own 12 brands each will scrub their prices down to cost price and even below just to frustrate you out of the market selling rice at 200 cedis when it's impossible unless they didn't pay duty or got the rice for free, the entrepreneur who faces predatory pricing where competitors intentionally lose money just to keep new players out of the market cutting prices so low that first time importers are forced to sell below cost and lose their capital before eventually quitting the business allowing the big players to raise prices again and recover everything they lost kicking you out, the business owner who warns that 80% of rice importers in Ghana are foreigners from the Middle East India and Lebanon creating a serious concern about food security when the country's food supply of rice sugar and other imports are mainly in the hands of foreigners not because they're not helping the economy or providing jobs but because no Ghanaian businessmen can survive in an environment where the people in the companies are robbing Ghanaians themselves, the realization that these foreign business owners have been here for generations and actually have Ghanaian passports and speak Twi so fluently that if you don't see them and only hear them on the microphone you might think it's a Ghanaian speaking proving how deeply rooted they are in the system, the imported rice versus locally produced rice debate where imported rice is cheaper than locally produced rice because the cost of production in Ghana is so high and all borne by the farmer while in other countries the government provides machinery fertilizers tractors and combined harvesters for free as grants supporting their agribusiness, the farmer in Ghana who has to pay for the tractor buy gasoline rent the combined harvester plow the floor and bear all those costs alone ending up with a product that's not even as fine but still highly priced compared to imported rice making it impossible for any rational Ghanaian consumer to choose local when there's Ghanaian rice at an exhibition selling for 450 cedis while imported rice is way less, the thought of growing rice in Ghana that died after research showed it would result in losses because government promises to help the agri sector never come and friends who own farms in Volta region get no help and have to call for assistance just to sell their rice, the shocking data that the entire rice harvested in Ghana is not enough to feed the people of Greater Accra for two weeks yet people still complain about not having buyers because it's not about demand it's about pricing since farmers spent a lot of money to produce and are suffering, the solution that would affect a lot of importers but could work if the government pushes an agenda for 70% consumption of local produce and 30% importation but only if the government also supports the farmers because otherwise importers would just quit and switch to farming to gain from government support, the threat to the economy when the people who control how much food comes into Ghana are foreigners who are helping the economy yes but building theirs even better sending all the money back to their homes creating a situation where if they decide they're done and leave Ghana will go hungry.

Host: Derrick Abaitey

From watching poor families struggle while having an awakening at 12 years old that no one is coming to save you to building six businesses before turning 30, and why the brutal truth about entrepreneurship is that if a thought makes you nervous it's worth pursuing because people who fear money don't get it and the things that scare you the most are exactly where your success is hiding waiting for you to be brave enough to reach for it, the young man who spent time with his grandmother selling beads in Fishy past learning that her generation would work regardless of conditions for five cedis a day to provide for their families while his father's generation would work but could switch jobs and his generation resigns when things get uncomfortable and Gen Z doesn't want to work at all, the first among six siblings who got an awakening around 12 or 13 years old realizing that no one was coming to save his family so while his siblings stayed home to play he would go with his grandmother to sell beads the waist beads and king beads that she made into chains and wrist beads, the grandson whose grandma was the one with the money in the family making beads but also having farms and animals like pigs and sheep that people would buy bringing income and always taking him along to sell teaching him the foundation of business, the pattern that grandmas and entrepreneurs share something special because those who spend time with grandma like him and others become business people proving there's something about that generation that understood work and sacrifice, the 18 year old missionary who spent two years on the streets of Lagos in Nigeria asking himself what next and didn't really believe so much in school because that's not the only way to get educated realizing school is just one of the best ways but not the only way, the young man who turned his Christian mission work into personal life lessons learning that if he could convince a stranger to leave their church and join a new church that was a big skill he could use in business and life, the philosophy that the thought that makes you nervous before you do it is exactly what you should do because that thought that comes to your mind that makes you think so much you get scared of it that is it go for it, the wisdom that if you're asking yourself questions about that thing that thought that has awakened you saying I need to do this I need to do that don't be scared because that thought you are scared of is where your success is, the shark mentality that if you are going for your dreams you are the shark of the ocean and sharks bite fishes but that doesn't mean they're bad sharks that's what they are destined to be they need to survive, the line between being the shark and being a bad shark which is going for what you want the right way by utilizing the resources in terms of people around you to get what you want but the right way, the connector who knows person A has something and person B needs that thing so he gets it from person A and gives it to person B making both happy but gaining more than each of them because that's how you conquer, the choice between being a shark or a shrimp in this world because shrimps get eaten so you have to decide which one you want to be, the business starter who had zero money when he started but just had a vision and a dream and got people to give him money that he wasn't even sure would be a success because he found out the problems people have and provided solutions, the problem solver who understands that someone's problem is they have a lot of money and don't know what to do with it so you go find a solution to that person's problem because a person who provides solutions to problems is a successful person, the reality that all the successful people in the world have always provided solutions to problems without actually using their own resources it's just people they provide a solution to the problem someone has.

Host: Derrick Abaitey

From watching wealthy neighbors from a poor home where his father farmed and his mother sold grounded pepper and cassava in the markets to building a rice empire and multiple businesses before turning 30, and why the brutal truth about money is that most people fear it because they were taught to fear it growing up watching Nigerian movies where every rich person was portrayed as an occultist or ritualist making their parents restrict them from dreaming big but when you grow up as the poor child in the only proprietary school in your village walking to school while other kids get picked up in fancy cars you either become bitter or you watch the extremely wealthy neighbors in your backyard and study how they move and decide that fear will not control you, the young man who saw a million dollars in his personal account at 25 years old proving that when people say they made their first million it is real because he lived it and saw the money with his own eyes, the entrepreneur who came across a document of a shipment of rice from Vietnam to Ghana that he was never supposed to see and studied the numbers and something just hit him that this could be it, the founder and CEO of CH Rider Group who owns companies in transport and has his own rice brand and real estate companies building what is already a legacy before even turning 30, the first of six siblings and the first of two males who was taught humility through affliction because when you don't have money and you're surrounded by people who do you learn to value genuine friendship since every friend you made while you were young was actually a genuine friend because they weren't your friends because you had something they just trusted in you, the son whose parents made sure he and his brother got the best even though they were poor sending them to the only proprietary school in the village while his dad went to farm and his mom sold in the markets, the young boy who wasn't allowed to watch movies because his parents thought the Nigerian films showing ritualists and occults would affect them and make them think that's how you make money instilling fear of money in an entire generation, the different mind who watched rich people and their children and saw himself doing even better if he had the opportunity instead of being scared or bitter about the inequality, the man who believes money answers all things exactly like the Bible says and thinks every average person out there should not fear money but should command it because people who don't fear money have the will to control it and turn it into the way they want, the philosophy that if you're able to control money you can control anything so don't be scared of how much money or scared of money just know how to use it, the wisdom that a lot of people fear money and when you tell someone that thing costs a hundred thousand they say whoa and that's fear but he doesn't fear money because he knows if he had it he would know what to turn it into to even tenfold it, the realization that most of his generation were brought up from poor homes and were taught to fear money because their parents didn't have it and how they spoke of money made it seem like people who have money are probably superstitious ritualists or fraudsters or drug dealers limiting the young generation from knowing what to do if they come across money, the neighbor who lived just at the backyard with extremely wealthy people and watched their lives studying how success actually works instead of believing the narrative that money equals evil, the business owner who lost over a million US dollars in three months when rice disappeared with no revenue and no recovery putting the company in debt but didn't let that destroy him.

He built Ghana's most influential blog before the word "blogger" even existed. 20 years. No marketing team. No strategy. Just luck — and knowing when to say yes.

But here's what nobody talks about: what happens when the content stops paying?

In this episode of Konnected Minds, Derrick sits down with Ameyaw Debrah — Ghana's pioneer blogger, media entrepreneur, and founder of ameyawdebrah.com — for one of the most honest conversations about creative entrepreneurship you will hear this year.

Ameyaw has spent 20 years at the centre of Ghana's entertainment and media industry. He launched Pulse Ghana, led YEN.com.gh, and built a personal brand that brands now come to — without him ever having to pitch. But behind the success is a story of calculated gambles, a father's dream that never got to be realised, a regret about ignoring an entire generation, and a very honest question: what is the plan when the content stops?

This is not the regular success story. This is the real one.

🎟️ Konnected MInds Live Kumasi, Sept 9th. https://www.konnectedmindslive.com/

Guest: Ameyaw Debrah

YT: https://www.youtube.com/ameyaw

Host: Derrick Abaitey

IG: https://www.instagram.com/derrick.abaitey

YT: https://www.youtube.com/@DerrickAbaitey

Join Konnected Academy: https://www.triibe.io/konnected-academy

🎟️ Konnected MInds Live Kumasi, Sept 9th. https://www.konnectedmindslive.com/

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