International Journal For Multidisciplinary Research

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Female Entrepreneurship and Ghana’s Informal Economy: Prospects and Challenges

Author(s) Eric Anthony Vurinye Kavaarpuo, Paul Yaw Addai Yeboah
Country Ghana
Abstract This study found that female entrepreneurs dominate the informal business sector, but not the manufacturing sector. Female businesses in the manufacturing sector remained largely at the micro level and failed to transition into the formal sector. The study adopted a quasi-experimental design to purposively sample and interview female entrepreneurs at a Trade Fair organised by the SNV/EU Green Project in the Takoradi Metropolis (from 4th to 10th October 2022) for its supported female entrepreneurs in the Western of Region of Ghana. The study interviewed a total of forty-two respondents (8 of whom were male). The male respondents opted to respond to the same questionnaire as the females, in solidarity with the female SMEs. The study identified barriers to female entrepreneurs in the manufacturing sector including the absence of start-up capital, the absence of cheap long-term credit, challenges with business and product registration, the absence of capacity development in entrepreneurship and business development and the lack of general planned support by the government. The study proposes policy recommendations to include start-up support for female manufacturers; entrepreneurship and business development support; purchase of the products of female manufacturers by state agencies as a matter of policy; and the promotion of exposure trips in-country and abroad for female manufacturers to network with others and to learn of new ways to effectively conduct their operations.
Keywords Female, Entrepreneurship, Informal, Formal, Manufacturing, Business, Wealth, Circular Economy
Field Business Administration
Published In Volume 5, Issue 3, May-June 2023
Published On 2023-05-14
Cite This Female Entrepreneurship and Ghana’s Informal Economy: Prospects and Challenges - Eric Anthony Vurinye Kavaarpuo, Paul Yaw Addai Yeboah - IJFMR Volume 5, Issue 3, May-June 2023. DOI 10.36948/ijfmr.2023.v05i03.2550
DOI https://doi.org/10.36948/ijfmr.2023.v05i03.2550
Short DOI https://doi.org/gr8p8d
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