A Non-financial Assessment: Performance of Micro and Small Scale Agribusinesses in Northern Region of Ghana
The need to reduce rural people’s poverty status through the growth of agribusiness is of primary concern for most governments. Agribusiness is known as the engine for economic development and poverty reduction in Africa. The importance of agribusiness to Ghana’s growth is still evident, but very little is done to improve it. The general question is, aren’t these companies doing well? The purpose of the paper is to evaluate the output of micro and small enterprises using the non-financial approach. In 2012, 160 micro and small enterprises were surveyed throughout the northern region of Ghana using a multi-stage sampling method. The outcome revealed that the Four of the entrepreneurs’ most significant targets were accomplished. This included: raising the amount of household income, increasing the protection of household income, enhancing the profitability of business, and satisfaction with running your own business. Lack of working capital, poor credit access, and high credit costs are the most significant problems found. There is consensus between the priorities and problems defined by micro and small agricultural business entrepreneurs. In general, entrepreneurs are pleased with the success of their businesses. Efforts should be made by the government and all agribusiness stakeholders to educate medium and small-scale agribusinesses (MSAs) on the need to train Keep records, save money, run a company account and register the companies as well. However, more work is needed to carry out a more thorough study to use the non-financial approach to compare the success of male and female entrepreneurs in MSAs. In addition, the research should be redesigned to include only one or two areas of agriculture.
Author (s) Details
John K. Bidzakin
Savanna Agricultural Research Institute, P.O.Box TL 52, Tamale, Ghana.
Simon C. Fialor
Department of Agricultural Economics, Agribusiness and Extension, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana.
Department of Agricultural Economics, Agribusiness and Extension, University of Ghana, Legon, Ghana.
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