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The Challenge Of Women Entreprene urs In Accessing Funds In Kumasi (Ghana)

Author

Listed:
  • Ampofo Isaac Atta Junior

    (Department of Human Resource and Organisational Development, KNUST School of Business, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana.)

  • Ampofo Isaac Atta Senior

    (Department of Information Technology Education, University of Education Winneba – Kumasi, P.O. Box 1277, Kumasi, Ghana.Author-Name: Ampofo Beatrice
    Department of Mathematics Education, University of Education Winneba – Kumasi, P.O. Box 1277, Kumasi, Ghana.)

Abstract

This research was conducted to know the challenge of women entrepreneurs in accessing funds in Kumasi. In this research, the main research design was a case study. This case study was a quantitative research. This type of case study was applied to fix the mind closely upon the purpose of the study. The sample was taken from women entrepreneurs in Kumasi. The total population was about 7000 with 4000 as sample size. A closed questionnaire was disseminated using systematic stratified random sampling to get the sample size from all areas of Kumasi. The study found that almost all women entrepreneurs in Kumasi agreed that funds give life to entrepreneurship, control the operation of entrepreneurship, help to acquire assets and help in getting resources like human, tools and equipment, etc. the study revealed that some women entrepreneurs in Kumasi lack properties to serve as collateral in accessing loan from banks. Also, they lose their money in the hands of robbers and get funds from relatives and friends on conditions. The study concludes that women entrepreneurs in Kumasi get their source of fund from personal savings, relatives and friends, investment returns and banks.

Suggested Citation

  • Ampofo Isaac Atta Junior & Ampofo Isaac Atta Senior, 2020. "The Challenge Of Women Entreprene urs In Accessing Funds In Kumasi (Ghana)," Social Values & Society (SVS), Zibeline International Publishing, vol. 2(2), pages 37-41, November.
    • Handle: RePEc:zib:zbnsvs:v:2:y:2020:i:2:p:37-41
    DOI: 10.26480/svs.02.2020.37.41
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    References listed on IDEAS

    as
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      • Alexander Chepurenko, 2015. "Entrepreneurship Theory: New Challenges and Future Prospects," Foresight-Russia Форсайт, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 9(2 (eng)), pages 44-57.
    2. Panagiotis E. Petrakis, 2020. "Theoretical Approaches to Economic Growth and Development," Springer Books, Springer, number 978-3-030-50068-9, September.
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    4. Prempeh, kwadwo Boateng, 2015. "Problems of financing SMEs in Ghana: a case study of the Sunyani Municipality," MPRA Paper 68086, University Library of Munich, Germany.
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