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Barriers To Youthful Entrepreneurship In Rural Areas Of Ghana

Author

Listed:
  • Gilbert O. Boateng
  • Akwasi A. Boateng
  • Harry S. Bampoe

Abstract

The study examined the barriers to youth entrepreneurship in rural areas of Ghana specifically the challenges encountered by youths who want to set-up their own businesses. The study collected both primary and secondary data using semi-structured questionnaires, interviews and review of empirical and theoretical literatures. Youths in Komenda, Edina, Eguafo, Abirem Municipal Assembly was the target population. Purposive sampling technique was applied to select 240 respondents. Descriptive statistics which involves simple percentage, graphical charts and illustrations was purposefully applied in data presentations and analysis. The findings of the study reveal youths perceive lack of capital, lack of skill, lack of support, lack of market opportunities and risk as the main obstacles to entrepreneurial intention. It is recommended that Ghanaian youths be equipped with entrepreneurial skills to move them to the next level of development.

Suggested Citation

  • Gilbert O. Boateng & Akwasi A. Boateng & Harry S. Bampoe, 2014. "Barriers To Youthful Entrepreneurship In Rural Areas Of Ghana," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(3), pages 109-119.
  • Handle: RePEc:ibf:gjbres:v:8:y:2014:i:3:p:109-119
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    References listed on IDEAS

    as
    1. Arne Bigsten & Paul Collier & Stefan Dercon & Marcel Fafchamps & Bernard Gauthier & Jan Willem Gunning & Abena Oduro & Remco Oostendorp & Cathy Patillo & Måns S–derbom & Francis Teal & Albert Zeufack, 2003. "Credit Constraints in Manufacturing Enterprises in Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 12(1), pages 104-125, March.
    2. Arne Bigsten & Paul Collier & Stefan Dercon & Marcel Fafchamps & Bernard Gauthier & Jan Willem Gunning & Abena Oduro & Remco Oostendorp & Cathy Patillo & Måns S–derbom & Francis Teal & Albert Zeufack, 2003. "Credit Constraints in Manufacturing Enterprises in Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(1), pages 104-125, March.
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    Cited by:

    1. El Houssain Bouichou & Tahirou Abdoulaye & Khalil Allali & Abdelghani Bouayad & Aziz Fadlaoui, 2021. "Entrepreneurial Intention among Rural Youth in Moroccan Agricultural Cooperatives: The Future of Rural Entrepreneurship," Sustainability, MDPI, vol. 13(16), pages 1-20, August.
    2. Huatao Peng & L’hocine Walid, 2022. "The Effects of Entrepreneurs’ Perceived Risks and Perceived Barriers on Sustainable Entrepreneurship in Algeria’s SMEs: The Mediating Role of Government Support," Sustainability, MDPI, vol. 14(17), pages 1-22, September.

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    More about this item

    Keywords

    Entrepreneurship; Barriers; Youth; Resources; Solutions; KEEA District;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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