IDEAS home Printed from https://ideas.repec.org/a/ibn/ijbmjn/v15y2021i8p140.html
   My bibliography  Save this article

The Household Enterprise Sector in Ghana: Overview and Challenges

Author

Listed:
  • Danny Turkson
  • Emmanuel A. Codjoe

Abstract

Household Enterprises (HEs) have not received much consideration in the enterprise literature even though they are crucial for the development of an economy. These enterprises have been the main source of livelihood for most families in the informal sector and their contribution to reduction in unemployment is pivotal to growth of developing economies. This paper explores the nature of HE sector in Ghana and the challenges they face in their daily operations. The study employed an informal enterprise survey of 729 household enterprises conducted in 2013 by the World Bank in Ghana. With the use of systematic review and descriptive analysis, the study outlined financial constraint as the main challenge faced by HEs and discussed the linkage between HEs and the financial sector in Ghana. Based on these findings recommendations were made to the major stakeholders in the sector (entrepreneurs, financial institutions and government).

Suggested Citation

  • Danny Turkson & Emmanuel A. Codjoe, 2021. "The Household Enterprise Sector in Ghana: Overview and Challenges," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(8), pages 140-140, July.
    • Handle: RePEc:ibn:ijbmjn:v:15:y:2021:i:8:p:140
    as

    Download full text from publisher

    File URL: http://www.ccsenet.org/journal/index.php/ijbm/article/download/0/0/43341/45419
    Download Restriction: no
    File URL: http://www.ccsenet.org/journal/index.php/ijbm/article/view/0/43341
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fields, Gary S., 2012. "Working Hard, Working Poor: A Global Journey," OUP Catalogue, Oxford University Press, number 9780199794645.
    2. Samphantharak, Krislert & Townsend, Robert M., 2012. "Measuring the return on household enterprise: What matters most for whom?," Journal of Development Economics, Elsevier, vol. 98(1), pages 58-70.
    3. Stephanou, Constantinos & Rodriguez, Camila, 2008. "Bank financing to small and medium-sized enterprises (SMEs) in Colombia," Policy Research Working Paper Series 4481, The World Bank.
    4. Aryeetey, E., 1992. "The Relationship Between the Formal and Informal Sectors of the Financial Market in Ghana," Papers 10, African Economic Research Consortium.
    5. Barrett, C. B. & Reardon, T. & Webb, P., 2001. "Nonfarm income diversification and household livelihood strategies in rural Africa: concepts, dynamics, and policy implications," Food Policy, Elsevier, vol. 26(4), pages 315-331, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jan Fałkowski & Maciej Jakubowski & Paweł Strawiński, 2014. "Returns from income strategies in rural Poland," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(1), pages 139-178, January.
    2. Gary S. Fields, 2020. "Informality and work status," WIDER Working Paper Series wp-2020-159, World Institute for Development Economic Research (UNU-WIDER).
    3. Helene Bie Lilleør, 2008. "Can Future Uncertainty Keep Children Out of School?," CAM Working Papers 2008-06, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
    4. Almeida, Alexandre N. & Bravo-Ureta, Boris E., 2019. "Agricultural productivity, shadow wages and off-farm labor decisions in Nicaragua," Economic Systems, Elsevier, vol. 43(1), pages 99-110.
    5. Kamaldeen Mohammed & Evans Batung & Moses Kansanga & Hanson Nyantakyi-Frimpong & Isaac Luginaah, 2021. "Livelihood diversification strategies and resilience to climate change in semi-arid northern Ghana," Climatic Change, Springer, vol. 164(3), pages 1-23, February.
    6. Felicitas NOWAK-LEHMANN D. & Inma MARTÍNEZ-ZARZOSO & Dierk HERZER & Stephan KLASEN & Axel DREHER, 2010. "Foreign Aid and Its Effect on Per-Capita Income (Growth) in Recipient Countries: Pitfalls and Findings from a Time Series Perspective," EcoMod2010 259600121, EcoMod.
    7. Bagamba, Fredrick & Burger, Kees & Kuyvenhoven, Arie, 2007. "Determinants of smallholder farmer labour allocation decisions in Uganda," 106th Seminar, October 25-27, 2007, Montpellier, France 7920, European Association of Agricultural Economists.
    8. Tesfaye, Wondimagegn & Tirivayi, Nyasha, 2020. "Crop diversity, household welfare and consumption smoothing under risk: Evidence from rural Uganda," World Development, Elsevier, vol. 125(C).
    9. Pouliot, Mariève & Treue, Thorsten, 2013. "Rural People’s Reliance on Forests and the Non-Forest Environment in West Africa: Evidence from Ghana and Burkina Faso," World Development, Elsevier, vol. 43(C), pages 180-193.
    10. Zeeshan & Geetilaxmi Mohapatra & Arun Kumar Giri, 2022. "How Farm Household Spends Their Non-farm Incomes in Rural India? Evidence from Longitudinal Data," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(4), pages 1967-1996, August.
    11. Soltani, Arezoo & Angelsen, Arild & Eid, Tron & Naieni, Mohammad Saeid Noori & Shamekhi, Taghi, 2012. "Poverty, sustainability, and household livelihood strategies in Zagros, Iran," Ecological Economics, Elsevier, vol. 79(C), pages 60-70.
    12. Wouterse, Fleur, 2010. "Internal migration and rural service provision in northern Ghana:," IFPRI discussion papers 952, International Food Policy Research Institute (IFPRI).
    13. Ministry of Agriculture (Liberia), 2007. "Comprehensive Assessment of the Agriculture Sector in Liberia : Volume 1, Synthesis Report," World Bank Publications - Reports 7677, The World Bank Group.
    14. Andaleeb Rahman & Sumit Mishra, 2020. "Does Non-farm Income Affect Food Security? Evidence from India," Journal of Development Studies, Taylor & Francis Journals, vol. 56(6), pages 1190-1209, June.
    15. Renata Baborska & Emilio Hernandez & Emiliano Magrini & Cristian Morales-Opazo, 2020. "The impact of financial inclusion on rural food security experience: A perspective from low-and middle-income countries," Review of Development Finance Journal, Chartered Institute of Development Finance, vol. 10(2), pages 1-18.
    16. Ligita Gasparėnienė & Rita Remeikienė & Colin C. Williams, 2022. "Unemployment and the Informal Economy," SpringerBriefs in Economics, Springer, number 978-3-030-96687-4, October.
    17. Ruben, Ruerd & Pender, John, 2004. "Rural diversity and heterogeneity in less-favoured areas: the quest for policy targeting," Food Policy, Elsevier, vol. 29(4), pages 303-320, August.
    18. Gil, J.M. & Diaz-Montenegro, J. & Varela, E., 2018. "A Bias-Adjusted Three-Step approach for analysing the livelihood strategies and the asset mix of cacao producers in Ecuador," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277215, International Association of Agricultural Economists.
    19. Ersado, Lire, 2005. "Small-scale irrigation dams, agricultural production, and health - theory and evidence from Ethiopia," Policy Research Working Paper Series 3494, The World Bank.
    20. Muhammad Rizwan & Ping Qing & Abdul Saboor & Muhammad Amjed Iqbal & Adnan Nazir, 2020. "Production Risk and Competency among Categorized Rice Peasants: Cross-Sectional Evidence from an Emerging Country," Sustainability, MDPI, vol. 12(9), pages 1-15, May.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijbmjn:v:15:y:2021:i:8:p:140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.