Journal of Business and Management Sciences
ISSN (Print): 2333-4495 ISSN (Online): 2333-4533 Website: http://www.sciepub.com/journal/jbms Editor-in-chief: Heap-Yih Chong
Open Access
Journal Browser
Go
Journal of Business and Management Sciences. 2018, 6(4), 143-151
DOI: 10.12691/jbms-6-4-2
Open AccessArticle

Education and Training of Small-Scale Entrepreneurs: A Tool for Poverty Reduction in the Nkoranza South Municipality, Ghana

Richard Baah-Mintah1, , Ellen Owusu-Adjei1 and Frederick Koomson2

1Department of Development and Management Studies, Anglican University College of Technology

2Institute for Development Studies, University of Cape Coast

Pub. Date: September 17, 2018

Cite this paper:
Richard Baah-Mintah, Ellen Owusu-Adjei and Frederick Koomson. Education and Training of Small-Scale Entrepreneurs: A Tool for Poverty Reduction in the Nkoranza South Municipality, Ghana. Journal of Business and Management Sciences. 2018; 6(4):143-151. doi: 10.12691/jbms-6-4-2

Abstract

Educating and training of small-scale entrepreneurs has been identified as key determinants in the establishment, growth, and survival of businesses which ultimately reduce poverty levels. In spite of the relationship that exists between education and training and poverty reduction among small-scale entrepreneurs, very little empirical examination has been done. This informed the current study to examine how educating and training of small-scale entrepreneurs by the Business Advisory Centre (BAC), a promotional institution, contribute to poverty reduction in the Nkoranza South Municipality (NSM). The study employed descriptive and evaluative designs. All the small-scale entrepreneurs who were registered with the BAC were included in the study. The systematic and purposive sampling methods were used to draw 278 small-scale entrepreneurs and three members of staff of the BAC. Questionnaires, interviews guide and focus group discussion guide were principally used to collect data from the respondents. The results from the study showed that the Business Advisory Centre (BAC), with its education and training programmes in the municipality has, to a large extent helped reduce the poverty levels among entrepreneurs. This was observed in increased outputs, incomes and levels of savings among the respondents. The study recommends to the BAC to increase the coverage and intensifies its education and training within the municipality.

Keywords:
education training poverty small-scale entrepreneurs

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]  African Union, Strategy for the implementation of the plan of action for the accelerated industrial development of Africa, African Union Addis Ababa, Ethiopia, 2008.
 
[2]  United Nations, Labour migration, remittances, and human development in Central Asia. United Nations, New York, 2015.
 
[3]  World Bank, Poverty and shared prosperity 2016: Taking on inequality. World Bank, Washington, DC, 2016.
 
[4]  European Union, Accountability report 2012: Review of progress of the EU and its member states financing for development, European Union, Brussels, 2012.
 
[5]  C. Liedholm, and E. Chuta, (2010). The economics of rural and urban small-scale industries in Sierra Leone. African Rural Economy Paper, No.14, 2010, 150.
 
[6]  J. Page, and M. Soderbom, (2015). Is small beautiful? Small enterprise, aid and employment in Africa. African Development Review, 27(S1), 2015, 44-55.
 
[7]  H. M. Priyanath, Managerial deficiencies in the small and medium enterprises in Sri Lanka: An empirical evidence of SMEs in Rathnapura District. Sabaragamuwa University Journal, 6 (1), 2006, 93-105.
 
[8]  A. Abrisham, and A. Khadijeh, The barriers of educational development in rural areas of Iran. Indian Journal of Science and Technology, 5(2), 2012.
 
[9]  F. Burchi, and P. De Muro, Education for rural people: A neglected key to food Security, Working Paper No. 78, Food and Agriculture Organisation Rome, 2007.
 
[10]  E. Royce,. Poverty and power: A perspective on American inequality. Rowman and Littlefield Publishers Lanham, Maryland:, 2009.
 
[11]  W. T. Schultz, Transforming traditional agriculture, Lyall Book Depot Ludhiaha, 1964.
 
[12]  M. Cowling, Are entrepreneurs different across countries? Applied Economic Letter, 7(12), 2000, 785-789.
 
[13]  G. Psacharopoulos, and M. Woodhall, Education for development: An analysis of investment choice, Oxford University Press, New York, 1997.
 
[14]  S. S. Zidan, The role of HRD in economic development. Human Resources Development Quarterly, 12(4), 2001, 437.
 
[15]  Ghana Statistical Service, Population census of Ghana: Demographic and economic characteristics, Ghana Statistical Service, Accra: 1984.
 
[16]  T. A. Adisa, I. Abdulraheem, and C. Mordi, The characteristics and challenges of small businesses in Africa: An exploratory study of Nigerian small business owners. Economic Insights-Trends and Challenge, 3(66), 2014, 1-14.
 
[17]  S. Mensah, A review of SME financing schemes in Ghana. Paper presented at the UNIDO Regional Workshop of Financing Small and Medium Scale Enterprises, Accra, Ghana, 2004, 15th-16th March.
 
[18]  J. Abor, and P. Quartey, Issues of in SME development in Ghana and South Africa. International Research Journal of Finance and Economics, 39, 2010, 218-228.
 
[19]  K. I. Dandago, A. Y. Usman, Assessment of Government industrialisation policies on promoting the growth of small-scale industries in Nigeria, Paper presented at the 2011 Ben-Africa conference, Zanzibar, Tanzania, 2011.
 
[20]  European Commission, Guide for training in SMEs. European Commission, Brussels, 2009.
 
[21]  P. J. A. Robson, H. H. Haugh, and B. A. Obeng, Entrepreneurship and innovation in Ghana: Enterprising in Africa. Small Business Economics, 15(3), 2009, 193-208.
 
[22]  P. Kearns, Are two worlds colliding? The provision of training and learning services for small business, NCVER, Adelaide, 2002.
 
[23]  FAO & UNESCO, Education for rural development: Towards new policy responses, Rome & Paris: FAO & UNESCO, 2003.
 
[24]  G. S. Becker., Human capital: A theoretical and empirical analysis, with special reference to education. Chicago, IL: University of Chicago Press, 1993.
 
[25]  C. W. Njoroge, and J. M. Gathungu, The effect of entrepreneurial education and training on development of small and medium size enterprises in Githunguri District- Kenya. International Journal of Education and Research, 1(9), 2013, 1-22.
 
[26]  Y. Cho, and M. Honorati, Entrepreneurship programs in developing countries: A meta regression analysis. Labour Economics, 28, 2014, 110-130.
 
[27]  F. Enu-Kwesi, F. Koomson, and R. Baah-Mintah, The contribution of Kakum Rural Bank to poverty reduction in the Komenda-Edina-Eguafo-Abrem Municipality in the Central Region, Ghana. Economic Annals, 58(197), 2013,121-140.
 
[28]  R. I. Rahman, and K. M. N. Islam, Employment poverty linkages, Bangladesh. ILO, Recovery and Reconstruction Department Geneva, 2003.
 
[29]  A. Robb, A. Valerio, and B. Parton (Eds.), Entrepreneurship education and training: Insights from Ghana, Kenya and Mozambique. Washington, D.C.: World Bank, 2014.
 
[30]  S. Dawe, and N. Nguyen, Education and training that meets the needs of small business: A systematic review of research. National Centre for Vocational Education Research, Adelaide, 2007.
 
[31]  G. K. Frempong, Change Agents in Small-Scale Industries Development in Ghana: A Review. National Development Planning Bulletin, 1(1), 1997, 33-41.
 
[32]  E. E. Yamoah, S. Arthur, and A. Issaka, Institutional Framework for Promoting Small and Medium Scale Enterprises in Ghana: Perspective of Entrepreneurs. Australian Journal of Business and Management Research, 3(10), 2014, 28-45.
 
[33]  Polak, P. (2009). Out of poverty: What works when traditional approaches fail, Berret-Kochler Publishers, Inc., San Francisco, 2009.
 
[34]  W. M. Ladzani, and J. J. van Vuure, Entrepreneurship training for emerging SMEs in South Africa. Journal of Small Business Management, 40(2), 2002, 151-161.
 
[35]  A. Dos Vos, and I. Willemse, Leveraging training skills development in SMEs: An analysis of East-Flanders, Belgium, OECD, Paris, 2011.
 
[36]  D. Kayanula and P. Quartey, The policy environment for promoting small and medium sized enterprise in Ghana and Malawi. Finance and Development Research Programme Working Paper. Series No.15, 2000.
 
[37]  E. E. Smith, and S. Perks, Training interventions needed for black micro-entrepreneurial skills in the informal sector A qualitative perspective. South African Journal of Human Resource Management, 4(1), 2006, 17-26.
 
[38]  J. H. Owusu-Acheampong, Rural credit and rural development in Ghana. In C. K. Brown (Ed.), Rural development in Ghana. Accra: Ghana Universities Press, 1986.
 
[39]  I. K. Magableh, and R. Kharabsheh, Determinants and impact of training: The case of SMEs in Jordan. International Journal of Economics and Finance, 3(5), 2011.
 
[40]  A. Gibson, Business development services core principles and future challenges. Small Enterprise Development, 8(3), 1997, 4-14.
 
[41]  L. Goldmark, The financial viability of business development services. Small Enterprise Development, 10(2), 1999, 4-16.
 
[42]  P. O. Idogho, and A. E. Ainabor, Entrepreneurship Education and Small-Scale Business Management Skill Development among Students of Auchi Polytechnic Auchi, Edo State, Nigeria. International Journal of Business and Management, 6(3), 2011, 84-288.
 
[43]  S. Nyoni, Small, micro & medium enterprises (SMMEs), policy & strategy framework, Printflow, Harare, 2002.
 
[44]  T. Beck, A. Demirguc, and R. Levin, Financial and legal constraints to firm growth: Does size matter? World Bank, Washington, D.C., 2005.
 
[45]  R. V. Krejcie and D. W. Morgan. Determinning sample size for research activities. Educational and Psychological Meaurement, 30, 607-610, 1970.
 
[46]  N. J. Amu, The role of women in Ghana’s economy, Friedrich Ebert Stiftung, Accra, 2005.
 
[47]  I. Sulemana, Factors influencing the performance of small-scale entrepreneurs in the garment industry of the Tamale Metropolis in Ghana. Unpublished M.Phil. thesis, University of Ghana, Accra, 014.
 
[48]  R. C. Rose, N. Kumar, and L. L. Yen, The dynamics of entrepreneur’s success factors in influencing venture growth. Journal of Asian Entrepreneurship and Sustainability, 2(3), 2006.
 
[49]  Business Advisory Centre (BAC), Official report 2017. BAC, Nkoranza, 2017.
 
[50]  M. Cowling, Impact of entrepreneurship training and small business experience on future entrepreneurial activity in the UK. IES Working Paper (WP21), 2009.