Barriers to Youthful Entrepreneurship in Rural Areas of Ghana

Global Journal of Business Research, v. 8 (3) p. 109-119, 2014

12 Pages Posted: 12 Dec 2014

See all articles by Gilbert O. Boateng

Gilbert O. Boateng

Takoradi Polytechnic

Akwasi A. Boateng

Cape Coast Polytechnic

Harry S. Bampoe

Jayee University College, Ghana

Date Written: 2014

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.

Keywords: Entrepreneurship, Barriers, Youth, Resources, Solutions, KEEA District

JEL Classification: O15, O16

Suggested Citation

Boateng, Gilbert O. and Boateng, Akwasi A. and Bampoe, Harry S., Barriers to Youthful Entrepreneurship in Rural Areas of Ghana (2014). Global Journal of Business Research, v. 8 (3) p. 109-119, 2014, Available at SSRN: https://ssrn.com/abstract=2451304

Gilbert O. Boateng (Contact Author)

Takoradi Polytechnic ( email )

P. O. Box 256
Takoradi, Western Region 233
Ghana

Akwasi A. Boateng

Cape Coast Polytechnic ( email )

Harry S. Bampoe

Jayee University College, Ghana ( email )

Royal Palm Avenue, McCarthy Hill, (Mango Lane)
Accra Weija Road
Osu, Accra
Ghana

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