Abstract
The objective of this study was to analyse the factors that influence revenue generation among women in fish processing in coastal Ghana. Primary data was collected using a well structured questionnaire administered on 746 women who process fish in selected communities in Central, Greater Accra and Western Regions. Using weekly revenue as the outcome variable, the multinomial logit regression (MLR) and ordinary least squares (OLS) were used to predict and estimate the correlates of revenue generated from fish processing. The results show that higher levels of savings are likely to influence higher levels of revenue. Fish smoking and frying produces more revenue with reference to drying and salting. Furthermore, hours spent in business are also likely to increase revenue relative to low levels of revenue. The findings also indicate that at all levels of revenue, experience matters. Moreover, formal account ownership does not significantly influence revenue at all levels. The derived policy implications are to design strategies that will increase women potential in revenue generation in the informal sector.
Highlights
The small scale business sector is recognized as one of the means through which accelerated economic growth and rapid industrialization can be achieved (Harris et al, 2006; Sauser, 2005)
Using weekly revenue as the outcome variable, the multinomial logit regression (MLR) and ordinary least squares (OLS) were used to predict and estimate the correlates of revenue generated from fish processing
The OLS model shows that savings increases revenue by 8.3957% with 1% increase in savings, all other factors held constant
Summary
The small scale business sector is recognized as one of the means through which accelerated economic growth and rapid industrialization can be achieved (Harris et al, 2006; Sauser, 2005). Small scale businesses have been recognised as feeder services to large-scale industries (Fabayo, 2009). Small scale businesses are found in almost all the sectors of the Ghanaian economy, ranging from service, manufacturing to agriculture. Agriculture in Ghana is the back-bone of the economy as it ensures the sustainability of the food industry. One of the major problems in the Ghanaian agricultural sector is post harvest losses of which the fishing sector is no exception. Fish processing is a very crucial activity in the sub-sector in sustaining food and income for the self-employed, especially women
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