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.
Highlights
Over the years, the need for countries, especially developing countries, to embark on programmes of industrialisation has been put forward by many scholars and policy makers
The section includes the profile of respondents; Business Advisory Centre (BAC)‟s operations in the Nkoranza South Municipality; the effect of education and training on businesses and poverty reduction among entrepreneurs; challenges facing educated and trained small-scale entrepreneurs; and challenges facing BAC in their operations in the Nkoranza South Municipality
The focal point of this paper was to examine how education and training services provided by the Business Advisory Centre (BAC) has contributed to poverty reduction among small-scale entrepreneurs in the Nkoranza South Municipality
Summary
The need for countries, especially developing countries, to embark on programmes of industrialisation has been put forward by many scholars and policy makers. Industrialisation is, seen as the way forward especially for countries in Africa, Asia and the Latin America where over 760 million of the world‟s poor people reside [2,3] This is mainly because industries provide the impetus for increase in productivity and income generation which eventually have a trickle-down effect on all sectors of a country‟s economy i.e. growth in gross domestic product (GDP), favourable balance of payments, income distribution, rural development, and poverty reduction. It is estimated that the small- scale together with the medium-scale industries contribute about 70 percent of Ghana‟s gross domestic product (GDP), forms about 92 percent of her businesses and employs about 22 percent of the adult population in Ghana [18] Most of these smallscale enterprises are located in the rural areas, promoting these enterprises, means diversifying the rural economy and spurring capital formation (savings) resulting from increased productivity and income of entrepreneurs. This study, sought to systematically examine how the education and training services provided by the BAC has contributed to poverty reduction among small-scale entrepreneurs in the Nkoranza South Municipality
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