Local Business Climate in Ghana – Insights for Policy Direction

Mavis Serwah Benneh Mensah

Abstract


This study provides insights for enhancing the business climate in Ghana. The primary objective of the study
was to identify the most relevant binding constraint(s) on the activities of micro, small and medium-sized
enterprises (MSMEs) in the manufacturing sector of Sunyani Municipality and Berekum District of Ghana.
Accordingly, a survey of 85 manufacturing MSMEs was conducted. In spite of energy crisis in Ghana at the time
of research, the most relevant binding constraints to the enterprises surveyed were poor access to technology
including technological support services, and poor access to market (which will be discussed in subsequent
paper). The findings contradict policy focus on addressing governance and regulatory bottlenecks, and
inadequate physical infrastructure. This underscores the importance of local business climate surveys in addition
to national surveys in establishing the right policy focus for enhancing the business climate of localities within a
country.

Full Text: PDF DOI: 10.5539/ijbm.v7n2p17

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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