Promoting a Local Entrepreneurial Class in Ghana: The Issues and Problems

Arthur, Peter

doi:10.1080/00083968.2005.10751325

Cited by 7 publications

(11 citation statements)

References 12 publications

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Section: Lack Of Effective Government Policymentioning

confidence: 99%

“…Since attaining independence in March 1957, policies and actions of successive governments have largely "suppressed" entrepreneurial activities (Arthur 2005). However, since the mid-1980s, there has been a major shift towards creating friendly regulatory conditions for small-scale enterprises and the indigenous entrepreneurs to flourish (Arthur 2005;Obeng and Blundel 2015). It has been suggested that the prospect for creating an entrepreneurial class to spearhead the country's development and industrialisation has been hampered by a lack of governmental support, lack of finance and an unfavourable regulatory environment facing indigenous entrepreneurs (Abor and Biekpe 2006;Arthur 2005).…”

Section: Lack Of Effective Government Policymentioning

confidence: 99%

“…The lack of entrepreneur-friendly failure environments has created a situation where the punishment associated with failure makes it extremely difficult for entrepreneurs to rebound. However, the formation of EMPRETEC Ghana in 1990 and the subsequent new government in 2001 all helped to usher in a new era with increasing emphasis on entrepreneurs, allowing small-business owners to flourish (Arthur 2005).…”

Section: Lack Of Effective Government Policymentioning

confidence: 99%

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Revitalising serial entrepreneurship in sub-Saharan Africa: insights from a newly emerging economy

Amankwah‐Amoah¹

2017

Technology Analysis & Strategic Management

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In light of the growing national priority to develop and revitalise entrepreneurship in emerging economies, our understanding of barriers to serial entrepreneurship (SE) in such a context warrants further scholarly attention. Using insights from Ghana, an integrated framework of endogenous and exogenous barriers to SE is advanced. The study identified factors such as stigmatisation of business failure, fear of failure, successive governments' suspicion of the private sector and lack of a clear national policy as barriers to the development of SE. By creating conditions for destigmatising of failure, countries would be able to create conditions for more serial entrepreneurs to emerge and flourish. The analysis also indicates that reinvigorating entrepreneurship by providing space and opportunity for failed entrepreneurs to re-emerge would enable such countries to enhance entrepreneurial activities and improve economic development. The implications for technology analysis and strategic entrepreneurship literature are identified and examined.

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Section: Lack Of Effective Government Policymentioning

confidence: 99%

Section: Lack Of Effective Government Policymentioning

confidence: 99%

Section: Lack Of Effective Government Policymentioning

confidence: 99%

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Revitalising serial entrepreneurship in sub-Saharan Africa: insights from a newly emerging economy

Amankwah‐Amoah¹

2017

Technology Analysis & Strategic Management

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“…Another burgeoning stream of research indicates that political instability, overregulation, corruption and lack of clear government policy can not only disrupt the formation of new businesses, but also hampers the development of existing ones (see Handley 2008;Goedhuys and Sleuwaegen 2010). Indeed, inappropriate state involvement and control to a large extent can not only suppress the entrepreneurial impetus, but also impede the activities of entrepreneurs (Arthur 2005).…”

Section: Entrepreneurial Development National Culture Entrepreneurimentioning

confidence: 99%

“…Related to above is the issues of occupational culture (or professional culture), which refers to the shared norms, values and beliefs associated with a particular occupation (Heery and Noon 2001;Sirmon and Lane 2004). Entrepreneurship as a profession faces a number obstacles such as crippling government policies and control under dictatorship, which often hamper formation of new businesses and functioning of existing ones (see Arthur 2005Arthur 2007Handley 2008). Indeed, as it has long been recognised "societies differ in the value they attach to entrepreneurship as a profession as well as the protection they give discoveries-be it in the form of products, processes, organizations or business models" (Zahra, Korri and Yu 2005, p. 138).…”

Section: Entrepreneurial Development National Culture Entrepreneurimentioning

confidence: 99%

Historical evolution of entrepreneurial development in the global South: The case of Ghana, 1957–2010

Amankwah‐Amoah

2018

Science and Public Policy

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In spite of growing awareness among strategy, business history and entrepreneurship scholars of the benefits of entrepreneurial development, our understanding of the evolution of entrepreneurial development in developing nations remains limited. A historical analysis of the issue in postcolonial Ghana from 1957 to 2010 led to the identification of three distinctive phases. The first phase represented the immediate post-colonial reforms (1957-1966), where large-scale nationalisation and establishment of state-owned enterprises hampered development of private enterprises. The second phase was the turbulent period (1967-1979), where totalitarianism and confiscation of assets deterred private investments and ownership, thereby creating a harsh economic and institutional environment. These culminated in the last phase, the renaissance of social entrepreneurship (1980-2010) where different entrepreneurial models flourished, including the diaspora philanthropy and the "philanthropic chief".

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Ocean and land grabbing in Ghana's offshore petroleum industry: From the agrarian question to the question of industrialization

Ayelazuno

Ovadia

2022

Journal of Agrarian Change

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Ghana's petroleum industry is located several nautical miles offshore in the Western Region of the country. Yet, the mechanisms and processes of production and transportation of crude petroleum are accompanied by the dispossessing of the adjoining coastal communities of their means of (re)production both on the ocean and on land. Although the insights of agrarian political economy have been deployed fruitfully to analyse land grabs in Africa, similar efforts are rare when it comes to ocean grabs. With reference to the new development thinking on the ocean economy—or ‘blue economy’—as the new frontier of resource‐based industrialization in Africa, we re‐frame the agrarian question and apply it to the offshore petroleum industry, expanding agrarian political‐economic theory of industrialization beyond its traditional confines of land and agriculture. Our paper makes two main theoretical contributions. First, it contributes to efforts in agrarian political economy to incorporate the ocean and fisheries. Second, we contribute a fresh theoretical framework for analysing offshore petroleum industries and their potential to contribute to industrialization in Africa.

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Promoting a Local Entrepreneurial Class in Ghana: The Issues and Problems

Cited by 7 publications

References 12 publications

Revitalising serial entrepreneurship in sub-Saharan Africa: insights from a newly emerging economy

Revitalising serial entrepreneurship in sub-Saharan Africa: insights from a newly emerging economy

Historical evolution of entrepreneurial development in the global South: The case of Ghana, 1957–2010

Ocean and land grabbing in Ghana's offshore petroleum industry: From the agrarian question to the question of industrialization

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