Recommendations and Policy Implications for Building Capacity of Entrepreneurs & SMEs

This study prescribes solutions that could serve as benchmarks for entrepreneurs, owners of SMEs and especially 

the government to help enhance Ghanaian entrepreneurs and SMEs productivity, sustainability, competiveness and 

profitability. One common ground in the above theoretical perspectives on entrepreneurship is exploring business 

opportunities by taking some risks, converting new business ideas into an opportunity, and creating innovation and 

new value. Entrepreneurship is also a major factor in economic and regional development, since it contributes 

significantly to economic growth, job creation and business innovation. Below are recommendations on how the 

government could support entrepreneurs and SMEs development and growth, and also how entrepreneurs could 

develop their businesses to be competitive: