Browsing by Author "Amoabeng, Emmanuel"

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    Financial Management Knowledge among Entrepreneurs in the Poultry Industry: A Case of the Dormaa Municipality
    (2011-10-11) Amoabeng, Emmanuel
    This study is important because available literature indicates that, most poultry businesses tend to collapse some few years after being set up (Bank of Ghana, 2008; Tham-Agyekum & Appiah, 2010). The situation has been attributed to limited knowledge in financial management practices employed by farmers. This therefore necessitates a study to find out the financial management of the poultry industry in order to propose measures to streamline the situation. Despite the importance of professional financial management to the growth of a poultry business, farmers often consider it as a difficult task (Loggia, 2006) and therefore the decisions they make are guided by vague estimates and guesses based on their past experience of farming (Johl & Kapur, 2001). In the light of the above challenges, this study seeks to investigate the financial management knowledge among farmers in the poultry industry: using Dormaa Municipality as a case study. The research would be a survey with the use of a qualitative method of analysis. Primary and secondary data were used for the study and these emphasized on information collected through questionnaire and books/journals respectively. The study showed that the poultry industry in Ghana and for that matter Dormaa Municipality is contributing effectively the growth and development through the provision of food, employment and taxes to the economy. Many of the farmers are particular about productivity and making profits. As such, farmers employ all means to ensure efficiency however the use of effective financial management practices has been minimal. The study recommends National service personnel should be posted to the sector to assist the farmers in financial management practices.