Browsing by Author "Ofoli-Tibboh, Joan"

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    The effects of ‘Susu Scheme’ on the economic empowerment of youth entrepreneurs within the Kumasi Metropolis, Ghana
    (August, 2015) Ofoli-Tibboh, Joan
    The study sought to assess the effect of ‗susu scheme‘ on the economic empowerment of youth entrepreneurs with cross-sectional data randomly collected from sixty-five (65) youth entrepreneurs in the Kumasi metropolis using a questionnaire administered through personal interviews. The data obtained were analyzed using paired sample T-test and, multi-regression technique. Among the key findings of the study are that ‗susu scheme‘ has had a significant impact on the economic empowerment of youth entrepreneurs; It however cleared that the number of years of being a ‗susu‘ contributor and the amount contributed per day do not explain the variability in the economic empowerment level of a youth entrepreneur; The conclusion of the study is that the ‗susu scheme‘ has made a significant impact on the economic empowerment of youth entrepreneur in the Kumasi metropolis. In addition, the study concludes that it is not advisable to predict the empowerment level of a ‗susu‘-contributing youth entrepreneur in the Kumasi metropolis by the number of years he/she has been contributing to ‗susu scheme‘ and the amount he/she contributes daily. Among the recommendations made by the study are that institutions in Ghana that run the ‗susu scheme' should scrap their ‗no-loan policy‘for initiatives that will seek to make credit avaialable to clients on realtively long-term basis or Government should embark on a comprehensive programme of empowering rural banks, savings and loans institution, credit unions and other licensed and monitored microfinance financial institutions that practice microfinance; that Policy makers should also design more savings and loans sensitization programme aimed at encouraging the youth entrepreneurs, especially the financially challenged ones, to join the ‗susu scheme‘; and that future studies should be directed at focusing on getting samples from co-operative unions and other regions so that a comprehensive assessment of the ‗susu scheme‘ on the economic empowerment of youth entrepreneur could be established.