The challenge of women entrepreneurs in accessing funds in Kumasi.

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It is now increasingly recognized that the entrepreneurship play an important role in income generation as well as employment creation around the globe. Entrepreneurship can start as a small sole proprietorship and later grow or expand to involve more hands (Mugo & Gakobo, 2020). Although women constitute about 52% of the Ghanaian population, they are marginalized and disadvantaged in all sectors of the economy and in the development agenda (Aitken, Cumming, & Zhan, 2015). They have limited access to economic resources and their participation in the formal economy is marginal (Khan, Nasir, Jamshed, Omer, & Nasir, 2020). They have been identified as one of the groups suffering disproportionately from poverty especially in the Central, Northern, Upper East and Upper West regions of Ghana. Over the years, Ghana has adopted various policy interventions and strategies aimed at addressing the gender imbalance in development efforts. However, these policy efforts have proven to be insufficient in addressing the inequality and vulnerability of women in the economy. The need to understand the contributions of women in changing economic circumstances and the implications for their livelihoods and status in society is therefore an urgent one.

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Accessing funds from banks is stressful for entrepreneurs. They need to save certain amount of money and seek for collateral.

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