THE EMPLOYMENT-GENERATING POWER OF SOLE PROPRIETORSHIPS IN GHANAIAN ENTERPRISES

Abstract

The paper investigated the role of sole proprietorships in addressing Ghana's unemployment challenges by analyzing their job creation Capacity. The research aimed to quantify employment contributions, Identify sectoral patterns, and assess operational constraints. Methodology combined an analysis of Ghana Statistical Service data with a literature review. Results showed sole proprietorships constituted 374 78% of businesses and created 48.2% of jobs, dominating services (80% of establishments) and industry (18.2% of employment). Structural Barriers like unlimited liability and income instability persisted. The paper concluded with policy recommendations for skills development is and regulatory reforms to enhance the employment potential of this model while mitigating its vulnerabilities.