Green Entrepreneurship for Sustainable Development in Ghana: A Review
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Date
2016
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Ghana Social Science Journal
Abstract
Market-led strategies for growth and development have resulted in
negative externalities at the various stages of production and
consumption cycle, leading to the destruction of the environment, with
negative consequences for sustainable development. Prior to the
emergence of sustainable development, economic development, which
was geared more towards economic growth paid less attention to
externalities. Since 1983, vibrant and competitive private sector; and
entrepreneurship approaches have been tapped in Ghana for the creation
of jobs and employment. These, coupled with other factors, transitioned
the country to middle-income status in 2011. The undue focus on a
competitive private sector without prudent practices of sustainability has
led to over exploitation and use of natural resources and this has caused
deforestation, land degradation, air and water pollution, soil erosion,
overgrazing and destruction of bio-diversity. These effects are estimated
to cost about 10% of the country’s GDP annually. Green
entrepreneurship is very vital for addressing these challenges and the
eradication of poverty. Using a desk study approach, this paper assesses
how Ghana can harness the innovative potentials of green
entrepreneurship to foster the attainment of sustainable development.
Description
Ghana Social Science Journal, 13(2)
Keywords
Green economy, green entrepreneurship, sustainable development, environment