This paper examined the problems encountered by Ghanaian entrepreneurs in attaining their business objectives in the
micro-small business set up. This paper identified and analysed 38 key problems facing micro-small businesses in Ghana.
Questionnaires were employed for data collection. A total of 255 respondents took part in this survey. Factor analysis and
structural equation modelling were used to investigate the phenomenon. Confirmatory Factor Analysis was run and structural
models were developed. The results of the structural equation model showed that financial problems, raw materials, market,
technology, governmental and managerial problems were significant, so far as Ghanaian entrepreneurs operating micro-small
business are concern. Policy recommendations are therefore suggested
