4 than half 41 of the processors are engaged in other livelihood activities within the fishing
industry. Results indicate that, for the proportion of Smoked Fish Processors engaged in other
economic livelihood activities outside of the fishing industry, petty trading constitute 48.1, farming constitute 9.3, Agro processing 7.4, livestock rearing 4, food vendor 22.2
and vocational activities 9.3.
6. Business Capital
The main source of start-up capital of the Smoked Fish Processors was from their personal savings 53. More than half of the Smoke Processors raised their initial business start-up
capital through personal savings.
A significant proportion of the Smoked Fish Processors also raised their initial business start- up by purchasing the fish stock on credit and later paid back their creditors. Presently, the
practice of purchasing fish stock on credit is predominant among the micro and small processors has majority do not have the requisite working capital to purchase their inputs for
fish smoking processing activities.
A higher proportion 61.9 of the processors have working capital less than GHC5,000.00. This implies that for every 6 out of 10 processors have working capital for smoked fish
processing activities less than GHC5,000.00 USD1,315.
7. Savings and Micro-credit
The results indicate that majority 62.5 of the smoked fish processors have a savings account. This indicates that 6 in every 10 Fish Smoke Processor operate a savings account
with a Financial Institution.
The proportions that operate savings account with Universal Banks constitute 7.3, those that operate savings account with microfinance companies constitute 39.0 and
RuralCommunity Banks constitute 36.6. Majority of the Smoked Fish Processors save with 1
st
and 2
nd
Tier Microfinance Finance Institutions in Ghana. A greater proportion 61.9 of the Smoked Fish Processors have never taken a loan facility
from a Financial Institution in the country. Results from the study indicate that 64.4 of the Smoked Fish Processors uses family
members as labor for the processing activities. Significant proportions 58.1 of the Smoked Fish Processors use paid laborers as helping hands for their processing activities.
8. LaborHelping hands
Results from the study indicate that, of the proportion of Smoked Fish Processors who engaged the services of paid laborers, 52.7 of the processors hired 1
– 3 paid laborers. 40.9 of the processors hired 4 -6 paid laborers and 1.1 hired 7
– 10 paid laborers. A significant proportion of the Smoked Fish Processors hired 10 or more paid laborers.
Results from table 35 indicate that, majority 51.6 of the Smoked Fish Processors pay their hired laborers on daily basis. More than half of the processors pay their hired laborers on
daily basis.
A total of 551 female labor force is engaged by 149 Smoked Fish Processors giving an average of 4 female helping hands per processor. A total of 58 male labor force is engaged by
25 Smoked Fish Processors giving an average of 2 male helping hands per processor.
9. Marketing and Sales
