The role of social capital in the survival of small-scale commercial transport operators: a case study of ‘Tro-tro’ drivers at the Ashaiman Main Station

One of the most effective forces propelling entrepreneurial firms is thought to be social capital. Numerous studies have demonstrated that social capital can greatly improve livelihoods and survival at the individual and community levels. An increase in the formation, survival, and profitability of businesses is positively correlated with mobilizing the correct types of social capital, according to a study already done on the subject. These studies have established a link between social capital and survival, but there are still some unanswered questions. Particularly little is known about how "Trotro" (minibus) drivers use social capital in their daily activities or income-generating plans. Interviews with sixty-six (66) people were conducted by the researcher using a mix of qualitative and quantitative methods. Data from the field indicates that financial considerations were the primary driver for entering the tro-tro business. The study's conclusions point to significant and favourable connections between participation in the driving union and explanatory variables such as the respondents' household size, the number of years they had been in the "tro-tro" industry, and their income to support the family. Again, the findings show a favourable correlation between union membership and starting one's own business, working together to solve problems, and having a sense of community. The same cannot be said, however, regarding car ownership, driving association membership, and bank loan eligibility. Therefore, the study concludes that social capital, despite informal sector workers' lack of a defined welfare package compared to formal sector participants, represents a significant asset that is intended to generate various forms of advantages for them in times of need. Additionally, the analysis shows how social capital gives the tools for evaluating resources and assistance in vulnerable life cycles. According to the findings, it is advised that small-scale commercial drivers, especially new ones, establish strong relationships to direct the growth of their businesses because the advantages of being a part of such ties exceed the disadvantages.