Abstract
This study investigates the feasibility of establishing a grant system to provide financial support to social enterprises in Ghana, drawing inspiration from the British National Lottery system. The study is grounded in the Theory of Demand for Gambles and the Expected Utility theory to understand the decision-making processes of lottery participants. The authors organised focus group discussions in the UK and Ghana and analysed relevant policies and guidelines. The research proposes the introduction of a Social Enterprises Support Lottery in Ghana. This lottery system is modelled after the British National Lottery, with modifications in the number of pools and prize tiers to enhance its attractiveness and revenue potential. The administration of funding processes involves a comprehensive allocation strategy, designating a significant portion of lottery proceeds to support social enterprises. To ensure the sustainability of the proposed model, the authors suggest a multifaceted approach, including collaboration with government agencies, rigorous regulatory frameworks, expert panels for funding allocation, and transparent operational mechanisms. The study envisions the proposed lottery system contributing to the achievement of various SustainableDevelopment Goals (SDGs) in Ghana, such as poverty reduction, decent work and economic growth, and improved health and well-being, as well as environmental preservation.
