Womanizing and rapid unplanned child birth has been cited as part of reasons majority of Ghanaian businesses fail, according to the founder of the A&C mall Andrew Asamoah.

He claims that because business owners typically don't plan well, their companies don't survive their deaths.

Mr. Asamoah asserted that having children with numerous women frequently jeopardizes the viability of businesses.

Speaking in an interview on Odana TV, he said: “Because we don’t plan, you must have a vision, you must have a plan. You go some places, someone is a top-class tailor in England, and he makes sure that his son who went to a top-class school comes in, it’s planning."

"We don’t plan. And then you are doing business, and you start making money then you start doing women, too many women, having too many children then when you die it becomes a contention. I’ve seen it so much.”

Business owners should make sure that their families or other relatives are actively involved in their companies, advised Dr. Asamoah.

Adding that, this will keep businesses should they pass away or become physically unable to manage the affairs of the organization.