Resumen
Widely seen is entrepreneurship being a key to competence which is necessary to build-up a developed economy globally. There is a consistent relationship between economic prosperity and entrepreneurial activities which have been confirmed by numerous studies from different theories perspectives at global level. The purpose of the research is to evaluate the effect of farmer entrepreneur and economic development using qualitative research approach where a score of successful entrepreneurs in all transcripts of interviews were analyzed by using the grounded theory. The results revealed that the farmer entrepreneur increased their competence through knowledge, skills and attitude. The "knowledge" results in the entrepreneur being a strategic planner, managing people and use technology. Skills acquired makes him a goal getter and negotiator.Finally, he will have a positive attitude toward his work and customers and be proactive and tolerant. These attributes assist the entrepreneur to affect and develop the economy of Ghana.