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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8711

Title: The constraint in credit accessibility among the SMEs in Ghana. A case of selected businesses in the Kumasi metropolis
Authors: Arthur, Mary
Issue Date: 12-Apr-2016
Abstract: The main objective of the study is to determine the challenges SMEs face in accessing credit within the Ashanti Region of Ghana, precisely Kumasi metropolis. Taking cognizance of some of the alternative sources of funding the SMEs are resorting to and how viable these alternatives are as well as the diverse instruments the Government of Ghana can extend to curb such challenges of the SMEs in the country. In most jurisdictions, the study examined the detailed profile of the SMEs in Kumasi metropolis, explained that most SMEs are micro entrepreneurs where they employ less than 15people considerably dominated by the trade and commerce sector to transform the economy. Again, the existence of these financial institutions towards entrepreneurial growth and to address the various problems encountered by the SMEs in credit accessibility. The study also indicated that the Government of Ghana with its financial institutions have brought positive effect on the growth of the SMEs through managerial training, better access to loans, savings enhancement and provision of businesses by the Microfinance and Small Loans Centre(MASLO C) and Ghana Venture Capital Trust Fund(GVCTF) to dominate. Irrespective of the various contributions of the Government, there are still many problems which tends to affect the operations of the SMEs, presented as high rate of interest charges by banks, poor credit history, high cost of taxes, changes in the environment such as globalization, political, social, economic and technological differences which result in the limited knowledge of business opportunities leading to non-productivity. In order to enhance a sustained and accelerated growth in the industry of SMEs, there must be a united body to implement some restrictive measures of managerial via employee training programs for all enterprises to be equipped as well as bargaining with the various financial institutions on the high interest rate levels to a reduction
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)
URI: http://hdl.handle.net/123456789/8711
Appears in Collections:College of Arts and Social Sciences

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