Journal articles: 'Small business in Ghana'

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Blankson, Charles, Kirsten Cowan, and William K. Darley. "Marketing Practices of Rural Micro and Small Businesses in Ghana." Journal of Macromarketing 38, no. 1 (November 30, 2017): 29–56. http://dx.doi.org/10.1177/0276146717741067.

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Using social identity theory and social capital theory as a backdrop to understand the context of subsistence marketplaces, this study investigates how rural micro and small businesses engage in marketing practices and how poverty reduction policies affect micro and small business activities and growth. The results show that rural micro and small businesses weave morality and religiosity into their commercial activities and survive in a competitive subsistence marketplace by engaging with social networks, relationships with customers, and relationships with staff. The interdependence among these relationships contributes to the competitive positioning of the business and its intelligence gathering. Despite the existence of government programs to fund micro and small business startups, most owner-managers use social networks to initially fund and grow their businesses. The paper ends with implications and future research directions.

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Gyimah, Prince, and Williams Kwasi Boachie. "Effect of Microfinance Products on Small Business Growth: Emerging Economy Perspective." Journal of Entrepreneurship and Business Innovation 5, no. 1 (June 1, 2018): 59. http://dx.doi.org/10.5296/jebi.v5i1.12378.

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Small businesses play significant role to the economic stability and development of emerging economies, and access to financial services is crucial to their growth and performance. This study seeks to ascertain whether microfinance products such as loans, savings, insurance, and education effects small business growth in Ghana. The study uses descriptive and inferential statistics on responses of 248 small business owners for data analysis. Using a multiple linear regression analysis, the study found that all the microfinance product or services positively affects small business growth, and the greatest influence is micro loans. This study contributes massively to exact literature to the growth of microfinance institutions (MFIs) and small businesses in emerging economy, Ghana. The study can assist MFIs to assess the effectiveness of their product or services, and can also serves as a guide to an effective utilization of available scarce resources leading to growth of small businesses in emerging economies.

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Abor, Joshua, and Nicholas Biekpe. "Small Business Reliance on Bank Financing in Ghana." Emerging Markets Finance and Trade 43, no. 4 (August 2007): 93–102. http://dx.doi.org/10.2753/ree1540-496x430405.

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Amo Yartey, Charles. "Small business finance in Sub‐Saharan Africa: the case of Ghana." Management Research Review 34, no. 2 (January 25, 2011): 172–85. http://dx.doi.org/10.1108/01409171111102795.

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PurposeThis paper aims to examine how unlisted companies in Ghana finance their growth and to what extent do they rely on internal finance relative to external sources of finance. Additionally, the paper seeks to investigate the determinants of the capital structure of unlisted companies in Ghana.Design/methodology/approachThe paper uses the Singh‐Hamid methodology as well as panel data techniques to evaluate the financing decisions of unlisted companies in Ghana.FindingsThe analysis shows that unlisted firms in Ghana finance most of their growth from external debt and they are also characterized by shorter debt maturity. The results also show that the dominant factors affecting the debt equity ratios of unlisted firms in Ghana are size, firm growth, tangibility, profit margin, and financial development.Research limitations/implicationsOverall, the evidence in this paper suggests that standard models of corporate finance can be applicable to unlisted companies in Ghana.Practical implicationsInformative when planning for future development of the small business sector of the Ghanaian economy.Originality/valueProvides empirical evidence on how unlisted companies in Ghana finance their growth and what determines their capital structure.

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Okpeyo, Ebenezer Teye, Alhassan Musah, and Erasmus Dodzi Gakpetor. "Determinants of Tax Compliance in Ghana:." Journal of Applied Accounting and Taxation 4, no. 1 (March 30, 2019): 1–14. http://dx.doi.org/10.30871/jaat.v4i1.935.

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The study examined the factors that influence tax compliance by small and medium tax payers, the difference in the level of compliance between small and medium tax payers and strategies to improve tax compliance in Ghana. The study through stratified sampling technique sampled 100 small and medium tax payers in Accra and other GRA officials for the study. Data was analyzed qualitatively and quantitatively. The results of the study showed that compliance cost, tax rates, tax audits and morals of taxpayers significantly influenced tax compliance. The GRA also indicated that unions and associations of businesses could help increase voluntary tax compliance of small and medium tax payers in Ghana. The study findings provide evidence that there is a significance difference in the tax compliance level between small and medium scale enterprises. The difference can be largely attributed to the inability of small enterprises to file their tax returns on due dates and also to keep proper books of records of their business transactions. The study recommends organizing workshops for businesses to train them on the need to pay their taxes and keep proper records of their transactions, increasing the rate of audits of businesses, imposing fines and penalties for defaulting businesses.

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Addae-Boateng, Samuel, and Smile Gavua Dzisi. "Innovation enhancement in family business SMEs in Ghana." International Journal of Innovation Science 8, no. 4 (December 5, 2016): 388–403. http://dx.doi.org/10.1108/ijis-07-2016-0014.

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Purpose Family businesses are essential for economic growth and development through new business start-ups (entrepreneurship) and growth of existing ones. As competition is fierce, the ability of a company to buoy up its business practices and exceed its own – and its competition’s – expectations through innovation – is critical to survival. In managing family businesses (mostly small and medium-sized enterprises [SMEs]) in the current globally competitive landscape, entrepreneurs must be creative and behave in ways that galvanize workers to be innovative. This study attempts to ascertain the strategies management adopt to heighten innovation in family businesses. Design/methodology/approach Both qualitative and quantitative techniques were used for gathering and analysing data based upon which conclusions were drawn. Findings The study revealed that seven factors should be assessed by SMEs that are family firms to determine the innovative ideas that are promising to be pursued, which are the uniqueness of the idea, its market potential, cost, expert advice, the impact of both current and future environmental forces, availability of raw materials and supplies and the idea’s future appeal. Originality/value This is perhaps the first detailed study of strategies that could be adopted by entrepreneurs and/or managers to heighten innovation in small and medium family firms, which also points out the factors/criteria used to determine which initiatives have higher chances of success – hence deserving to be pursued.

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Etim, Alice, David N. Etim, and George Heilman. "Gender Differences in ICT Use Among Small Business Owners in Ghana." International Journal of ICT Research in Africa and the Middle East 8, no. 1 (January 2019): 1–14. http://dx.doi.org/10.4018/ijictrame.2019010101.

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In the last two decades, microfinance institutions across regions have helped to financially build small businesses in areas of disadvantaged populations. The efforts in providing entrepreneurs with small non-collateralized loans (or micro-loans) along with developing cooperative programs for entrepreneurs were reported in earlier studies as being helpful in alleviating some borrowers from extreme economic poverty. However, early warning signals were raised about whether microfinance institutions were benefiting themselves more than the poor. This article assesses the differences in attitudes toward the use of information and communication technology among small business owners in Ghana that have access to micro-loans. The findings indicate significant differences between interest payers and interest non-payers based on region of the country, age, education, and membership in an entrepreneurship program.

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Mensah, Emmanuel Oppong. "Assessing the Impact of Electronic Business on the Performance of Small and Medium-Sized Businesses in Kumasi, Ghana." TEXILA INTERNATIONAL JOURNAL OF MANAGEMENT 7, no. 2 (August 30, 2021): 129–46. http://dx.doi.org/10.21522/tijmg.2015.07.02.art012.

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The study evaluated how electronic business impacted the performance of a selected small and medium-sized enterprises (SMEs) in Kumasi. A convenient sample of 50 SMEs in wholesale and retail of consumer goods in Kumasi were selected at random to be surveyed; however, only 30 responded. Structured questionnaires were used to collect quantitative data from the participants to answer the research questions. The results were statistically analyzed to draw conclusions. The results revealed that, to a large extent, the businesses used e-business methods in several ways to undertake five categories of business activities which include advertising, customer support service, marketing, payment system, and order and delivery. Several factors influenced the adoption and use of e-business methods by the businesses, but the most influencing ones were the businesses’ customers’ low use of e-business and telecommunications services not being very dependable. It was also discovered that the adoption and use of e-business made positive impact on the businesses’ performance. It is therefore recommended that more SMEs be encouraged and assisted to fully embrace the use of e-business.

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Agyapong, Ahmed, and Raheema Boakye Boamah. "Business Strategies And Competitive Advantage Of Family Hotel Businesses In Ghana: The Role Of Strategic Leadership." Journal of Applied Business Research (JABR) 29, no. 2 (February 13, 2013): 531. http://dx.doi.org/10.19030/jabr.v29i2.7654.

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Although family businesses contribute largely to the world output, little is known in literature about their mode of operations in the family hotels. The study aims to address the knowledge deficit on this critical component of the economy by investigating the experiences of family hotels in Ghana to gain a better understanding of the factors that facilitate the competitive positioning of family businesses. This paper investigates the moderating influence of strategic leadership on business strategies and performance of family hotel businesses in Ghana. The findings indicate that cost leadership, differentiation and strategic leadership enhance the performance of family hotel businesses in Ghana. It further showed that strategic leadership moderate the influence of both cost leadership and differentiation strategies on the performance of family hotel businesses

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Nimoh, Fred, Kofi Poku, Kwasi Ohene-Yankyera, Flemming Konradsen, and Robert C. Abaidoo. "Constraints and motivations to sanitation business in peri-urban communities in Ghana." Journal of Water, Sanitation and Hygiene for Development 4, no. 4 (July 25, 2014): 692–98. http://dx.doi.org/10.2166/washdev.2014.072.

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Ghana lags behind the Millennium Development Goals' target for sanitation, despite widespread effort by the central government. Lessons from the historical shortcomings of Ghana's sanitation policy now call for public–private partnership in the management of sanitation in Ghana. Using observations and in-depth interviews with small-scale sanitation service providers, this study investigated the constraints and motivations of sanitation-related businesses in peri-urban communities in the Ningo–Prampram district of Ghana. Both quantitative and qualitative methods were used for data analyses and reporting. The study found that there exist various sanitation-related businesses such as masons/latrine builders, hardware suppliers and pit-emptier, in the study area whose activities are constrained by some financial, logistical, institutional and social challenges which limit their performance. Nonetheless, the operation of a sanitation business in the study communities was found profitable, and service providers are motivated by the financial returns and other non-financial benefits to remain and continue in their respective businesses. Policy efforts by the government and other stakeholders toward addressing the constraints to sanitation business are crucial for increased private sector participation and better service delivery to all stakeholders in the sanitation market, and the Ghanaian economy as a whole.

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Alhassan, Yahaya, and Uzoechi Nwagbara. "Institutions, Corruption and Microfinance Viability in Developing Countries: the Case of Ghana and Nigeria." Economic Insights – Trends and Challenges 2021, no. 2 (2021): 61–70. http://dx.doi.org/10.51865/eitc.2021.02.06.

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This article focuses on the role corrupt institutions (microfinance institutions) play in microfinance not being accessible for business development in Africa. It specifically sheds light on the contexts of Nigeria and Ghana to tease out the challenges and opportunities for small businesses consequent upon a culture of corruption in these countries and associated challenges for small business owners and entrepreneurs as well as microbusiness development. As well-known, in many developing countries with a high level of corruption, there is potentially a high incidence of institutional void, which presents setback and challenges for businesses to thrive. Microbusiness development relies largely on effective institutions to develop, and in situations where institutions are corrupt, these challenges are rather redoubled thus posing a threat to entrepreneurship development. Therefore, these contexts enable us to understand and interrogate the challenges facing microbusiness development, where corrupt microfinance institutions exist, as well as business opportunities if these corrupt institutions were not present. Thus this paper argues that for businesses to thrive enabling and effective institutional mechanisms are crucial, which will facilitate opportunities for microbusiness development.

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Mintah, S., and S. Darkwah. "Drivers of Informal Sector Participation of Small and Medium Enterprise in Ghana." Scientia Agriculturae Bohemica 49, no. 1 (March 1, 2018): 60–67. http://dx.doi.org/10.2478/sab-2018-0010.

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Abstract The informal sector of Ghana has been growing amidst the recent economic development in this country. The study investigated the drivers of informal sector participation by SMEs in Ghana and made use of a Chi-square statistical methodology to analyze the drivers of SME participation in the informal sector of Ghana. Analyses from the study showed that gender can be deemed as a driver for SME participation in the informal sector of Ghana. Gender was significant at 0.012 with registration of business enterprise and 0.055 with tax obligation of respondents. The educational level of SME operators had an impact on registration and tax obligation and therefore can be deemed as a driver of SME participation in the informal sector of Ghana. However, the level of education was insignificant to registration and tax obligation but had a strong correlation to these variables. The study also showed that women are more likely to participate in the informal sector of Ghana as compared to men and also that there is a high tendency of not paying tax among SME operators in the informal sector of Ghana. A very low educational level among SME participants was recorded with over 60% of the respondents not having any formal education. Based on the findings of the study, a country-wide research can be done to ascertain the socio-economic determinants of informal sector participation in Ghana. Also, the study highly recommends policies that can harness the usefulness of informal sector.

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Boadu, Francis, Gabriel Dwomoh, Sarpong Appiah, and Elizabeth Dwomo-Fokuo. "Venture Capital Financing: An Opportunity for Small and Medium Scale Enterprises in Ghana." Journal of Entrepreneurship and Business Innovation 1, no. 1 (March 3, 2014): 1. http://dx.doi.org/10.5296/jebi.v1i1.5187.

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The paper aims to increase the understanding of venture capital industry in Ghana by examining the role of venture capital financing in aiding small and medium scale enterprises (SMEs) in Ghana. Using the conventional questionnaires administration and interviews, analysis of data collected from the Venture Capital Trust Fund (VCTF) and SMEs supported by venture capitalist (VCs) revealed that venture capital companies contributes in the area of fresh funds (23.8%), adding value by providing the beneficiaries with skills/training (33.3%), access to business opportunities (26.2%) and advisory services (16.7%). The findings also show that venture capital financing has a positive and statistically significant impact on job creation (33.3%), revenue for VC and SMEs (33.3%), business growth (16.7%) and expansion (16.7%) in a manner consistent with economic expectation.

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Adzroe, Erik, and Bankole Awuzie. "Leveraging e-business technology for construction procurement improvement: Qualitative perspectives from Ghana." International Journal of Construction Supply Chain Management 8, no. 1 (July 31, 2018): 43–59. http://dx.doi.org/10.14424/ijcscm801018-43-59.

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e-Business technology adoption within the Ghanaian construction context has been described as abysmal, particularly among Ghanaian construction micro and small businesses (GCMSBs). Elucidating the salience of e-business technology in engendering construction procurement improvement, this study focuses on the development of capability within GCMSBs to engage with, and benefit from, the adoption of such technologies. The study adopts a qualitative multi-case study research design. Consequently, three (3) projects were selected based on pre-determined case selection criteria. Forty-five (45) interviewees were recruited from the projects and government agencies in a manner suggestive of purposive sampling. Excerpts from the interview sessions were transcribed and subsequently, analysed through thematic analysis. Findings confirmed that the absorptive capability of GCMSBs were indeed at a low level due to inadequate training and education, and; non-investment in capability development. A conceptual model to facilitate the adoption process in GCMSBs was proposed. These findings, as epitomized in the conceptual framework, contribute to the burgeoning discourse on the development of innovative capabilities within Micro and Small businesses in the construction industry in developing economies. Furthermore, this study highlights the positive influence of the adoption of e-business technologies on the capacity and capability of GCSMBs. Such improvements on the part of these firms through the framework will translate into optimal working relationships between them and foreign construction firms working within the local Ghanaian context. And, through such relationships, foster growth within these GCSMBs.

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Ansong, Georgina. "Debt Management Challenges Facing Small Business Holders of Kaneshie Market, Accra-Ghana." American Journal of Industrial and Business Management 11, no. 07 (2021): 785–803. http://dx.doi.org/10.4236/ajibm.2021.117049.

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Ayiku, Andrews, and E. Stephen Grant. "Entrepreneurial Marketing Skills and Small-Scale Business Performance: The Case of Ghana." Journal of Comparative International Management 24, no. 1 (September 21, 2021): 43–60. http://dx.doi.org/10.7202/1081421ar.

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The development of SMEs serves as a tool for creating employment opportunities in developing countries. SME growth can be attributed to how owners and managers use entrepreneurial marketing skills in their day-to-day operations. A quantitative study was used to gain an understanding of the application of marketing skills in SMEs and the development of SMEs in Ghana. Findings indicate that entrepreneurs acquire marketing skills during their years of operation, however, these skills are not in tune with modern business trends and market competition. Establishing marketing departments and equipping business owners with marketing skills enables their ability to deal with volatile consumer demands. Likewise, requisite marketing skills enable market understanding, new marketing approaches, and the design of demand driven products and services

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Tuffour, Joseph Kwadwo, Dinah Akuffo, Awuah Ayebi Kofi, Philip Agyemang Frimpong, and Terrick Sasu. "Adoption of Mobile Commerce and Service in Adentan Municipality of Ghana: An Examination of Factors Influencing Small Enterprises." International Business Research 11, no. 11 (October 16, 2018): 109. http://dx.doi.org/10.5539/ibr.v11n11p109.

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After the introduction of mobile commerce and service, people have acceptance, adopted and used the services for various purposes. However, little attention has been given its continual usage in small enterprises sector in Ghana. Also, studies on the benefits to businesses and barriers of use of mobile commerce and service have been carried out, but extensions of the studies to include examination of the effect of social and demographic factors of small business owners on mobile services use is lacking in the small enterprises sector in Ghana. The study investigates the factors which determine the adoption of mobile commerce and services among small enterprises in the Adentan Municipality of Ghana. The objective of the study is to determine the effects of demographic factors, experience and attitude on the adoption of mobile commerce and service. Data was collected using questionnaires administered to 400 owners of small enterprises in Adentan Municipality. Using structural equation model analysis, the results show that males have less attitude to use mobile commerce and service than females. Also, as people age, attitude to use mobile commerce and service improves. Education and experience have positive effect on attitude to use mobile commerce and service. On the contrary, there is a negative effect of income on attitude. There is a significant positive effect of attitude on mobile commerce and service’s actual usage. The study recommends that, internet service practitioners should develop effective strategies and tactics to improve the attitude to use mobile commerce and service among small businesses owners in Ghana.

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Boakye, Alfred Asuming, Richard Ampadu-Ameyaw, George Owusu Essegbey, and Justina Adwoa Onumah. "SUCCESS FACTORS FOR MICRO AND SMALL AGRIBUSINESS ENTERPRISES (MSES) – THE CASE OF GHANA." Journal of Agribusiness and Rural Development 47, no. 1 (August 20, 2018): 6–12. http://dx.doi.org/10.17306/j.jard.2018.00406.

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Micro and Small Enterprises (MSEs) are consideredto be engines of economic growth worldwide. Their efficiencyand competitiveness is critical to the creation of employment,income generation and poverty reduction and thereby to generalgrowth of the economy. However, studies on MSEs inGhana have mainly focused on the financial performance withlittle or no attention paid to the contribution of environmentaland socio-demographic factors to entrepreneurial success.The data for this study was obtained from Micro and SmallEnterprises (MSEs) in some twenty districts across Ghana.A total of 2899 entrepreneurs were interviewed. A binary logitregression was used in determining the impact of socio-demographicand environmental factors on entrepreneurial businesssuccess. As shown by the results, the odds of business successincrease by 67% if the formal education period is extendedby one year. Supportive environmental factors also significantlycontribute to business success. This study recommendsa policy that will help improving access to market for MSEs.Policy makers should consider strengthening the potential ofinstitutional support in terms of market information deliveredby public institutions to enhance the business success of agribusinessentrepreneurs in Ghana.Micro and Small Enterprises (MSEs) are consideredto be engines of economic growth worldwide. Their efficiencyand competitiveness is critical to the creation of employment,income generation and poverty reduction and thereby to generalgrowth of the economy. However, studies on MSEs inGhana have mainly focused on the financial performance withlittle or no attention paid to the contribution of environmentaland socio-demographic factors to entrepreneurial success.The data for this study was obtained from Micro and SmallEnterprises (MSEs) in some twenty districts across Ghana.A total of 2899 entrepreneurs were interviewed. A binary logitregression was used in determining the impact of socio-demographicand environmental factors on entrepreneurial businesssuccess. As shown by the results, the odds of business successincrease by 67% if the formal education period is extendedby one year. Supportive environmental factors also significantlycontribute to business success. This study recommendsa policy that will help improving access to market for MSEs.Policy makers should consider strengthening the potential ofinstitutional support in terms of market information deliveredby public institutions to enhance the business success of agribusinessentrepreneurs in Ghana.

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Ali, Rabi Sidi. "Determinants of female entrepreneurs growth intentions." Journal of Small Business and Enterprise Development 25, no. 3 (June 18, 2018): 387–404. http://dx.doi.org/10.1108/jsbed-02-2017-0057.

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PurposeThis paper seeks to find factors that influence the growth intention of female-owned small businesses in the Ghana’s tourism sector. The purpose of this paper is to investigate why some female entrepreneurs achieve growth objectives while others do not.Design/methodology/approachIn this study, the authors seek to understand the growth intention within the tourism sector because it is not clear why some female entrepreneurs in Ghana pursue growth. The study applies quantitative techniques. A questionnaire survey was conducted with 110 female tourism entrepreneurs in Ghana. Data analysis was conducted using the non-parametric procedures of Spearman’s rank correlation.FindingsThe findings of this research reveal that female tourism entrepreneurs in Ghana feel they can expand without entrepreneurial ability(ies). However, the growth of the venture is restricted by the lack of financial resources. Opportunities in the tourism sector do generate more customers, but cannot alone determine growth intentions. Furthermore, an important finding of this study is that business advisory services do not contribute significantly to the growth intention of the venture. The research made clear that the pursuance of growth is related to different types of opportunities and finance leveraging.Research limitations/implicationsThe study has gender-specific, industry-specific, size-specific and region-specific limitations. Another limitation is focus on entrepreneurial ability, opportunity and business advisory support services as determinants of female entrepreneurs’ growth intention.Practical implicationsThis study provides useful information for government, business agencies and academics seeking reasons on why female entrepreneurs have low growth intentions. Policy measures are provided in assisting women in achieving their growth aspirational needs and suggestions are recommended to encourage women to grow their small tourism businesses.Social implicationsThe research will contribute to improve the socio-economic status of women entrepreneurs in Africa.Originality/valueThis paper addresses an under-researched area of female tourism entrepreneurs and their growth intention from the perspective of a developing country such as Ghana.

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Issau, Kassimu, and Sanjay Soni. "Business Orientation and Performance of Small and Medium-Sized Enterprises: Evidence from Ghana." African Journal of Business and Economic Research 14, no. 4 (December 13, 2019): 53–79. http://dx.doi.org/10.31920/1750-4562/2019/14n4a3.

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Lim, Setiadi Alim, and Galuh Artika Febriyanti. "PENCATATAN DATA TRANSAKSI KEUANGAN PADA USAHA MIKRO DAN KECIL: STUDI KASUS DI KAMPUNG ROTI SURABAYA." Jurnal Bisnis Terapan 1, no. 02 (January 26, 2018): 33–46. http://dx.doi.org/10.24123/jbt.v1i02.793.

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Research from Dawuda and Azeko (2015) in Bolgatanga Municipality, Ghana found that 75% of small businesses do not record financial transactions and only 25% have recorded financial transactions. This study aims to examine whether 75% of micro and small enterprises such as the findings of Dawuda and Azeko (2015) do not record financial transaction data. In addition, it will also be examined whether the recording of financial transactions data according to micro and small enterprises is useful or not to measure business performance, the need to apply for credit and tax purposes. The object of research is micro and small business in Kampung Roti, Surabaya. From population of 65 micro and small enterprises in Kampung Roti, Surabaya taken 38 micro and small enterprises as sample. The results showed that 75% of micro and small enterprises did not record financial transaction data. According to 75% of micro and small enterprises recording financial transaction data does not provide benefits to measure business performance, the need to apply for credit and tax purposes. There is a relationship between the decision of micro and small enterprises to do or not to record financial transaction data with measuring business performance, the need to apply for credit and tax purposes.

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Dzisi, Smile, and Christopher Selvarajah. "Innovation and the Success of Women's Small Scale Enterprises in Ghana." International Journal of Technology and Management Research 1, no. 1 (February 17, 2020): 1–11. http://dx.doi.org/10.47127/ijtmr.v1i1.2.

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Innovation is fast becoming a crucial factor in enterprise performance, growth and survival. In recent years, a growing number of studies have demonstrated how innovation leads to success in larger enterprises. Literature addressing innovation in small enterprises in developing countries is limited; most studies in this field are from developed countries. This study therefore aimed at filling the gap by firstly, exploring the innovations introduced in the Ghanaian women-owned small enterprises, and secondly finding out the relationship between these innovations and the women's business success. The innovative practices explored were the introduction of new products and processes, identification of new sources of raw materials and new markets. Quantitative and qualitative approaches are combined in data collection and analysis. Data has been obtained from a survey of 421 Ghanaian women entrepreneurs and interviews conducted with 50 of those women. The results in the study indicated that the small enterprises engaged in various types of innovative practices such as the adoption of fuel efficient processing methods, diversification of product line, improved packaging and opening of new market outlets. These innovative practices have contributed to the success of the enterprises. Their success factors include self-fulfillment, wealth creation and positive impact on the Ghanaian economy. These findings have policy implications for improved technology and funds allocation to enhance women's role in economic development. Keywords: Innovation; Business growth; Women-owned small enterprises; Schumpeter's entrepreneurship perspective.

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Tsamenyi, Mathew, and Nana Yaa Antwi-Gyamfi. "mSimps: decision-making in scaling up a small business." Emerald Emerging Markets Case Studies 6, no. 2 (June 6, 2016): 1–26. http://dx.doi.org/10.1108/eemcs-03-2015-0050.

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Subject area Entrepreneurship. Study level/applicability This case is suitable for graduate-level programmes in business management, as well as for executive education programmes. Case overview Mabel Simpson, the sole proprietor of the award-winning mSimps fashion accessories house in Ghana, must choose from among three options for scaling up her business: an offer from a private investor for GHS 100,000 in exchange for 51 per cent stake in mSimps; or 30 per cent stake for half the amount; an offer from a fashion industry expert for GHS 10,000 in exchange for 30 per cent ownership; or a restructuring of her business model and value chain to enable her release cash to grow her business organically. Expected learning outcomes Students should be able to: understand the interplay of choice and trade-offs in business management and apply theory-driven frameworks in making optimal choices and analytically assess instances of tension between the art (e.g. passion, emotional stakes, psychological and other influences on business management philosophies) and science (e.g. the need for business skills, use of effective models and the quest for production efficiency) of business management. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 3: Entrepreneurship

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SACKEY, JOCELYN, YLVA FÄLTHOLM, and HÅKAN YLINENPÄÄ. "WORKING WITH OR AGAINST THE SYSTEM: ETHICAL DILEMMAS FOR ENTREPRENEURSHIP IN GHANA." Journal of Developmental Entrepreneurship 18, no. 01 (March 2013): 1350005. http://dx.doi.org/10.1142/s1084946713500052.

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The aim of this paper is to address entrepreneurship and ethics from the perspective of the Ghanaian entrepreneur in small and medium-size enterprises to extend our understanding of issues influencing entrepreneurial behavior in developing economies such as Ghana. Our study specifically addresses three typical situations in which business ethics are challenged: (1) When applying for business information and permits, (2) When competing for business contracts and financing and (3) When dealing with tax authorities. Relying on in-depth case-study data from 22 entrepreneurs, the paper conceptualizes entrepreneurial behavior related to business ethics and identifies several important challenges to overcome to enable economies to build a more effective market economy.

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Coleman, Martha, and Daniel Odei Okyere. "Financing Small Scale Oil Palm Producers in the Western Region of Ghana-Ahanta West District." Business and Economic Research 6, no. 1 (April 17, 2016): 272. http://dx.doi.org/10.5296/ber.v6i1.8808.

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Business finance has been a major problem facing most businesses, both the small and large companies as well as the medium ones. Small and Medium Scale Enterprises (SMEs) are no exceptions of the problems faced by businesses. These enterprises are mostly managed by low income earners. Some of these enterprises cannot grow into large companies because of lack of funds. The objectives of the study are to identify the various forms of funds available to SMEs in the oil palm producing sector of the Ahanta West District of the Western Region of Ghana, find out the funds that have been actually accessed by oil palm producers in the Ahanta West District, and identify some other means of financing the oil palm production. The study revealed that majority of oil palm producers in the Ahanta West District finance their operation with personal savings and have not accessed any loan from the banks.

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Adusei, Charles, and Isaac Tweneboah-Koduah. "Small enterprises and banking in rural Ghana." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 3 (April 30, 2020): 175–81. http://dx.doi.org/10.20525/ijrbs.v9i3.696.

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This study aim is to explore owners of small enterprises' appreciation of bank’s role in developing their businesses and the challenges that come along in accessing banking services in the context of Sefwi-Bekwai which is a rural community. Questionnaires were used to solicit information from the owners while descriptive statistics aided the data analysis. The study found that the main source of start-up capital is the owner’s funds whiles saving was recorded as the key benefit of banking. It further revealed that the high-interest rate charged was a barrier in accessing loans and the effect of bank relations was sound financial management for the SME’s operations. The paper suggests the need for small enterprise owners in the rural communities to form an association for their benefit in terms of taking advantage of group lending and demanding support and relief from relevant authorities. Improved institutional support would also give small enterprises better access to the information they need for financing and growth.

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Asiedu, Elvis. "Transnational Entrepreneurship & Ghanaians Abroad: What are the Motives? A Case Study in Europe and United States of America." International Journal of Social Sciences and Management 4, no. 3 (July 27, 2017): 210–22. http://dx.doi.org/10.3126/ijssm.v4i3.17262.

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Using data collected from Ghanaians living in the United Kingdom, and the USA; this research examined the motives that drive the performance of transnational entrepreneurship, the mobility involves and why such businesses normally fail. The study was conducted in 2013-2017; with a population size of 120 Ghanaians living in the UK and the USA. The objective was to find out what really drives the performance of these entrepreneurs who operate in a condition where costs may be known but rewards are uncertain, yet they are motivated. The research employed both deductive and exploratory approach and the methods were both primary and secondary. The study focused on small-scale entrepreneurs who run their businesses through personal social connections.The general results show that though individuals motives for seeking self-employment are diverse and numerous; and differ on certain points. However, there are some basic motives common to all and that is majority of the respondents with the average score of 63.3% supported that Economic Mobility, Financial Independence, Success Perspective, and Social Factors, are the most driven factors for the engagement in transnational entrepreneurship. We discovered that in a small-scale business, where most often do not have the needed managerial capabilities to engage in corporation, trust can be used to avoid loses that might come as a result of someone’s misconduct. We also discovered that the successes of these entrepreneurs are based on attitudinal; the degree of embededdness in the home country; personal and the institutional regulations of the destination countries. The results found that Ghana Transnational Entrepreneurs (GTE) are more into Merchandising Business with (59.21%) as compared to Service Business (34.21%) and Manufacturing Business (10.53%); and such businesses are managed and run mostly by their families (59.21%). Ashanti Region of Ghana was spotted to be more involved in doing business with 52.63%. Int. J. Soc. Sc. Manage. Vol. 4, Issue-3: 210-222

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Dansoh, Ayirebi, Daniel Oteng, and Samuel Frimpong. "Innovation development and adoption in small construction firms in Ghana." Construction Innovation 17, no. 4 (October 20, 2017): 511–35. http://dx.doi.org/10.1108/ci-07-2016-0040.

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Purpose The purpose of this research is to identify the conditions under which the internal environment of small construction firms makes them either develop or adopt an innovation. Design/methodology/approach The research described in this paper adopted a qualitative case study approach. The data were obtained from multiple sources such as face-to-face semi-structured interviews with company representatives and from project reports. Findings The study identified that firms’ decision to either adopt or develop an innovation is determined by a complex interaction between their internal environment and 12 different conditions. Some of the findings contrast widespread perceptions in broader literature on innovation development and adoption in small construction firms. Research limitations/implications The study focused only on firms from two regions in Ghana. Additionally, adopting a purely qualitative approach meant that the quantitative impacts of the different factors were not presented. Practical implications The results can inform the decisions of agencies and persons wishing to invest their resources in innovation activities of small construction firms. It can also inform the policy debate and directions of government and industry associations looking to create innovation-friendly environments in the small business sector. Originality/value This research provides a better understanding of innovation development and adoption by small construction firms. Given that there is little previous research on innovation by small construction firms, especially in developing economies, the paper complements existing studies that generally focus on much larger firms and developed economies.

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Robson, Paul J. A., and Mark Freel. "Small firm exporters in a developing economy context: evidence from Ghana." Entrepreneurship & Regional Development 20, no. 5 (September 2008): 431–50. http://dx.doi.org/10.1080/08985620801919157.

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Owusu, Prince Kelvin. "Assessing the Implementation of Business Process Management on Selected Small and Medium Enterprises in Ghana." Asian Journal of Applied Science and Technology 04, no. 03 (2020): 82–90. http://dx.doi.org/10.38177/ajast.2020.4312.

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Spio-Kwofie, Adelaide, Hu Xuhua, Michael Addai, and Henry Asante-Antwi. "Improving Entrepreneurial Innovations for Sustaining Small Medium Hospitality Industry Growth in Ghana." JOURNAL OF ADVANCES IN HUMANITIES 5, no. 1 (April 19, 2017): 224–28. http://dx.doi.org/10.24297/jah.v5i1.6460.

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This study talks about improving entrepreneurial innovations of small medium hospitality industry (SMHI) in other to sustain it growth in Ghana. Successful stories about SMEs exist but are rare and this causes pauses for concern. Many researchers have established that innovations bring several benefits in countries that are industrialized. Responses from SMHI managers/owners indicate they totally agree small medium hospitality industry is better in relation to one's determination to introduces new service styles and product, good customer service, innovative in selling/ marketing and confidence in trying new service styles. We therefore, recommend management step up their innovative abilities by taking pride in customer needs /customer satisfaction as this will earn small medium hotels new and repeat customers in a highly perishable and competitive business environment.

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Osei-Assibey, Eric. "Source of finance and small enterprise's productivity growth in Ghana." African Journal of Economic and Management Studies 4, no. 3 (September 16, 2013): 372–86. http://dx.doi.org/10.1108/ajems-03-2012-0017.

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Quaye, Daniel M., Isaac Mensah, and Aborampah Amoah Mensah. "Customer relationship management practices affecting customer loyalty supporting small airline carriers in Ghana." International Journal of Electronic Customer Relationship Management 11, no. 4 (2018): 411. http://dx.doi.org/10.1504/ijecrm.2018.096249.

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Amoah Mensah, Aborampah, Daniel M. Quaye, and Isaac Mensah. "Customer relationship management practices affecting customer loyalty supporting small airline carriers in Ghana." International Journal of Electronic Customer Relationship Management 11, no. 4 (2018): 411. http://dx.doi.org/10.1504/ijecrm.2018.10017460.

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Gyimah, Prince, Kingsley O. Appiah, and Robert N. Lussier. "Success versus Failure Prediction Model for Small Businesses in Ghana." Journal of African Business 21, no. 2 (June 7, 2019): 215–34. http://dx.doi.org/10.1080/15228916.2019.1625017.

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Evans, Jocelyn D., and Evelyn Winston. "Loan delinquency among small business owners in Ghana: the importance of gender to the lending process." International Journal of Entrepreneurship and Small Business 5, no. 3/4 (2008): 318. http://dx.doi.org/10.1504/ijesb.2008.017306.

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Nketsiah, Isaac. "Financial Record Keeping Practices of Small Business Operators in the Sekondi-Takoradi Metropolitan Area of Ghana." Asian Journal of Economics, Business and Accounting 6, no. 3 (April 16, 2018): 1–9. http://dx.doi.org/10.9734/ajeba/2018/39291.

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Ansong, Georgina. "Assessing the Role of Training in Growing Women Small Business Holdings in Dansoman Market of Ghana." Journal of Human Resource and Sustainability Studies 09, no. 02 (2021): 317–36. http://dx.doi.org/10.4236/jhrss.2021.92020.

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Nyukorong, Remy, and William Quisenberry. "Character Traits Of Effective Executives: A Phenomenological Study Of Ceos In Ghana." European Scientific Journal, ESJ 12, no. 20 (July 30, 2016): 69. http://dx.doi.org/10.19044/esj.2016.v12n20p69.

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Leadership in organizations has been widely studied in the literature. However, scant research could be found exploring the critical personality characteristics business executives need to have in order to lead corporate organizations more effectively. This qualitative, phenomenological study was designed to investigate the lived experience of top-level business leaders in leadership roles. Ten Chief Executive Officers of Ghana Club 100 were interviewed and told their experience as leaders. The email and face-to-face interview transcripts were coded and analyzed for themes. The following personality attributes emerged from the study which were found to support and promote strong executive effectiveness: integrity, forward-looking, selfconfidence, emotional intelligence and maturity, and caring for others. The study significance provides information to Board of Directors of Ghanaian Corporations in the selection, promotion, and training of executive-level managers, and potentially lower the costs associated with losing highpotential executive leaders. The study findings could also help business schools and management consultants to focus better on preparing business leaders for the future. A major limitation of the study was the small sample size, which may require caution in generalizing the findings to the entire population. The current study is one of the first to be carried out in Ghana on leader personality traits.

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Appiah, Kenneth, Collins Osei, Habte Selassie, and Ellis Osabutey. "The role of government and the international competitiveness of SMEs." critical perspectives on international business 15, no. 4 (October 7, 2019): 296–322. http://dx.doi.org/10.1108/cpoib-06-2018-0049.

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Purpose The nature of international markets and the challenges with respect to the competitiveness of small- and medium-sized enterprises (SMEs) makes it imperative to examine government support. This study aims to assess the role and effectiveness of government and the export promotion agencies in supporting exports by non-traditional horticultural SMEs in Ghana. Design/methodology/approach The study used a qualitative research design, which involved semi-structured interviews with senior managers of six export facilitating institutions to gain an understanding of the services offered to SMEs with respect to exports of non-traditional horticultural products. Findings The findings reveal inadequate cost-efficient sources of non-traditional horticultural export financing for SMEs. This is a hindrance to the international competitiveness of exporting SMEs in developing countries such as Ghana. In addition, effective and coordinated support from export promotion agencies was found to be critical. Originality/value The study highlights the importance of government’s role in policymaking and implementation of export-led programmes for horticultural exporting firms in Ghana. Despite their strategic importance, this area of research has not attracted the attention of researchers, with little or no information on the horticultural international competitiveness of non-traditional horticultural products.

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Enu-Kwesi, Francis, Maria-Antoinette Adriana Quarshie, and John Victor Mensah. "Enhancing access to institutional financial support for small and medium enterprises in the Sekondi-Takoradi metropolis of Ghana." Journal of Business and Enterprise Development 7, no. 2017 (July 1, 2017): 22–41. http://dx.doi.org/10.47963/jobed.2017.02.

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This paper discusses the factors which affect access to financial support by small and medium enterprise (SMEs) in Sekondi-Takoradi. Financial resources are crucial in the life of all businesses including SMEs. However, access to financial support comes with the problems of information asymmetry, moral hazard and adverse selection. The factors that influence access to financial support are investigated using a non-interventional cross-sectional study design. Quantitative data were collected from 303 randomly selected SMEs using interview schedules, while qualitative data, using an interview guide, were obtained from 21 institutions offering financial support to SMEs in Sekondi- Takoradi. With the use of interpretations of the qualitative data, and descriptive statistics including cross tabulations, the results showed that interest rates, collateral, guarantors and, business and financial information, and financial literacy play a role in the access of institutional financial support by SMEs.

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ACKAH, CHARLES, RICHARD OSEI BOFAH, and DEREK ASUMAN. "WHO ARE AFRICA’S ENTREPRENEURS? COMPARATIVE EVIDENCE FROM GHANA AND UGANDA." Journal of Developmental Entrepreneurship 22, no. 04 (December 2017): 1750024. http://dx.doi.org/10.1142/s1084946717500248.

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Contemporary national development policy in many parts of the world is focused on the promotion of entrepreneurship. This is because policy makers see entrepreneurship as an important driver of economic development. Drawing on in-depth research in Ghana and Uganda, this paper provides a comparative analysis of the characteristics of entrepreneurs and their enterprises, their motives for choosing self-employment and the constraints to their businesses in Ghana and Uganda. Using a sample of over 1,000 micro and small entrepreneurs in each country, we found that Ghanaian entrepreneurs are much more motivated by necessity-driven motives while Ugandans are motivated by a combination of opportunity- and necessity-driven motives. Specifically, the factor analysis indicated that whereas Ghanaian entrepreneurs are significantly motived by “Work-family consideration” and “Low opportunity,” entrepreneurs in Uganda rated “Career consideration” and “Survival consideration” as their main motives for engaging in self-employment activities. On success, a much higher fraction of Ugandan entrepreneurs are found to be more successful than their Ghanaian counterparts. Comparatively, we found that Ghanaian businesses are significantly challenged with access to finance or credit; however, their counterparts in Uganda significantly face problems related to institutional weaknesses. Thus, from the factor analysis, “Financial problem” and “Institutional problem” were found to be significantly higher for Ghana and Uganda respectively. Hence, among others, Ghanaian policy makers can stimulate entrepreneurship by taking steps to reduce the level of financial constraints facing its entrepreneurs while in Uganda, much effort should be geared toward improving the business institutional environment.

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Atiase, Victor Yawo, Yong Wang, and Samia Mahmood. "FNGOs and financial inclusion: Investigating the impact of microcredit on employment growth in Ghana." International Journal of Entrepreneurship and Innovation 20, no. 2 (April 8, 2019): 90–106. http://dx.doi.org/10.1177/1465750319832478.

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Financial non-governmental organizations (FNGOs) are regulated microfinance institutions that operate with a social welfare logic in the delivery of microcredit to the financially excluded in Ghana. The microcredit is aimed at supporting the financially excluded individuals to create sustainable micro and small enterprises (MSEs) for the generation of both skilled and unskilled employment. From the institutional theory perspective, this study aims at investigating the impact of microcredit provided by FNGOs on employment growth among MSEs in Ghana. The major contribution of this study is the fact that, there is a little study on FNGOs and their impact on employment growth in the Ghanaian context. Therefore, this is one of the few studies that highlights the role of FNGOs in promoting financial inclusion through the provision of microcredit for employment generation purposes. Through a multiple regression analysis, the study uses primary data collected from 506 MSEs in Ghana. The results show that microcredit which is flexible in repayment mode, accessible and adequate has a positive impact on employment generation among MSEs in Ghana. However, the current cost of microcredit in Ghana has a negative impact on employment growth among MSEs.

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Amoah, John, Jaroslav Belás, Khurram Ajaz Khan, and Zdenko Metzker. "Antecedents of Sustainable SMEs in the Social Media Space: A Partial Least Square-Structural Equation Modeling (PLS-SEM) Approach." Management & Marketing. Challenges for the Knowledge Society 16, no. 1 (March 1, 2021): 26–46. http://dx.doi.org/10.2478/mmcks-2021-0003.

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Abstract Social media has become explosive, permeating every sphere of the socio-cultural lives of individuals and businesses, and causing nations to technologically evolve. The dramatic growth in the adoption and use of social media has become beneficial to Small and Medium Enterprises (SMEs), significantly contributing to resolving a nagging challenge of effectively advertising their goods and services. Consequently, SMEs can achieve business growth and sustainability through increased adoption and harnessing the opportunities provided through the use of social media. The COVID-19 pandemic has provided an impetus for both consumers and SME businesses to leverage interaction through social media, which may lead to business growth. This research thus sets out to identify how social media contributes to the growth of SMEs within a developing country context. To accomplish this objective, primary data was collected from SMEs in the hospitality industry across the sixteen administrative regions of Ghana using survey and simple random sampling techniques. Questionnaires were distributed to the managerial staff of each randomly selected survey participant. Out of the 900 questionnaires distributed, 718 were filled correctly for the data analysis. The researchers quantitatively analyzed the responses using Partial Least Square-Structural Equation Modeling(PLSSEM) statistical software ADANCO 2.0 version. The results indicated that Small and Medium Enterprises are capable of using social media for customer attraction, business marketing strategy, communication channel and increased financial performance.

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Alargi, Annie Babah. "Customer Relationship Management, A strategic Tool for Business Sustainability: The case of Small, Medium Enterprises in Ghana." TEXILA INTERNATIONAL JOURNAL OF MANAGEMENT 5, no. 1 (January 30, 2019): 73–84. http://dx.doi.org/10.21522/tijmg.2015.05.01.art008.

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Ansong, Georgina. "Challenges of Managing Risk in Small Holder Enterprises of Single Mothers in Kasoa Business District of Ghana." American Journal of Industrial and Business Management 11, no. 07 (2021): 804–28. http://dx.doi.org/10.4236/ajibm.2021.117050.

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Ayentimi, Desmond Tutu, John Burgess, and Kerry Brown. "HRM development in post-colonial societies." International Journal of Cross Cultural Management 18, no. 2 (April 2, 2018): 125–47. http://dx.doi.org/10.1177/1470595818765863.

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This article is based on a literature review that integrates history, institutions and culture to address the following research questions. First, how did human resource management (HRM) progress during post-colonial Ghana? Second, what factors are likely to undermine the advancement of HRM practices in Ghana? Finally, what are the implications for HRM practice and theory? This article identified several factors originating from the economic and socio-cultural system as driving forces underpinning the advancement of HRM practices in Ghana. Key issues are (i) Ghanaian cultural beliefs and assumptions; (ii) respect for social status, power and authority; (iii) the involvement of religious institutions in business activities; (iv) the dominance of small and medium scale enterprises in the local economy (informal sector); (v) education, skills development and training mismatch; and (vi) lack of HRM professionalization and regulatory body. This article argues the assimilation of history, institutions and culture connects comparative HRM practices and post-colonial studies to establish a detailed understanding of persistent colonial institutional inheritance (legacies) of HRM practices as against HRM practices that signify the effects of Ghanaian contextual distinctiveness. We conclude that the best practice is building a synergy of foreign HRM practices alien to Ghana and the culture-sensitive Ghanaian version that produces the best-fit HRM practices for Ghana.

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Mohammed, Ibrahim, and Alhassan Bunyaminu. "Major obstacles facing business enterprises in an emerging economy: the case of Ghana using the World Bank Enterprise Survey." Journal of Small Business and Enterprise Development 28, no. 3 (April 5, 2021): 475–87. http://dx.doi.org/10.1108/jsbed-04-2020-0110.

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PurposeThis paper aims at identifying the major obstacles to business enterprise in an emerging economy and how these obstacles are associated with different characteristics of the enterprises.Design/methodology/approachThe study relied on the World Bank Enterprise Survey data on Ghana and applied binary and ordinal probit regression techniques to estimate the associations between the characteristics of the enterprises and the identified obstacles. Significance testing of the associations is also conducted.FindingsThe five main obstacles perceived by most of the enterprises in the study are access to finance, electricity, access to land, customs and trade regulations and tax rates. These obstacles are associated in different ways to growth rate (high vs low growth), scale (small and medium vs large), age, size of employees, the experience of the top manager and ownership (wholly domestic vs foreign ownership).Research limitations/implicationsAs a cross-sectional study focusing on Ghana, the findings are informative about the major obstacles facing business enterprises in an emerging economy; however, the ecological validity of these findings may be limited to factors specific to Ghana.Originality/valueGiven the representativeness of the Enterprise Survey, policymakers can rely on these findings to formulate useful policies to promote the operations of business enterprises.

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Acheampong, George, Bedman Narteh, and John Rand. "Network ties and survival." International Journal of Entrepreneurship and Innovation 18, no. 1 (January 11, 2017): 14–24. http://dx.doi.org/10.1177/1465750316685337.

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Poultry farming has been touted as one of the major ways by which poverty can be reduced in low-income economies like Ghana. Yet, anecdotally there is a high failure rate among these poultry farms. This current study seeks to understand the relationship between network ties and survival chances of small commercial poultry farms (SCPFs). We utilize data from a 2-year network survey of SCPFs in rural Ghana. The survival of these poultry farms are modelled using a lagged probit model of farms that persisted from 2014 into 2015. We find that network ties are important to the survival chances of the SCPFs in Ghana. Distribution ties are associated with negative survival chances and this is not even reversed if the human capital of the owner increases although managers with higher human capital and higher distribution ties experience positive effects. Industry ties are associated with positive ties but this probability reduces as the number of industry ties increases but moderation with dynamic capability of the firm reverses this trend. Our findings show that not all network ties aid survival and therefore small commercial poultry farmers need to be circumspect in the network ties they cultivate and develop.

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Atiase, Victor Yawo, Samia Mahmood, and Yong Wang. "Does institutional logic matter in microfinance delivery? An empirical study of microfinance clients." International Journal of Entrepreneurial Behavior & Research 26, no. 2 (September 23, 2019): 177–202. http://dx.doi.org/10.1108/ijebr-10-2018-0713.

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Purpose From an institutional theory perspective, the purpose of this paper is to investigate the combined impact of financial capital (microcredit) and human capital development (entrepreneurship training) delivered by financial non-governmental organisations (FNGOs) on the performance of micro and small enterprises (MSEs) in Ghana. Design/methodology/approach Adopting a multiple linear regression analysis, the study used primary data collected from 506 Ghanaian MSEs. Microcredit was measured using four main constructs, namely, loan cost, loan amount, the flexibility of loan repayment and loan accessibility. Entrepreneurship training was measured using four main constructs, namely, training content, training efficiency, training frequency and training accessibility. MSE performance was also measured using three main indicators, namely, sales, employment and profitability growth. The study controlled for business age, industry category, manager’s educational level and gender. Findings The results of this study show that the combined delivery of financial and human capital development by FNGOs has a significant impact on MSE performance. The social welfare logic adopted by FNGOs seems to be legitimate to the needs and growth of MSEs in Ghana. However, the cost of microcredit remains a drawback, constraining the performance of MSEs in Ghana. Research limitations/implications This study was carried out in the Volta Region, which is one of the ten regions of Ghana. Even though the sample size suffices, the findings from this study could not be generalised to the whole of Ghana. Also, this study is a quantitative study and could benefit from a triangulated method where the qualitative inputs could offer insights into the findings in this study. Originality/value Theoretically, this study contributes to the understanding of institutions and the type of impact they have on the growth of MSEs. Practically, the provision of a conducive environment and access to financial capital is crucial to the growth of MSEs. Also, the adoption of the social welfare logic in microfinance delivery could be one of the major steps in promoting the performance of MSEs in Ghana.

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Journal articles on the topic 'Small business in Ghana'

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