International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Have Availability and Access to Financial Opportunities Enhanced the Growth of Micro, Small and Medium Enterprises in Central Region of Ghana?
Bawuah, Bernard; Yakubu, Awudu Sare; Sampson, Vivian Esumanba

This study examines the importance of Micro, Small and Medium Enterprises to a country. The lack of support has made MSMEs development an issue of concern today. These concerns have necessitated numerous researchers to investigate what has been done and should be done by stakeholders to enhance sustainable growth of MSMEs. This research employed both quantitative and qualitative methods. The findings show that there exists a suitable financial environment to MSMEs of today. The findings also however indicate a low impact of these supports to MSMEs because of high interest rate associated with some of them. It further suggests MSMEs that have access to finance do not necessarily increase their growth. There is the need for stakeholders to bring interest rate down in order to enhance the impact of these supports.

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