Investment Times

In Ghana, the private sector is dominated by Small and Medium-sized Enterprises (SMEs) with a little over 90% of the market share, according to the Registrar Generals Department. A research report by Ghanaweb, also shows that SMEs contribute an estimated 70% of Ghana’s GDP and make up approximately 85% of labour in the Ghanaian manufacturing industry. Although SMEs have the potential to contribute greatly to national development, it is rather unfortunate that majority of them are saddled with numerous challenges that hinder them from expanding and growing as businesses, leading to their eventual collapse. Some of the major challenges faced...