Title: "Factors impeding the growth of Small and Medium Scale Enterprises (SMEs) in Ghana: The case of some selected SMEs in Accra"

Author: Abdul Nasiru Mohammed

Year: 2006

 

Abstract

The growth of a country depends solely on its industrial development. However, industrial development is hardly achieved in the absence of smooth transformation of Small and Medium Scale Enterprises (SMEs) that always serve as the building blocks for industrialization.

 

SMEs, particularly in the developing countries, are griped with numerous constrains that hinder the pace at which they transform into large enterprises and at time resulting into the demise of many SMEs.

 

The growth of SMEs in this study alludes to the manner and pace at which SMEs metamorphoses overtime to the level of large enterprises. The purpose of this work was to unearth the factors responsible for the slow growth of SMEs in Ghana with a case of 30 selected in Accra metropolis.

 

The field data gathered revealed that SMEs in Ghana, even though now picking up, they are still constrained with numerous factors that at times result in the collapse of many.