Title: THE IMPACT OF MICROFINANCE ON SMALL AND MEDIUM SCALE ENTERPRISES IN GHANA
Abstract: Ghana is said to have a relatively long history of government initiatives to promote and finance, small and medium enterprises (SMEs). The contributions these SMEs make to the economic development and growth of Ghana are substantial because so many people are employed by these enterprises. This is so because it is accepted worldwide that the development and growth of SMEs can play an important role in turning the growing unemployment situation around. In the light of foregoing, policies and programmes that would support the development of SMEs are formulated and implemented to better the lives of the citizenry. According to Mbuta and Nkandela (1998), the importance of SMEs in contributing to job creation and output growth is now widely accepted in both developed and developing countries. Of particular interest is the process of expansion of these enterprises from micro or small into medium size, as it is when they become medium-sized that growth-oriented SMEs make their most tangible contribution to economic growth and job creation.
Publication Year: 2013
Publication Date: 2013-06-01
Language: en
Type: dissertation
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