Relationship between Determinants of Financial Assistance and Credit Accessibility of Small and Medium-Enterprises (SME’s): A Case Study of SME’s in Takoradi Metropolis in the Western Region of Ghana

摘要

In Ghana and other countries’ economies, s mall and medium scale enterprises (SME ’ s) play a principal role that significantly impacts economic stability. SMEs contribute prominently to the economy by creating more noteworthy work openings, making higher creation volumes, growing conveys and introducing progression and business capacities. This study used a sample of 336 SMEs out of 500 SME ’ s located in the Western Region (Takoradi Metropolis). These SMEs data were obtained using questionnaire in which its instrument was validated by experts in the field of finance and was administered to the respondents. Primary data were obtained to assess the determinants of financial assistance available to SME ’ s in Ghana (Takoradi Metropolis). Strategies were used to obtain the outcome of the result, such as ANOVA ( a nalysis of variance), regression analysis, and descriptive statistics to analyze the relationship between the determinants of financial assistance and SMEs’ credit accessibility. It showed that firm’s age, size, performance, and collateral security all have a positive impact that determines financial assistance to the credit accessibility of SMEs in Takoradi Metropolis. The research discovers enough information that confirms critical factors that push the credit accessibility available to SME ’ s. It can be recommended that the availability of credit opportunities to SME ’ s in the form of loans should be given a maximum consideration.