Microfinance Services And Financial Performance Of Small And Medium Scale Enterprises In Sekondi-takoradi Metropolis, Ghana

Small and medium enterprises are generally regarded as the primary driver of national development in developed and developing economies; contributing both to their sustainable growth and the creation of employment. In Ghana, SMEs constitute about 92% of enterprises, fund about 70% to the country’s gross domestic product and absorb about 60% of the labour force. Owing to this, the Ghanaian government showed its commitment to ensuring that SMEs performed better as a result of the support received from microfinance institutions, the Ghana Investment Fund, Microfinance and Small Loans Centre and t…