Effects Of Access To Finance On The Growth And Sustainability Of Rural Micro And Small-scale Enterprises (MSES) In Ghana

Micro and Small – Scale Enterprises (MSEs) have been accepted as instrument of economic growth and development. They are catalyst in the socio – economic development of any country and are critical to achieving national macroeconomic objective, thereby contributing substantially to the Gross Domestic Product (Kombo, Justus, Murumba and Makworo 2011; Oni and Daniya, 2012). Ghana’s economy has a significant presence of the MSEs whose efficiency and competitiveness are crucial to the country’s economic growth, employment generation and poverty reduction. The statistics from Registrar General’s Department suggested that about 90% of firms registered are Micro, Small and Medium Scale Enterprises (MSMEs) which account for 85% of Manufacturing employment and 70% of Ghana’s Gross Domestic Product (GDP).