IDEAS home Printed from https://ideas.repec.org/a/ids/ijbema/v17y2025i2p156-174.html
   My bibliography  Save this article

Unlocking SMEs' debt finance access in Ghana: the critical roles of ownership and industry sector characteristics

Author

Listed:
  • Collins Owusu Kwaning
  • Peter Arhenful
  • Jones Adjei Ntiamoah
  • Kofi Opoku-Asante

Abstract

Small and medium-scale enterprises (SMEs) play critical roles in the economic development especially of developing and emerging economies. However, access to debt finance has been a major challenge. This research analysed firm characteristics in determining SMEs' access to debt finance in Ghana, emphasising ownership type and the industry sector. The research was a cross-sectional study with a sample of 382 SMEs from across the manufacturing, trade, and service sectors and 23 commercial banks in Ghana and analysed using SPSS. Inferential statistics like correlation and multiple regression and ANOVA were applied to gauge the relationships between firm determinants as independent variables and SME debt finance as the main dependent variable. The results suggested that firm characteristics such as size, ownership type, industry sector, location, and management determine SMEs' access to debt finance. Again, ownership and the industry sector influenced debt finance positively and significantly.

Suggested Citation

  • Collins Owusu Kwaning & Peter Arhenful & Jones Adjei Ntiamoah & Kofi Opoku-Asante, 2025. "Unlocking SMEs' debt finance access in Ghana: the critical roles of ownership and industry sector characteristics," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 17(2), pages 156-174.
    • Handle: RePEc:ids:ijbema:v:17:y:2025:i:2:p:156-174
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=145258
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbema:v:17:y:2025:i:2:p:156-174. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=249 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.