What is it about?
Promoting entrepreneurship depends on an enabling business climate, and for SMEs growth to thrive, sound legal and regulatory systems are needed. We have shown that legal and regulatory factors affect SME growth in Ghana.
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Why is it important?
We have shown that bureaucracy, unstable policy climate, unfriendly customs and trade regulations, tight monetary and credit policies, corruption, and excessive tax regimes, workforce and labour regulations negatively affect SMEs growth in Ghana. While maintaining transparency and accountability among public officials in charge of SMEs regulation, the government must create some identified policies that support the development of entrepreneurship and SME growth.
Perspectives
Writing this article with my co-author has been a phenomenal experience. I am of the view that this current study will expose the Government of Ghana to the legal and regulatory framework and again address the factors that appear to impede SME growth in Ghana. I believe the new empirical insights are significant to SME and entrepreneurship development in Ghana.
Kwamena Nyarku
University of Cape Coast
Read the Original
This page is a summary of: Effect of legal and regulatory framework on SMEs growth in the Accra Metropolis of Ghana, The International Journal of Entrepreneurship and Innovation, November 2017, SAGE Publications,
DOI: 10.1177/1465750317742842.
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