Access to External Financing Key for Accelerating Growth of Small Enterprises in Ghana.
The study looked at why small businesses in Ghana struggle to get loans from banks even though they say they need them. They surveyed successful small businesses and found that they mostly use their own money or money from customers and suppliers to grow, rather than bank loans. This shows that small businesses can still do well without bank loans, but they could grow even faster if they had more access to outside money.