I am an MPhil holder in Enterprise Risk Management and Business Consultancy. I also have BSc in Operations and Project management. Currently I am a research analyst. Address: THESIS
Venture capital has turned into an imperative wellspring of financing for a noteworthy number of ... more Venture capital has turned into an imperative wellspring of financing for a noteworthy number of inventive organizations around the universe (Cumming 2004). The overall objective of the research is exploring the challenges and prospects of Venture Capital (VC) financing of SMEs in Ghana, a case study of Medina Municipal Assembly. The researcher used simple random sampling technique to select a total of 150 operators of SMEs and purposive sampling select 25 staffs of Bedrock Venture Capital Finance Company for the study. Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that the challenges the SMEs faced whenever they want to access venture capital funds are cumbersome bureaucratic procedures, lack of transparency, it is a lengthy and complex process, dilution of ownership, inadequate governance structures, higher failure rates of SMEs and lack of understanding of the operations of VCF. Expansion and growth, creation of employment, national economic growth, increase in sales volume, better governance structure and management assistant are all the merits of venture capital financing. The study also unearthed that challenges faced by venture capital firms in their disbursement of funds are inadequate legal framework, lack of professional infrastructure, information asymmetry, assessment of investment criteria, and inadequate funds. It is recommended that, the government and policy makers must come out with a comprehensive legal framework to guide the activities of Venture Capital Finance Companies (VCFCs), Again, government through its agencies must provide credit and equity finance to qualified Venture Capital Finance Companies (VCFCs) in order for the to support SMEs.
SMEs all over the world play a strong role in national development. Mbuta and Nkandela (2010) sta... more SMEs all over the world play a strong role in national development. Mbuta and Nkandela (2010) stated that the importance of SMEs in contributing to job creation and output growth is now widely accepted. The overall objective is to identify the role of micro finance in developing SMEs in Ghana, using selected SMEs in Ledzokuku Krowor municipality as a case study. Simple random sampling technique was employed in selecting the 130 SMEs that constituted the sample size. Structured questionnaire was designed to collect data used for analysis. Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that MIFs play very vital roles in the development of SME s. The findings also revealed that stringent conditions, short period for repayment, unaware of factors financial institutions take into considerations and financial illiteracy are all challenges SMEs faced when they are accessing loans from MFIs. The findings furthermore, indicated that key SMEs constraints are input, financial, regulatory and equipment & technology constraints. And finally, the results show that SMEs has contributed in diverse ways towards the economic development and growth of the country such as providing employments and income for people, paying of taxes for developmental purposes and enhancing the spirit of entrepreneurship and fostering creativity among people. It is recommended that, management of MFIs should consider more flexible conditions; management should also consider giving SMEs appropriate time for loan repayment. Keywords: Microfinance, Small and Medium Enterprises (SMEs), Micro Finance institutions (MFIs), Ledzorkuku-Krowor Municipal Assembly.
Venture capital has turned into an imperative wellspring of financing for a noteworthy number of ... more Venture capital has turned into an imperative wellspring of financing for a noteworthy number of inventive organizations around the universe (Cumming 2004). The overall objective of the research is exploring the challenges and prospects of Venture Capital (VC) financing of SMEs in Ghana, a case study of Medina Municipal Assembly. The researcher used simple random sampling technique to select a total of 150 operators of SMEs and purposive sampling select 25 staffs of Bedrock Venture Capital Finance Company for the study. Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that the challenges the SMEs faced whenever they want to access venture capital funds are cumbersome bureaucratic procedures, lack of transparency, it is a lengthy and complex process, dilution of ownership, inadequate governance structures, higher failure rates of SMEs and lack of understanding of the operations of VCF. Expansion and growth, creation of employment, national economic growth, increase in sales volume, better governance structure and management assistant are all the merits of venture capital financing. The study also unearthed that challenges faced by venture capital firms in their disbursement of funds are inadequate legal framework, lack of professional infrastructure, information asymmetry, assessment of investment criteria, and inadequate funds. It is recommended that, the government and policy makers must come out with a comprehensive legal framework to guide the activities of Venture Capital Finance Companies (VCFCs), Again, government through its agencies must provide credit and equity finance to qualified Venture Capital Finance Companies (VCFCs) in order for the to support SMEs.
SMEs all over the world play a strong role in national development. Mbuta and Nkandela (2010) sta... more SMEs all over the world play a strong role in national development. Mbuta and Nkandela (2010) stated that the importance of SMEs in contributing to job creation and output growth is now widely accepted. The overall objective is to identify the role of micro finance in developing SMEs in Ghana, using selected SMEs in Ledzokuku Krowor municipality as a case study. Simple random sampling technique was employed in selecting the 130 SMEs that constituted the sample size. Structured questionnaire was designed to collect data used for analysis. Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that MIFs play very vital roles in the development of SME s. The findings also revealed that stringent conditions, short period for repayment, unaware of factors financial institutions take into considerations and financial illiteracy are all challenges SMEs faced when they are accessing loans from MFIs. The findings furthermore, indicated that key SMEs constraints are input, financial, regulatory and equipment & technology constraints. And finally, the results show that SMEs has contributed in diverse ways towards the economic development and growth of the country such as providing employments and income for people, paying of taxes for developmental purposes and enhancing the spirit of entrepreneurship and fostering creativity among people. It is recommended that, management of MFIs should consider more flexible conditions; management should also consider giving SMEs appropriate time for loan repayment. Keywords: Microfinance, Small and Medium Enterprises (SMEs), Micro Finance institutions (MFIs), Ledzorkuku-Krowor Municipal Assembly.
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Papers by Eric Akwetey Addo
The researcher used simple random sampling technique to select a total of 150 operators of SMEs and purposive sampling select 25 staffs of Bedrock Venture Capital Finance Company for the study.
Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that the challenges the SMEs faced whenever they want to access venture capital funds are cumbersome bureaucratic procedures, lack of transparency, it is a lengthy and complex process, dilution of ownership, inadequate governance structures, higher failure rates of SMEs and lack of understanding of the operations of VCF.
Expansion and growth, creation of employment, national economic growth, increase in sales volume, better governance structure and management assistant are all the merits of venture capital financing. The study also unearthed that challenges faced by venture capital firms in their disbursement of funds are inadequate legal framework, lack of professional infrastructure, information asymmetry, assessment of investment criteria, and inadequate funds.
It is recommended that, the government and policy makers must come out with a comprehensive legal framework to guide the activities of Venture Capital Finance Companies (VCFCs), Again, government through its agencies must provide credit and equity finance to qualified Venture Capital Finance Companies (VCFCs) in order for the to support SMEs.
Simple random sampling technique was employed in selecting the 130 SMEs that constituted the sample size. Structured questionnaire was designed to collect data used for analysis. Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that MIFs play very vital roles in the development of SME s. The findings also revealed that stringent conditions, short period for repayment, unaware of factors financial institutions take into considerations and financial illiteracy are all challenges SMEs faced when they are accessing loans from MFIs. The findings furthermore, indicated that key SMEs constraints are input, financial, regulatory and equipment & technology constraints. And finally, the results show that SMEs has contributed in diverse ways towards the economic development and growth of the country such as providing employments and income for people, paying of taxes for developmental purposes and enhancing the spirit of entrepreneurship and fostering creativity among people. It is recommended that, management of MFIs should consider more flexible conditions; management should also consider giving SMEs appropriate time for loan repayment.
Keywords: Microfinance, Small and Medium Enterprises (SMEs), Micro Finance institutions (MFIs), Ledzorkuku-Krowor Municipal Assembly.
The researcher used simple random sampling technique to select a total of 150 operators of SMEs and purposive sampling select 25 staffs of Bedrock Venture Capital Finance Company for the study.
Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that the challenges the SMEs faced whenever they want to access venture capital funds are cumbersome bureaucratic procedures, lack of transparency, it is a lengthy and complex process, dilution of ownership, inadequate governance structures, higher failure rates of SMEs and lack of understanding of the operations of VCF.
Expansion and growth, creation of employment, national economic growth, increase in sales volume, better governance structure and management assistant are all the merits of venture capital financing. The study also unearthed that challenges faced by venture capital firms in their disbursement of funds are inadequate legal framework, lack of professional infrastructure, information asymmetry, assessment of investment criteria, and inadequate funds.
It is recommended that, the government and policy makers must come out with a comprehensive legal framework to guide the activities of Venture Capital Finance Companies (VCFCs), Again, government through its agencies must provide credit and equity finance to qualified Venture Capital Finance Companies (VCFCs) in order for the to support SMEs.
Simple random sampling technique was employed in selecting the 130 SMEs that constituted the sample size. Structured questionnaire was designed to collect data used for analysis. Descriptive statistics which involves frequency tables, bar charts, and pie charts were tactically applied in data presentations and analysis. The findings of the study reveal that MIFs play very vital roles in the development of SME s. The findings also revealed that stringent conditions, short period for repayment, unaware of factors financial institutions take into considerations and financial illiteracy are all challenges SMEs faced when they are accessing loans from MFIs. The findings furthermore, indicated that key SMEs constraints are input, financial, regulatory and equipment & technology constraints. And finally, the results show that SMEs has contributed in diverse ways towards the economic development and growth of the country such as providing employments and income for people, paying of taxes for developmental purposes and enhancing the spirit of entrepreneurship and fostering creativity among people. It is recommended that, management of MFIs should consider more flexible conditions; management should also consider giving SMEs appropriate time for loan repayment.
Keywords: Microfinance, Small and Medium Enterprises (SMEs), Micro Finance institutions (MFIs), Ledzorkuku-Krowor Municipal Assembly.