Full Text Available

Access Repository
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Cover Image

Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis

Show other versions (1)

A thesis submitted to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the Degree of COMMONWEALTH EXCUTIVE MASTERS OF BUSINESS ADMINISTRATION,2012

Saved in:
Main Author: Pieterson, Anita
Format: Thesis
Language:English
Published: 2013
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1867613135197700096
access_status_str Open Access
author Pieterson, Anita
author_browse Pieterson, Anita
author_facet Pieterson, Anita
author_sort Pieterson, Anita
collection Thesis
description A thesis submitted to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the Degree of COMMONWEALTH EXCUTIVE MASTERS OF BUSINESS ADMINISTRATION,2012
format Thesis
id oai:ir.knust.edu.gh:123456789/5029
institution KNUST (Ghana)
language English
last_indexed 2026-06-10T12:31:19.760Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
publishDate 2013
publishDateRange 2013
publishDateSort 2013
record_format dspace
source_str KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
spelling oai:ir.knust.edu.gh:123456789/5029 Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis Pieterson, Anita A thesis submitted to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the Degree of COMMONWEALTH EXCUTIVE MASTERS OF BUSINESS ADMINISTRATION,2012 The main thrust of this study is to unveil the working capital management practices of small and medium scale enterprises in the Western Region of Ghana. A well designed and implemented working capital management is expected to contributes positively to the creation of a firms values. The study used descriptive and analytical sample survey for the representation and the analysis of the findings. The result shows that 87.4% of the entrepreneurs functioned as sole proprietors, whiles 14.1% as partnership and the remaining 1.5% as cooperative societies. The results again shows that 46.1% received credit from suppliers and the average credit period given by SMEs to their credit customers ranged between seven to sixty days(7- 60days).From the study , two main problems faced by SMEs in dealing with credit customers are late payment and bad debts. The results shows that 52.8% of the respondents use note books to represents cash books whiles non(0%) of the respondents use computer inventory control. 65.3% of the respondents have bank accounts for their businesses. Personal savings accounted for about 35.7% of the start up capital and SMEs consider inflation /price increases to be more problematic than even high debtors turnover period and low stock turnover. Consequently ,it is recommended that there should be greater collaboration between the Business Advisory Centres(BACs) and the various associations of SMEs for the financial training of the entrepreneurs. The SMEs should establish organizations and groups like civil society organizations, regional, district ,community and interest groups to jointly organise and sponsor training programmes for their accounting personnel. There is also the need for SMEs to identify their investment priorities particularly those that are crucial in sustaining their businesses in the long run. They should sacrifice a chunk of their funds to finance and achieve these priorities that will enable them to generate extra cash or profits to plough back into other sectors of their industries. It is also recommended that SMEs should prepare budget at each time they intend to embark on major expenses. This will forestall unnecessary, unwanted, overestimated and underestimated expense. There is also the need for SMEs to formulate credit policy for their enterprise and to create a re-order level policy for their institution that will create an enabling environment for them to request for their supply of moderate and high quality stocks. KNUST 2013-03-04T01:28:50Z 2023-04-19T23:37:55Z 2013-03-04T01:28:50Z 2023-04-19T23:37:55Z 2012-07-04 Thesis https://ir.knust.edu.gh/handle/123456789/5029 en application/pdf
spellingShingle Pieterson, Anita
Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis
title Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis
title_full Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis
title_fullStr Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis
title_full_unstemmed Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis
title_short Working Capital Management Practices of Small and Medium Enterprises in the Western Region: A Survey of Selected Smes in the Sekondi- Takoradi Metropolis
title_sort working capital management practices of small and medium enterprises in the western region a survey of selected smes in the sekondi takoradi metropolis
url https://ir.knust.edu.gh/handle/123456789/5029
work_keys_str_mv AT pietersonanita workingcapitalmanagementpracticesofsmallandmediumenterprisesinthewesternregionasurveyofselectedsmesinthesekonditakoradimetropolis

Similar Items