Determinants of Group Lending in the Credit Union Industry in Ghana

Adusei, Michael; Sarpong, Appiah

doi:10.1080/15228916.2011.588914

Cited by 12 publications

(9 citation statements)

References 26 publications

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“…The positive coefficients imply positive direction with WTI. These results are consistent with previous researchers (Abuka, Egesa, Atai, & Obwona, 2006;Singh, Garg, & Deshmukh, 2008;Adusei & Appiah, 2011;Kira & He, 2012;Wamono, Kikabi & Mugisha, 2012;Aylin, Garango, Cocca & Bititchi, 2013;Sarwoko, Surachman, Aemanu & Hadiwidjojo, 2013;Bouazza, Ardjouman & Abada 2015;Quartey, Turkson, Abor & Iddrisu,2017) who have established a significant linkage between SMEs internal characteristics, growth and performance.…”

Section: Determinants Of Smes Wti As Interpreted From the Modelsupporting

confidence: 92%

Small and medium enterprise’s internal resources and investment decisions in Ghana: The resource-based approach

Appiah

Possumah

Ahmat

et al. 2019

Economics &Amp; Sociology

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We report new evidence on Small and Medium Enterprises' (SMEs') internal resources, i.e investment capital, business stability, customer size, type of ownership, legal status, industrial structure and location on investment decisions in the Ghanaian oil and gas sector between 2016 and 2017. Overall, we find that SMEs of larger business size, with large investment capital, large fixed assets, more business stability, structured business ownership, large customer size, registered status, operations in urban locations and reinvested annual profits-are more likely to invest in Ghanaian oil and gas sector. Per contra, the results reveal that industrial structure has no influence on SMEs' investment decisions. Additionally, our findings are most robust to SMEs that choose to invest in the oil and gas value chain which is consistent with the resource-based theory. This empirical study has been conducted through a survey. Data has been collected using a stratified sampling technique and structured questionnaires with 245 SMEs across diverse industries. The survey data has been analyzed using binominal logit regression and Chisquare test. The results are expected to be of substantial importance for investment decisions in the domestic business environment. We strongly recommend the replication of this study in other emerging oil and gas economies.

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Section: Determinants Of Smes Wti As Interpreted From the Modelsupporting

confidence: 92%

Small and medium enterprise’s internal resources and investment decisions in Ghana: The resource-based approach

Appiah

Possumah

Ahmat

et al. 2019

Economics &Amp; Sociology

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“…SMEs are required to strengthen their formalization potentials since this has been identified as a determinant for accessing formal credit. More so, SMEs must reconsider joining active business associations to enable them access group lending schemes (Abuka et al, 2006;Adusei and Appiah, 2011;Quartey et al, 2017). The oil and gas sector requires high investment capital hence SMEs are encouraged to enhance their financial and credit potentials to enable them to invest in the high in this sector.…”

Section: The Logistic Regression Model Resultsmentioning

confidence: 99%

External Environment and SMEs Investment in The Ghanaian Oil and Gas Sector

Appiah¹,

Possumah²,

Ahmat³

et al. 2018

Economics &Amp; Sociology

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There is the need to integrate SMEs into the high-value Oil and Gas Sector to enhance socioeconomic development of Ghana particularly Job creation and Gross Domestic Product (GDP) growth. This study examined the impact of external business environment on SMEs willingness to invest in the Ghanaian oil and Gas Sector. Using binomial logistic regression analysis we analyzed primary data from 245 SMEs from Ghana during the periods between 2015-2016. The study found that SMEs that had ready access to finance, reliable electrical supply, required technical qualification, no competition from foreign companies, well informed on Oil and Gas investment opportunity were more likely to invest in Ghanaian oil and gas sector. We also find that corruption perception, political stability and training support in the capacity building had no significant influence on SMEs willingness to invest. We suggest that future studies should cover internal firm factors, perceived barriers as well as macro-level factors. Also, the study was limited to Ghanaian SMEs, future researchers may replicate this study in other oil-producing countries in Africa including;

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“…Financing is the individual's ability to seek for funds from sources other than his own with the minimum of cost and payoff requirements. By increasing borrowings, entrepreneurs are required to acknowledge his mounting obligations of increased interests and debts in order not for the fortunes of a business to decline and possibly collapse (Worthington, 2004;Adusei and Appiah, 2011). Budgeting involves planning expenses and pattern and the cash flow analysis of any business (Uddin et al, 2009).…”

Section: Empirical Reviewmentioning

confidence: 99%

Financial literacy of cocoa farmers in Ghana

Akoto¹,

Appiah

Turkson

2017

IJAF

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Approximately 800,000 farm families are spread over six of ten regions of Ghana while empirical evidence on cocoa farmers' financial literacy remains sparse. This study examines the level of personal finance literacy among cocoa farmers. It also examines whether gender, age, level of education and farm size are related to cocoa farmers' financial literacy. A structured questionnaire is employed to collect data from randomly selected 569 cocoa farmers in the Assin Foso and Twifo Praso districts of the Central region. We use logistic regression analysis to estimate whether cocoa farmers' demographic variables are related to their level of financial literacy. We find that cocoa farmers have lower levels of financial knowledge. The level of financial literacy of cocoa farmers in Ghana is also related to their geographical location, age and education levels. This study provides stakeholders in the finance industry with vital information that will enhance decision making and policy directions. This study contributes to the literature of financial literacy from the perspective of cocoa farmers in Ghana, a Sub-Sahara Africa country.

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Determinants of Group Lending in the Credit Union Industry in Ghana

Cited by 12 publications

References 26 publications

Small and medium enterprise’s internal resources and investment decisions in Ghana: The resource-based approach

Small and medium enterprise’s internal resources and investment decisions in Ghana: The resource-based approach

External Environment and SMEs Investment in The Ghanaian Oil and Gas Sector

Financial literacy of cocoa farmers in Ghana

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