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1.0 Introduction This subject discusses the characteristics, the contribution of SMEs to economic increment, and barriers to low-pitched business development in developing countries, especially in Ghana. Small businesses in Ghana have been recorded to provide active 85% of Ghanas manufacturing employment. They are also believed to contribute 15.5% of the labor advertise in Ghana (Kuada 2005). Notwithstanding the role of SMEs which is so greatly to this country, it should be recognized that actually on that point are many obstacles that must(prenominal) be faced by the SME such as the political economy of the country, law and regulation from government and the around other aspects. Inscription of this paper also aims to provide solutions for the policy shaper or SME companionship its self to develop strategies in vagabond to survive in that country 2.1 Small Business interpretation Small businesses are usually salubrious thought-out as the number one wood of economic growth, job creation, and poverty decay in some developing countries. A positive birth has been acknowledged in the midst of small-business development and economic growth in developed countries (Summer 2002). As well as Storey (1994) believed, there is no case-by-case uniformly commentary of Small Business.

Differences in perceptions about the posit of the employees hired and scope of business employees dissolving agent in confusion in determining small and spectacular business. The definition of small business is a business that is in television camera owned and operated, with a small number of employees and relatively woful volume of sales (Small Busin ess Forum 2010). The Ghana statistical Ser! vice (GSS) considers firms with less than 10 employees as Small lawsuit Business and more than 10 employees as Medium and Large-Sized Enterprises (Ghana statistical Service n.d.) . As Storey (1994) stated, there are trinity key distinguishing features between large and small business. Firstly, aim of outback(a) uncertainty which is greater in the small business. Secondly, the different take aim of...If you want to get a full essay, order it on our website: OrderEssay.net

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