Financial Literacy Training and Micro Insurance on the Financial Performance of SMEs in the Sekondi-Takoradi Metropolis, Ghana

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dc.contributor.authorAmoah, Ciciana
dc.contributor.authorMungai, John N.
dc.date.accessioned2022-05-10T13:22:38Z
dc.date.available2022-05-10T13:22:38Z
dc.date.issued2020-11-29
dc.descriptionA Research Article in the International Journal of Research in Business & Social Scienceen_US
dc.description.abstractThis research examines the effect of financial literacy training and micro insurance on the financial performance of Small and Medium Enterprises in the Sekondi-Takoradi Metropolis of Ghana. This study aims (i)to determine the effect of financial literacy training on the financial performance of SMEs, (ii) to establish the effect of microinsurance on the financial performance of SMEs; (iii) and to determine the moderating effect of government regulations on the relationship between financial literacy training, micro-insurance and the financial performance of SMEs. The study was based on the financial intermediation theory and Schumpeter’s theory of innovation. The study adopted an explanatory research design, using a sample size of 260 SMEs in the Sekondi-Takoradi metropolis, Ghana. A structured questionnaire was used to collect data on financial literacy training, micro insurance, financial performance, and government regulations from SME owners and microfinance institutions. Analysis of the data collected revealed that both financial literacy training and microinsurance had a positive and significant effect on the financial performance of SMEs. The study recommends that the management of microfinance institutions that provide financial literacy training and micro-insurance should undertake a survey on the needs of SMEs and the specific challenges they face in accessing microfinance servicesen_US
dc.identifier.citationAmoah, C., & Mungai, J. N. (2020). Financial literacy training and micro insurance on the financial performance of SMEs in the Sekondi-Takoradi Metropolis, Ghana. International Journal of Research in Business and Social Science (2147-4478), 9(7), 247-256.en_US
dc.identifier.issn2147-4478
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23718
dc.language.isoenen_US
dc.publisherInternational Journal of Research in Business & Social Scienceen_US
dc.subjectSmall and medium enterprisesen_US
dc.subjectFinancial Literacy Trainingen_US
dc.subjectMicro Insuranceen_US
dc.subjectGhanaen_US
dc.titleFinancial Literacy Training and Micro Insurance on the Financial Performance of SMEs in the Sekondi-Takoradi Metropolis, Ghanaen_US
dc.typeArticleen_US
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