entreprenuership

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FINANCE AND DEVELOPMENT
RESEARCH PROGRAMME
WORKING PAPER SERIES
Paper No 15
THE POLICY
ENVIRONMENT FOR
PROMOTING SMALL
AND MEDIUM-SIZED
ENTERPRISES IN
GHANA AND MALAWI
Dalitso Kayanula and
Peter Quartey
IDPM, University of Manchester
May 2000
ISBN:
Series Editor:
Further details:
Published by:
1 902518675
Colin Kirkpatrick
Maggie Curran, Marketing and Publicity Administrator
Institute for Development Policy and Management, University of Manchester,
Crawford House, Precinct Centre, Oxford Road, MANCHESTER M13 9GH
Tel: [phone]/2800 Fax: [phone]
Email: [e-mail] Web: http://www.man.ac.uk/idpm/
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I. TABLE OF CONTENTS
I. Table of Contents ii
II. Abstract iii
1.0 INTRODUCTION 1
2.0 THE CHARACTERISTICS OF SMES IN GHANA & MALAWI
2.1.1 Definitions & Concepts 3
2.1.2 The Role & Characteristics of SMEs 8
2.1.3 Constraints to SME Development 9
3.0 POLICIES FOR PROMOTING SMEs IN GHANA & MALAWI 12
4.0 SUMMARY & RECOMMENDATIONS 16
5.0 REFERENCES 19
6.0 APPENDIX 23
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II. Abstract
The dynamic role of small and medium scale enterprises(SMEs) in developing countries have been highly emphasised. These enterprises have been identified as the means through which the rapid industrialisation and other developmental goals of these countries can be realised. This paper explores the achievements of the Small and Medium Scale Enterprise (SME) sector in Ghana and Malawi and the role government, internal and external support institutions have played in promoting the sector. The findings will assist policy makers, development agencies and business organisations to ascertain the appropriate strategy to improve the SME sector.
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THE POLICY ENVIRONMENT FOR PROMOTING SMALL AND MEDIUMSIZED
ENTERPRISES IN GHANA & MALAWI
1.0 INTRODUCTION
The dynamic role of small and medium enterprises(SMEs) in developing countries as engines through which the growth objectives of developing countries can be achieved has long been

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