The financial management imperative for SMEs in Ghana and Africa: From survival to sustainable prosperity

Through an examination of working capital management practices, the separation of personal and business finances, and the transformative role of digital financial technologies, this article will posit that financial discipline constitutes the foundational capability upon which all other forms of enterprise development must be built.

Similarly, the United Nations Capital Development Fund has advanced five digital finance solutions to expand access to finance for MSMEs, addressing barriers including "access to credit, financial management, savings opportunities, and business expansion support".

A randomised controlled trial chanced upon initial my research came up with this conducted by the University of Ghana Business School, involving 288 SMEs in the Greater Accra Region, examined the impact of best-practice working capital management training on SME financial performance.