The International Institute for Science, Technology and Education (IISTE)
Financial institutions financing of Small and Medium sized Enterprises (SMEs) has recently received interest from policy makers, economist, financial experts, business people, sociologist, national as well as international organisations such as IMF and the world bank. Large national and multinational companies in many industrialised countries are reported to be making increasing use of alternative sources of finance, such as stock market listing, international bond issues, and international markets for corporate lending which often involve transactions with financial actors other than just banks. These small enterprises are given such attentions in Ghana so they can play significant role in alleviating poverty in the developing economy. The small enterprises are to provide employment for the citizens, and to generate skilled labour for the large scale enterprise.