An Examination of Gender Differences in Mathematics Participation and Performance in Ghanaian High Schools: Analysis of WASSCE Results.
May 31, 2015
April 2015 Publication Out
June 13, 2015

The Effect of Debt Financing on the Profitability of SMEs in Accra Metropolis.


Debt financing plays a pivotal role in the success of both large and small businesses since it affect their profitability and solvency. The aim of this study is to examine the effect of debt finance on the profitability of SMEs within the Accra Metropolis in Ghana. The study used secondary data collected from 50 SMEs in the Metropolis covering the period from 2004-2013.  Profit margin ratio and return on assets were used as measurement of profitability whiles trade credit, short-term loan ratio and long-term loan ratio were used to represent debt finance.