Abstract:
Undeniably, SMEs have been identified to be the backbone propping up the economic growth of
nations. For the agrarian economy of Ghana, this is even truer for agribusiness SMEs. Thus,
access to credit by agribusinesses is integral to growing GDP and moving the nation forward to
middle-income status. This study identifies the pitfalls bedevilling ease of access to finance by
agribusiness SMEs and also highlight the prospects open to financial institutions willing to
provide the much-needed credit to agribusiness SMEs. The major findings categorized the
pitfalls into “demand-side pitfalls,” i.e. pitfalls generated by the agribusiness SMEs seeking
finance, and “supply-side pitfalls,” i.e. pitfalls resulting from the policy framework of the
suppliers of credit. Measures to tackle these pitfalls were suggested; based on the analysis and
findings.
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