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Cash Management Practices of Small Business Owners in the Cape Coast Metropolitan Area of Ghana

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  • John K Mbroh

Abstract

The burden of cash management has become a topical issue in small businesses. To gain information on current practice, this paper examines survey evidence on cash management practices of two hundred and two small business owners (SBOs) in the Cape Coast Metropolitan Area of Ghana. It is evident in the study that majority of the SBOs studied either do not understand the attributes or the importance of cash management and as a result did not practice any formal system of the concept. The informal systems of cash management mainly practiced were found to be susceptible to cash fraud and other business growth difficulties. Some associated cash management problems have been highlighted and solutions proffered for ameliorating the situation. The paper further suggests that future research and policy directions consider gender differences and attributes as well as some industry peculiarities to the present rear growth in this important business unit.

Suggested Citation

  • John K Mbroh, 2012. "Cash Management Practices of Small Business Owners in the Cape Coast Metropolitan Area of Ghana," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(1), pages 40-58.
    • Handle: RePEc:asi:aeafrj:v:2:y:2012:i:1:p:40-58:id:736
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    Cited by:

    1. David J. Scheaf & Matthew S. Wood, 2022. "Entrepreneurial Fraud: A Multidisciplinary Review and Synthesized Framework," Entrepreneurship Theory and Practice, , vol. 46(3), pages 607-642, May.
    2. Obi Berko Obeng Damoah & Augustine Awuah Peprah, 2021. "Synthesis of small and medium enterprise research in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 451-468, December.

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