Creating financial inclusion for the informal sector and small and medium-sized enterprises in Ghana
Date
2020-05
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Abstract
The Informal sector of Ghana together with the Small and Medium-Sized Enterprises
(SMEs) contributes the most to the Gross Domestic Product of the country. Many
countries in sub-Saharan Africa rely heavily on this sector of the economy. Think of the
street hawkers, shop owners, bus drivers, etc. These are the drivers of our economy. Alas,
they are also the most poorly financed sector of the economy. For a sector that could be
termed as the backbone of the economy, it is unfortunate that they are not equipped
financially enough to continue to provide support to the economy. This paper focuses on
the reasons for the poor financing of this sector. The most prevalent concern was found
to be the poor record-keeping system that exists which makes it difficult for financial
institutions to make decisions to give credit to them. Thus, this project seeks to solve the
problem of poor record-keeping in this sector as a means to create financial inclusion for
this sector of the economy.
Description
Undergraduate thesis submitted to the Department of Computer Science, Ashesi University, in partial fulfillment of Bachelor of Science degree in Management Information Systems, May 2020
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Undergraduate thesis
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Keywords
financial record-keeping, small and medium-sized enterprises (SMEs), Enterprise Resource Planning (ERP), business software