Creating financial inclusion for the informal sector and small and medium-sized enterprises in Ghana

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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.
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
financial record-keeping, small and medium-sized enterprises (SMEs), Enterprise Resource Planning (ERP), business software