Financing Small Scale Oil Palm Producers in the Western Region of Ghana-Ahanta West District

Abstract

Business finance has been a major problem facing most businesses, both the small and large companies as well as the medium ones. Small and Medium Scale Enterprises (SMEs) are no exceptions of the problems faced by businesses. These enterprises are mostly managed by low income earners. Some of these enterprises cannot grow into large companies because of lack of funds. The objectives of the study are to identify the various forms of funds available to SMEs in the oil palm producing sector of the Ahanta West District of the Western Region of Ghana, find out the funds that have been actually accessed by oil palm producers in the Ahanta West District, and identify some other means of financing the oil palm production. The study revealed that majority of oil palm producers in the Ahanta West District finance their operation with personal savings and have not accessed any loan from the banks.