Samuel Kwaku Agyei
Culture, financial literacy, and SME performance in Ghana
University of Cape Coast
study extends literature financial literacy cultural catholicism protestantism beliefs sme performance developing economy setting two basic questions motivated study 1 culture influence financial literacy 2 culture mediate relationship financial literacy firm performance ghana results 300 randomly sampled smeowners based ordinary least squares logit regressions suggest cultural values militate financial knowledge acquisition furthermore protestant beliefs strengthen probability smes would take advantage growth opportunities due financial literacy thus study concludes relationship financial literacy sme growth culturalcontext dependent study recommends 1 religious bodies inculcate financial education teachings 2 financial literacy training programmes smeowners tailored meet needs 3 cultural beliefs smeowners prime consideration designing financial literacy programmes