AN EXAMINATION OF MANAGERIAL CHALLENGES CONFRONTING MEDIUM SCALE ENTERPRISES IN THE SAGNARIGU MUNICIPALITY OF NORTHERN REGION

Abstract

SMEs are important in Ghana since they are the main forces behind methods for generating income. In terms of providing cash and jobs, SMEs are crucial to a nation's industrial development. The study was carried out to assess managerial challenges confronting small and medium scale enterprises in the Sagnarigu Municipality in the Northern Region of Ghana. A descriptive survey design was employed. A total of 50 respondents, including managers and other staff were included in the sample. Data was collected using two main instruments (questionnaires and interviews), and was then analyzed using the Statistical Package for Social Sciences (SPSS). The results of the study revealed that a number of SMEs in the Sagnarigu Municipality use one or more management techniques at work. The owners of SMEs face similar difficulties, such as inadequate managerial skills, a lack of network, a shortage of competent workers, and financial constraints, in addition to significant labor turnover. The primary detrimental effects of management or SMEs' issues were revealed to be the collapse of SMEs and a rise in operational costs. Finally, bonuses are the most overt incentive scheme used by leadership at their workplace. Based on the result, the following were recommended: government and other NGOs should support SMEs in diverse ways, training on how to manage business such as giving them knowledge on how to handle business capital,manage expenditure, and also planning and budgeting should be organized for management of SMEs. That apart, the owners of SMEs should organize in-service training for their workers.