Harnessing Growth Opportunities: The Impact of Computerized Accounting Systems on SMEs Development in Ghana

Abstract

Purpose: The impact of computerized accounting systems (CAS) on small and medium-size enterprises in Ghana.
Methodology: A sample of 759 SMEs was collected, and the relations between CAS usage, SME growth rates, CAS integration, technological infrastructure, internet connectivity, and participation in training and support programs were analyzed using descriptive and inferential statistical methods, notably Pearson correlation and regression analysis.
Outcome: The findings indicated a significant positive relationship with the use of CAS and growth rates of SMEs and their integration with CAS and financial growth Technological infrastructure and internet connectivity have been established to significantly support the ability of SMEs to use CAS for growth with the participation in the training and support programs also crucial.
Conclusion: It is concluded from the study that improvements in technological infrastructure and internet connectivity and provision of comprehensive training and support are going to be vital for harnessing growth potential to the maximum for SMEs through advanced CAS utilisation.
Originality: It indicates the significant role of technological infrastructure, internet accessibility, and customized training schemes in elevating CAS use. The results above imply the need for strategic policy intervention in order to support technology adoption for SME growth.