Tax Policy, SMES Compliance, Perception and Growth Relationship in Ghana: An Empirical Analysis
Bismark Ameyaw, Joy Agyeman Korang, Evans Teddy Twum, Isaac Owusu Asante
Journal of Economics, Management and Trade · pp. 1–11 · Published 6 Nov 2015
10.9734/BJEMT/2016/22030Abstract
Tax plays a significant role in the growth of Small and Medium Enterprises (SMES). In a developing country like Ghana, SMES play important roles in the development of the economy. It is vital for policy makers to consider the alignment of tax policies to the growth needs of SMES. Government uses taxation and tax regimes to provide means for SMES to contribute their quota to the economic growth of Ghana. Placing emphasis on this issue, the paper critically analyses tax policy, SMES compliance, perception and growth relationship in Ghana. The specific objectives of this paper are: To find out if SMES comply with their tax obligations and policies; To examine SMES perception on tax policies; and To identify the effects of tax policies on SMES growth in Ghana. The research was primarily carried out at the Accra Metropolitan Assembly and it covers four markets of Kantamanto market, Makola market, Malata market and Dome Market. Respondents from these markets were small and medium business owners in operation from 2002 to 2015. The survey was administered using questionnaire and a total of 200 respondents were used with 50 respondents from each market. Data was analysed using SPSS version 21. Multiple regression analysis was employed in this study and the findings of this research indicated that majority of the respondents perceived adverse impact of tax policies on SMES compliance, growth and perception in Ghana. The findings will be beneficial to stakeholders in reforming measures to bridge tax policies to SMES in an efficient and effective manner.
Cited by 14
Mavis S. B. Mensah, Francis Enu-Kwesi · Industry and Higher Education · 2018
Eugene Oware Koranteng, Eugene Osei-Bonsu, Francis Ameyaw · Open Journal of Business and Management · 2017
Solomon Gbene Zaato, Mohammad Ismail, Sathiswaran Uthamaputhran · Lecture Notes in Networks and Systems · 2021
Nicholas Oppong Mensah, Richmond Anaman, Christian Ofei Gyadu · Journal of Agribusiness in Developing and Emerging Economies · 2025
Tom Moerenhout, Joonseok Yang · Development Policy Review · 2022
Mohammad Izzuddin Mohammed Jamil · Advances in Logistics, Operations, and Management Science · 2023
Kamal Deen Moro, John Wiredu, Seth Acquah Boateng · Asian Journal of Economics and Empirical Research · 2025
Y. Sebele Mpofu Favourate · Journal of Accounting and Taxation · 2021
Oliver Nyamekye, Edem Emerald Sabah Welbeck, Mawuena Akosua Cudjoe · Journal of Accounting in Emerging Economies · 2025
Abdel Moneim Elhadi Sulieman, Osman Ahmed Osman, Zakaria Ahmed Saleh · Halal and Kosher Food · 2023
Related research
- Policy Framework for Fair and Effective Local Taxation of Outdoor Advertising Structures in Rivers State, Nigeria — shares topic coverage
- Fostering a Culture of Voluntary Tax Compliance among the Construction Contractors; Drivers and Barriers at Firm and Policy Level — shares topic coverage
- Trade Taxes, Domestic Taxation, and Nigeria’s Global Value Chain Participation: Trends and Implications (1995–2024) — shares topic coverage
- Tax Revenue and Socio-economic Performance in Nigeria — shares topic coverage
- The Effects of Personal Income Tax Evasion on Socio-Economic Development of Nigeria — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
14
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.