“…Various studies have been conducted on aspects of small enterprises to the exclusion of financial literacy, including challenges, which are experienced across the entire value chain of the operational areas (Appiah et al, 2018; Ayyagari et al, 2007; Quartey et al, 2017); competition (Appiah et al, 2018; Bouazza, Ardjouman, & Abada, 2015); entrepreneurial capabilities (Bouazza et al, 2015; Kazimoto, 2014); innovation (Tuffour, Agbaam, Edzeame, Aye-Darko, & Darko, 2018), managerial leadership (Tuffour, Abubakari, & Tuffour, 2019; Tuffour, Banor, & Akuffo, 2015), human resource capabilities (Adomako, Danso, & Damoah, 2016; Pant, Lapres, Olafsen, Ronchi, & Cook, 2018); technological capabilities (Anderson, 2017; Cirera & Maloney, 2017), business success of micro-entrepreneurs (Chatterjee & Das, 2016), technical efficiency (Charoenrat & Harvie, 2017), dimensions of human capital in SMEs (education, knowledge, experience and skills) (Dar & Mishra, 2019) and managerial capabilities (Quartey et al, 2017). This gap in the literature on Ghana needs to be filled, and the present study addresses the problem.…”