Abstract:

This paper investigates the relationship between technology adoption (TAD), and competitiveness, operational efficiency, access to finance, and innovation capacity of SMEs in Ghana. The study further explores the mediating and moderating effects of supply chain integration and organisational culture on TAD. Stratified random sampling of1,588 SMEs of diverse sectors in the 16 regions of Ghana constituted the sample size. Using the Structural Equation Model (SEM) we found a statistically significant positive relationship between TAD and SME competitiveness. It was found that organisational culture significantly moderated the relationship between TAD and access to finance as well as TAD and operational efficiency. Having revealed the critical role TAD plays in enhancing SMEs’ competitiveness, operational efficiency, innovation capacity, and access to finance in contemporary Ghana, the paper recommends that SMEs proactively seek opportunities to adopt modern cost-effective technologies into their operational activities to enhance accelerated growth and sustainability.

Keywords:

Technology Adoption, SMEs, Competitiveness, Operation Efficiency, Finance.

How to Cite:

Deodat E. Adenutsi. The Multifaceted Impact of Technology Adoption on SMEs in Ghana. [ref]: vol.22.2024. available at: https://refpress.org/ref-vol22-a42/