Abstract:
Globalization, increased competitive pressure and rapid technological changes have brought the business world
to a point in history and thus, the Small and Medium Enterprise (SMEs) sector in Africa and Ghana are the
hardest hit and are now experiencing new challenges as they attempt to globalize their operations and become
competitive. The objective of this study was to establish the extent to which the challenges affect small and
medium enterprises’ globalization and competitiveness in Ghana. The Kendall's Co-efficient of Concordance was
conducted in assessing the level of agreement on the extent to which the various challenges affected their
enterprises in globalisation and competitiveness. The study revealed that globalisation and competitiveness of the
SMEs was affected greatly by the level of competition and increasing technology. The study recommended that the
SMEs have to put in place the right strategies in order to embrace the changing circumstances in the world
market place.
