Financial literacy enables owner-managers of SMEs to understand and assess their own financial needs and make rational financial decisions. The paper explores the financial literacy of owner-managers of SMEs in the Cape Coast Metropolis and how such literacy influences the performance of their businesses. The study population were owner-managers of registered SMEs in the Cape Coast Metropolis from the National Board for Small and Medium Enterprise, out of which a sample of 132 was selected through the simple random sampling technique. The data was analyzed using Structural Equation Model. The results showed a positive relationship between financial literacy and the firm’s financial performance (t = 35.631, p < .00). The paper recommends that policy makers should specifically design a program and platform targeted at further enhancing the financial literacy level of these owner-managers to help improve the performance of their firms.

金融知识使中小企业的所有者-经理能够理解和评估自己的财务需求并做出合理的财务决策。本文探讨了开普敦都会区中小型企业所有者经理的财务知识，以及这种文化知识如何影响其业务绩效。研究人群是国家中小型企业委员会在开普敦大都市注册的中小型企业的所有者-经理，通过简单的随机抽样技术从中选择了132个样本。使用结构方程模型分析数据。结果表明，金融知识水平与公司的财务绩效之间存在正相关关系（t  = 35.631，p <.00）。该文件建议政策制定者应专门设计一个程序和平台，以进一步提高这些所有者-经理的财务知识水平，以帮助改善其公司的绩效。