Abstract
The growth of small and medium-sized firms (SMEs) of most economies both developed and developing is not underestimated. This is because SMEs in particular, the construction SMEs are characterised as an engine of growth in facilitating employment, socio-economic and developmental needs of a nation. Ghana, in view of its status as a developing economy, is also driven by the impact and activities of the Construction SMEs. Therefore, the growth of construction SMEs is so pertinent to the Ghanaian economy due to enormous benefits that are achieved. As a result, it is significant for the study to explore into the gaps that will enhance the growth of these firms. The study adopted a mixed methodological approach including a review of literature supported by the use of electronic questionnaire survey in order to achieve this objective. The study established the paramount growth gaps among SME construction firms as the less attention on stakeholder's involvement and educational training. Further findings from the study also revealed that growth of construction SME firms are influenced by three core determinants namely entrepreneurial features of firm owner, firm characteristics and the business environment that the firm operate. Conclusions from the study suggest that SMEs firms do not engage in educational training activities due to the perceived associated cost involved. Further conclusions also stressed that the construction activity is accompanied with vast stakeholders, and, therefore, there is always the challenge of selecting from the identifying stakeholders to contribute to the firm's growth.