Abstract: Small and Medium Enterprises are considered an important part in the development of most business societies. They play a significant role in the growth and developmental process of most countries. The study explored the use of quality financial information by owner/managers in Ghana and how this impact on SMEs performance. A mixed method approach, employing both quantitative and qualitative research methodology were utilised. Face-to-face interviews, using questionnaires were employed to collect data from 500 owner/managers of SMEs in the metropolis.