Abstract Risk and tracking error budgeting was originally adopted by large institutional investors, including pension funds, plan sponsors, foundations, and endowments. More recently, risk and tracking error budgeting have gained popularity among financial advisors, multi-managers, fund of funds managers, high net worth individuals as well as retail investors. These techniques contribute to the portfolio optimisation process by limiting the extent to which a portfolio can deviate from its ben...
ABSTRACT Minimum capital requirement is significant in improving banks’ performance and minimizing the lending behaviour, thus it is vitally important to regulate financial institutions such as bank in order for them not take on excess leverage and become insolvent. The objective of this study is to assess the effect of minimum capital requirement on profitability and lending behavior of banks in Ghana. The study employs pooled panel data analysis with quantitative research approach, as wel...
ABSTRACT Motivated by the need to analyze the effect of effective corporate governance mechanisms on the enhancement of the loan quality of banks in emerging economies, this study aims to analyze the effects of executive compensation and ownership structures of Ghanaian banks on the quality of loans. It also examines the moderation effect of ownership structure on the relationship between compensation and loan quality. The study uses a panel data on 26 Ghanaian banks over the period, 2003-201...
ABSTRACT This academic work peeps at the consequence of financial growth on income disparity in Ghana using an Autoregressive Distributive Lag method for the period 1970 to 2012. An Unrestricted Error Correction Technique was adopted to analyse the long and short-run effects of these variables. The goals of the academic work were to uncover the consequence of growing financial sector and financial unpredictability on income disparity in Ghana. The experimental outcomes discovered that the out...
ABSTRACT The inferences of competition for bank stability, profitability and efficiency have been the subject of much debate, yet they remain controversial and inconclusive. Identifying channels through which competition affects bank performance may improve our understanding of the inconsistent findings in the literature. Hence, this thesis analyses the implications of competition and financial freedom for bank performance. The study also examines the determinants of bank profit persistence. ...
ABSTRACT Taxation is not only a major economic policy tool but also a means to encourage positive social behaviour and discourage negative social behaviour. Unfortunately, in Ghana, taxation is almost reduced to a tool for winning political power. Majority of the time, political discourse and economic policy discourse on taxation is at best anecdotal. The objective of this study is to investigate and provide empirical evidence on the relation between tax structure and growth in Ghana in order...
ABSTRACT This study sought to examine the effect of Internal Audit on Corporate Government at Metropolitan, Municipal, and District Assemblies (MMDAs). Five (5) Municipal and District Assemblies from the Volta Region were selected as a case study. Five (5) respondents which includes the Finance Officer, Budget Officer, Audit Committee member, Administrator and a Director further sample from each of these selected Municipal and District Assemblies. It was found from the study that, Internal Au...
ABSTRACT Small and Medium Size Enterprises (SMEs) play an important role in the economic development of nations. In Ghana SMEs are the key providers of employment and income, and the drivers of innovation and growth in the economy. Observing from statistics available however, it is very disturbing to note that the failure rate of SME businesses is quite high, while surviving SMEs are not able to sufficiently expand to provide the needed employment necessary to stimulate economic growth. Again...
ABSTRACT The factors that determine the level of universal bank lending rate are important to policy makers, investors, the banking industry and the public at large. The market for loans from universal banks is competitive and rates on these loans have tendency to reduce the deposit rate and increase the cost of borrowing. This study sought to investigate the determinants of lending rates in the universal banks in Ghana by answering the, what are the determinants of lending rates of Universal...
ABSTRACT This study has primarily sought to examine the effect of macroeconomic volatility on foreign direct investment in Africa. The investigation covers the period between 1980 and 2010 for twenty-nine countries. The main variables of concern were Exchange rate volatility and inflation volatility, GDP Growth volatility and Real interest rate volatility. The ARCH and GARCH Models introduced Engle (1982) and Bollerslev (1986) were used to model the volatility of the variables. The volatile v...
ABSTRACT The study was motivated by the growing innovation in the financial system in recent times. Though the move for innovation in the Ghanaian context has been slow relative to the advancements in developed economies, its impact in bank profitability and efficiency cannot be over emphasized. Hence, this study took the challenge to study the effect of bank innovation on Ghanaian banks’ profitability and efficiency between 2013 and 2017. The study employed a quantitative research approach...
ABSTRACT Policymakers and governments have raised concerns about the rate at which global climate change is occurring. The adverse impact of climate change on the environment and ecosystems has necessitated the formulation of mechanisms to address its effects. Empirical evidence has shown that climate change greatly affects health, water and food supply, and economic growth in Africa. However, given the emerging nature of climate change studies, little research has examined its impact on inco...
ABSTRACT The study sought to analyze the effect of exchange rate movements on Ghana’s economy (macroeconomic variables); it investigates the relationship these variables have in determining the stability of foreign exchange rate in Ghana, that is, the pricing of the Ghanaian domestic currency relative to the dollar in the context of macroeconomic variables. From different angles and aspect, this study is intended to add to related literature; provide new theoretical arguments and a comprehe...
ABSTRACT In the current economic environment, the trend of business activities and an ever-changing business has made it imperative for all forms of entities be it public or private to maintain and ensure internal control systems that are effective and can achieve optimum results for the entity in question. The main objective of the study was to evaluate the effectiveness of internal control systems between private and public hospitals. Descriptive research design was employed for the study, ...
ABSTRACT This study examines the relationship between countries’ compliance with AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) regulations and foreign direct investment. This study, to the best of the author’s knowledge, is the first to establish a link between AML/CFT compliance and FDI, with FDI being the dependent variable and AML/CFT compliance, the independent. The research uses a sample size of 74 FATF member states and extracts data on their FDI net infl...