Finance Research Papers/Topics

Corporate Governance And Internal Audit: A Case Study Of Mmdas In Volta Region Of Ghana,

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...

Harnessing The Growth Of Smes In Ghana-Issues And Strategies. A Study Of Firms In The Local Food Service Industry

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...

Determinants Of Universal Bank Lending Rate In Ghana

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...

Macroeconomic Volatility And Foreign Direct Investment In Africa

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...

Effect Of B Ank Inn Ovati Ons On Fin Anci Al Pr Ofitability And Efficiency Of B Anks In Gh An A

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...

Climate Change And Income Inequality In Africa

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...

Impact Of Macroeconomic Variables On Exchange Rate Movements In Ghana

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...

Valuating The Effectiveness Of Internal Controls Between Public And Private Hospitals

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, ...

Aml/Cft Compliance: Does It Influence The Influx Of Foreign Direct Investment

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...

Factors Influencing Liquidity Of Banks Listed On The Ghana Stock Exchange

ABSTRACT The conduction of this study involves regressing some specific external and internal factors on the dependent liquidity function which is, liquid assets to the total asset (LIQ) for the 11-year period from 2007-2017 of 8 Ghanaian banks listed on the stock exchange. Two separate analyses, fixed effect, and random effect panel regressions were conducted during the analyses of the study with the Hausman test performed to choose the best among the two. The result showed that bank size is...

Causes Of Takeovers In Ghaha: A Case Study Of UT And Capital Bank

ABSTRACT This study investigated the causes of takeovers in Ghana with specific interest in UT and Capital Bank, due to the shock value it created among Ghanaians at the time. The specific goal of this project was to scrutinize the reasons that led to the takeovers of these two Banks and whether the central bank could have prevented the failures of these banks. The study adopted the quantitative approach to research. The study used ratio analysis. The Data was obtained from the financial stat...

Do Credit Information Sharing Schemes Matter to Bank Profitability? Evidence From Africa

ABSTRACT The study investigates the profitability of banks within 41 African countries from the period 2004 to 2013 at different levels of credit information sharing using the depth of credit information index to measure the extent of credit information sharing (i.e. the rules/laws and practice affecting the coverage, scope and accessibility of credit information available either through private bureaus/public registries) in Africa. The extent of credit information sharing is also disaggrega...

How do Monetary And Fiscal Policy Shocks Explain Macroeconomic Fluctuations in Africa?

ABSTRACT This study examines the joint impact of fiscal and monetary policy shocks on some fundamental macroeconomic indicators in three emerging African economies: Ghana, Nigeria and South Africa. The study uses a vector autoregressive (VAR) method with recursive ordering to explain the relationships between the variables over the years 1970 to 2013. The macroeconomic variables considered include real GDP, Inflation and Trade. Granger causality tests are used to determine the causality beha...

The Agency Theoretical Explanation of Bank Interest Rate Spreads in Accra

ABSTRACT Few empirical studies have been done on the bank interest rate spread in the context of Africa as a whole. However, these studies failed to explain the possible effects of agency costs on the bank interest rate spread in Africa. This study, therefore, depending on bank-level data on two hundred and ten (210) banks in twenty-eight countries in Africa, and controlling for macroeconomic variables, bank-specific variables, regulatory as well as industry-specific factors, we employed the...

Impact Of Health Insurance On Household Savings And Children’s Educational Investment: Quasi-Experimental Evidence From Ghana

ABSTRACT In recent times, health insurance which seeks to reduce the financial bottlenecks that surrounds access to healthcare has gained much prominence in low-income countries. This may partly be attributed to the observed negative impacts of unanticipated health shocks on poor and vulnerable households in developing countries. A number of African countries in recent years have piloted universal health insurance schemes to provide some basic coverage for all their citizens. However, the imp...


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