ABSTRACT The purpose of this research is to identify the determinants of AML compliance among member countries of FATF. This study measured the AML/CFT compliance levels of 165 member states of FATF from the year 2004 to 2016 by composing an AML.CFT Compliance Index. The Ordinary Least Squares technique of estimation was used to run multiple regressions of the data. The OLS technique was employed due to the low frequency, and quality of Money Laundering data. The results of the study suggest...
ABSTRACT Two central roles performed by banks, according to the modern theory of financial intermediation, are liquidity creation and risk transformation, making the banking sector a highly regulated one. The Ghanaian banking sector over the past two decades has been undergoing major reforms. One of such reforms is the issue of bank recapitalisation. It is against this background that the study sought to investigate the relationship that exists between bank regulatory capital and liquidity c...
ABSTRACT The purpose of the study is to investigate the relationship between branch banking and stability using efficiency as a conduit in the Ghanaian banking sector. Two measures of bank stability (the z-score and non-performing loans ratio proxies) were used. This is to ensure that the analysis of the relationship was from two complementary dimensions i.e. instability resulting from the risk of insolvency and non-performing loans. The fixed effect model was used to assess the impact of b...
ABSTRACT The purpose of this study was to investigate the extent of stock return synchronicity on the Ghana Stock Exchange. The study compared synchronicity levels across firm size, age and industry type. Finally, the study examined the influence of corporate governance on transparency while using stock return synchronicity as a measure of transparency. A ten year panel data spanning from 2000 to 2009 collected from 31 listed firms in Ghana was used. Daily stock returns were also collected ...
ABSTRACT Non-performing loans refers to credit facilities which have gone bad and pose profitability problems to banks. Banks in their daily operations, especially in their credit functions seek to identify risks pertaining to credits under consideration and/or management in order to prevent them from crystallizing into bad debts in their books. In this study, FBNBank Ghana Limited is used as a case study to identify the unique bankspecific factors and customer-specific factors that are con...
ABSTRACT The study examined the relationship of ODAs in the economic development of Ghana. It subsequently analyzed the association between ODAs interventions and development of education and health in the country by looking at the growth in educational enrollment as well as the increase in Life Expectancy. Based on these aims and objectives of the study, secondary data in the form of time-series data were acquired from OECD, the World Bank and UNDP were acquired for the study. The data acq...
ABSTRACT Despite the vast and growing empirical literature focusing on the association between innovation, financial access and firm performance, the combined impact of these factors in one study is dearth even though this relationship seems to be important, especially for developing countries. In this research, a conceptual model is developed applying the Resource-Based-View (RBV) theory of the firm to carry out an in-depth analysis of whether firm performance is affected by financial access...
ABSTRACT Remittances to developing countries have become not only the second largest type of flows after foreign direct investments but have also become more than official aids received. This paper uses data on remittance flows to 50 developing countries in Africa from the period 1990 to 2011 in studying the link between remittances and financial sector developments, the extent to which remittances may promote financial developments and the causality traceable between remittances and financia...
ABSTRACT The majority of women enterprises are in the informal sector and they earn low incomes. Research has shown that microfinance is a development tool that can be used to empower women. However, there have been several discussions on whether microfinance serves the poor; since about 70% of the world poor are women. The study seeks to assess the role microfinance plays in the social and economic empowerment of women in Ghana. Probability and non-probability sampling techniques were used ...
ABSTRACT The study provides a total factor productivity index for the banking industry. The study decomposes the components of overall productivity to determine drivers of productivity. Also, it seeks to examine the bank operational effectiveness by comparing any possible differences between efficiency and productivity scores among state, private and foreign banks. Finally, the study investigates the impact of ownership structure and corporate governance on bank productivity and also examines...
ABSTRACT Conventionally, an increase in international tourism receipts coupled with an upsurge in foreign tourist arrivals, into regions with many untapped investment opportunities, is naturally expected to trigger an influx of foreign direct investments (FDI) into such regions. Also, the resulting increase in FDI flows is believed to boost developments across many “green” and viable sectors, including tourism, within the host country upon equitable allocations of such foreign capital. T...
ABSTRACT The Ghanaian economy has for some time witnessed a seemingly unstable exchange rate. The strength of the cedi against the dollar has been fluctuating for the past decades. Analysts established that the instability in the exchange rate stems from the massive importation of goods and services which could be produced in the country. The worsening and unstable strength of the cedi against major currencies like the US dollar has contributed immensely to the rise in the cost of goods and...
ABSTRACT Economic growth is an important indicator of a society‟s wellbeing and its ability to sustain it over a period. It enables a rise in living standards and a greater consumption of goods and services. It is underpinned by a rise in real gross domestic product (GDP). Energy is a key component of the modern society and is used heavily in the production of output. Ghana has seen mixed results in its yearly economic growth since independence. It has also suffered various challenges in e...
ABSTRACT This study was primarily to ascertain the relationship and by extension the effect that the depreciation of the Ghana Cedi has on the inflow of foreign direct investments (FDI) into Ghana. The study employs secondary data from the Central Bank of Ghana database, World Development Indicators, National Statistical Service and the Ministry of Energy over a seventeen-year period from 2002 to 2016. The correlation analysis established that; currency Depreciation has an inverse relation w...
ABSTRACT This study investigates how the investment returns of Social Security and Insurance Trust (SSNIT) of Ghana has performed over the years compared with the financial market and designs a method for the optimal asset mix strategy for the scheme under different risk preferences using stochastic linear programming approach. A time series of annual data on returns on equity and treasury bills from the year 2001 to 2013 were used to investigate the performance of the SSNIT investment compa...