Abstract The econometric nexus among infrastructure growth, external debt and Exchange Rate in the SubSahara Africa region has been investigated. The study period covered 1980 to the year 2017 for 42 countries in the Sub-Sahara Africa region. The study utilized co-integration and Vector Error Correction Mechanism, a type of Panel Vector Autoregression to test the nexus between infrastructure growth, external debt, and real exchange. Granger causality test examines the causal nexus among the v...
ABSTRACT This study set out to investigate the effect of funding sources on the lending patterns of banks in Ghana. Using a large and representative sample of 22 banks operating in Ghana from 2005 to 2011, the study investigates the funding sources, the lending patterns of banks in Ghana as well as the effect of funding sources on lending patterns.The study made use of a panel data methodology using a panel corrected errors estimation technique. The findings of the study indicate that depos...
ABSTRACT The energy sector has experienced tremendous growth in the past year in line with rapid population growth in the country. The increase in demand sometimes leads to the inability of the State Owned Enterprises (SOEs) to meet the user's needs and therefore increases its operational cost. They, therefore, borrow from both internal and external sources to finance its operations. Unfortunately, there are less empirical studies that show the impact of energy sector debts on the balance she...
ABSTRACT The purpose of this study was to determine the relationship between liquidity and credit risks, and bank spread. It also sought to determine the cyclicality of the effects of liquidity and credit risks. Financial institutions play an important role in the Ghana’s economy. Among other things, the intermediary role they play between entities with surplus funds and those who have a deficit. They do this by accepting surplus funds through savings and other deposits which they then give...
ABSTRACT Financial inclusion is believed to favour mainly low-income groups such as the poor. Despite the proposition in theoretical literature that financial inclusion can bring a lot of welfare benefits to the poor, empirical investigation to that effect is rather scant (little). Using 35 countries and almost 35,000 individuals, this study explored determinants as well as the effect of financial inclusion on poverty reduction in Sub-Saharan Africa. We employed Treatment Effects version of t...
ABSTRACT There is ongoing conversation among researchers and practitioners on the role working capital variables play in determining the profitability of firms. The findings of previous research works have proven to be far from conclusive, having shown that the role of working capital management can, at best, be context specific. This means that there is the need to examine the relationship between working capital management and profitability in different contexts. While extant literature has...
ABSTRACT The purpose of the study was to examine the effectiveness of fraud risk management practices in the banking sector of Ghana. The structured questionnaire was used as the main research instrument. Items in the questionnaire were measured on a five-point ranking scale. Both local and foreign universal banks in Ghana, were included study. A total of 100 employees, 50 from the local banks, and another 50 from the foreign banks, were sampled through purposive and convenient sampling techn...
ABSTRACT The objective of the study was to analyse the role of financial institutions development in the link between FDI and industrialisation in SSA. Employing the static model (Fixed Effect Model) and the dynamic model (Generalised Method of Moments), the study utilises a panel model of 45 countries in SSA spanning the period 1990 to 2009. The findings of the study reveal that previous year output of the manufacturing industry is very essential to the industrialisation process in SSA. Addi...
ABSTRACT Private investment, employment and social welfare are key socio-economic development policy variables of many a developing nation. Over the two decades (1990-2009) that this study covered, Sub-Saharan Africa (SSA) has experienced interesting dynamics in private investment, employment and social welfare. Key among them is a dwindling public sector investment and a marginal increase in private investment coupled with an increase in employment which is mostly driven by a surge in female...
ABSTRACT The study seeks to analyse the effect of leverage on bank financial performance and provide a comprehensive comparative analysis of foreign and domestic banks in Ghana with regards to the debt component of their capital structure over a ten year period. Secondary data was collected from the annual reports and financial statements of twenty-four (24) banks between 2006 and 2015. Parameter sensitivity analysis is carried out to test the difference between the performance of foreign and...
ABSTRACT Access to finance has been identified as a dominant constraint facing the Ghanaian Small and Medium Enterprises (SMEs) sector. Many sources of finance have been identified to be available to the SMEs. The purpose of this study was to determine the awareness of small and medium enterprise financing options to the entrepreneurs and the case study was the Tema Metropolis. Communities 1,2,4,5,7,8,9 and 25. A questionnaire was designed and used to collect data from ninety four (94) entrep...
ABSTRACT The main rationale for this study is to investigate the effect of market timing, capital structure and performance of listed firms in Africa. The thesis employs various econometric models to analyse the unbalanced panel data collected from 16 African countries from 2007-2017. Annual financial reports from Africa listed firms, covering 11- years including the period the study started was obtained from Bureau Van Dijk (ORBIS) database, and the macro data was also obtained from the WDI ...
ABSTRACT Investment is a very important activity in the life of every income earner. It basically entails setting aside part of one’s income into an investment vehicle to yield returns in a form of reserving and or increasing the value of the initial amount invested. Treasury bills are one of the avenues for investing by income earners since it yields guaranteed returns over various time periods/durations. This study investigates whether there are behavioral factors influencing the demand f...
ABSTRACT Savings play an important role in the economic development of any country and as such, the primary objective of all government’s policy is geared towards promoting savings and capital formation in the economy. Household savings provide or serve as backup in case(s) of international capital flow shocks. As such, the main aim of the study was to assess the factors that determine savings as well as the demographic factors that influence savings within the Ga Central Municipality. A de...
ABSTRACT This study aims at establishing the role that inward foreign direct investment (FDI) and institutions played in the industrialisation process of 40 sub-Saharan African countries, over the period of 1996 through 2015. The study used a fixed effect method (FEM) of estimation for the analysis of data which was sourced from the world development indicators (WDI) database of the world bank and the world governance indicators (WGI) database, also of the world bank. The findings of the stud...