ABSTRACT This study set out to examine the impact of financial inclusion in poverty reduction in SubSaharan Africa. Using a representative sample of 40 countries from the region covering a period from 2010 to 2014, the study examines the level of financial inclusion among the countries in the region. Sarma’s (2008) approach was used in computing the index of financial inclusion for the 40 countries in the study. The study also examines the factors that determine financial inclusion in Sub...
ABSTRACT The relationship between natural resource-richness and economic growth and development has been a focus of discussion for decades but recent debate was started in the 1990s. There has not been agreement as to how natural resources are vital to economic growth. This paper re-examines two main aspects of resource curse and growth literature, the first has to do with the measurement of natural resource endowment and economic growth while the second one has to do with the institutional...
ABSTRACT This study set out to assessed the impact of governance variables on asset quality of Ghanaian banks. Using thirty-two banks operating in Ghana from 2006 to 2016, the study investigates how corporate governance can influence the quality of asset among banks. The study employed random estimation technique strategy. The findings for the study indicate that non-executive board member ratio has a significant inverse nexus on NPLs. The results suggest that the presence of outside director...
ABSTRACT Agriculture is labour intensive and output produced depends to a great extent on the readiness and value of the working labour. It has been observed that health shocks decrease the productivity and potential investments into agriculture, and perpetuates poverty among smallholder farmers. It is argued that, Health Insurance coverage for smallholder farmers can go a long way to ameliorate the impact of heath shocks and smoothen investments for farmers. However, little is known about th...
ABSTRACT The study aims to explore the factors that drive panic withdrawal, the reasons for withdrawals and the further actions that bank clients take after withdrawing their deposits during the collapse of banks from an individual customer perspective. A cross-sectional data set was collected from 80 customers of banks in Ghana using a survey instrument. In total, 44 percent of respondents have accounts with at last one of the failed or collapsed banks. Overall, half of the respondents withd...
ABSTRACT One of the most critical impediments MSMEs face is the access to finance. This is largely due to the problem of information asymmetry associated with MSMEs. Financing decision is a vital issue for every small business, as its absence often leads to bankruptcy and failure of the business. Extant literature suggests that business owners often finance their firms with different debt-equity ratios. A practical question could be asked as to what factors influence such financing decisions?...
ABSTRACT The purpose of this research was to determine the extent to which OmniBank’s SME Clinic has had a positive effect on the business management capacity and knowledge of owners/managers of SMEs in Ghana, with focus on the Accra Metropolis. This was done primarily through: determining the strengths and weaknesses of OmniBank’s SME Clinic and investigating the effect of OmniBank’s SME Clinic on the business management capacity and knowledge of owners/managers of SMEs. Looking at the...
ABSTRACT This paper examines the climate change effect on inclusive growth and the possible moderating role of adaptive capacity in climate change/inclusive growth in the long and short-run. The study employs temperature change anomalies (with 1951-1980 as the baseline climatological year) and CO2 emissions (metric ton per capita) as variables for climate change and a set of variables as indicators to measure inclusive growth. These set of indicators are adopted from the Asian Development Ban...
ABSTRACT This study examined the impact of mobile money and banking services on poverty alleviation in Ghana. In recent years, mobile money and banking services are argued to increase financial inclusion, especially in developing economies. The penetration of these services is therefore also theorized to reduce poverty significantly. However, despite the increasing penetration of banking and mobile money services in Ghana, there are limited studies assessing how the two impact on poverty a...
ABSTRACT The aim of microfinance is to alleviate poverty through the delivery of financial support services such as microcredit facilities particularly to the poor entrepreneurs and micro enterprises. Extending microcredit is one of the core businesses of microfinance institutions. However not all the microcredit granted to the poor entrepreneurs perform well in addition of generating the expected returns. This adverse effect has a significant influence on the loan portfolio at risk. In refer...
ABSTRACT The relationship between corporate governance and firms‟ performance is not a new phenomenon. Many researches were previously carried out with divergent findings. The performance measures used in those researches were the traditional accounting based performance measures which have been heavily criticized due to the fact that they fail to account for the cost of equity and debt which determines a firm‟s true value. This study adopted the value based performance measures, Economic...
ABSTRACT The continued and sustained growth of any economy is dependent on a strong and robust financial sector. The Bank of Ghana in a bid to reform and ensure stability of the sector, withdrew the licenses of nine banks in Ghana, one of which was uniBank Ghana Limited. This study aims at finding the reasons why uniBank failed from the perspective of former staff. The study gathered qualitative data through interviews and quantitative data from annual reports of the bank. The study found ove...
ABSTRACT This study investigated the effect of petroleum price on stock market returns in Ghana by using monthly data from 1990 to 2017. The study also examined the causality among macroeconomic variables as well as the moderating effect of financial crises and Ghana’s lower middle income status on stock market returns. The study adopted the Autoregressive Distributed Lag (ARDL) model and the Linear Regression Model to achieve the objectives of the study. The findings were that there is bot...
ABSTRACT Globally, microcredit has risen to prominence at a rapid speed after its large-scale success in the 1970s in Bangladesh with Grameen Bank. Its central idea is that traditional banks find the poor too costly to serve due to their lack of steady income and collateral. To address the issue of a lack of collateral to secure loans, some rural banks and microfinance companies have taken to group guarantees as a form of social collateral to provide loans. This study delves into the group le...
ABSTRACT Financial literacy and behaviour have attracted increasing attention in both the developed and developing world due to its role in financial decision and their influence on savings habits of Small and Medium Enterprises (SMEs) owners. This study examined the influence of financial literacy, financial behaviour on savings habits of SMEs owners in the Awutu Senya District of Ghana. The study used across-section data set within a descriptive research design. The study employed quantitat...