ABSTRACT The study seeks to evaluate the effectiveness of the disbursement and utilization of the District Assembly Common Fund (DACF) in the Gomoa East District Assembly. A sample size of 273 was used for the study. The study employed both primary and secondary data. The study revealed the following as its major findings: That the administrator of the DACF is primarily responsible for the effective monitoring of the disbursement and utilization of the DACF through its demand of DACF budgets ...
ABSTRACT The central objective of this study is to assess the effect of capital structure on performance of OMCs in Ghana. The data sample consists of six oil marketing companies that have been in continuous existence from 2010-2015. The study employed panel regression models to examine the relationship between capital structure and performance of OMCs in Ghana. The results of this study show that the analysis of leverage and firm performance relationship produces mixed outturns. The leverage...
ABSTRACT For a nation to grow faster, it must direct its oil revenue on pro-poor investment. It must be noted also that, reforms in the health and educational sectors are cornerstones of a nation. This means that investment in health and education is so important that a country should dedicate its natural resource revenue towards these sectors. The emphasis on investment in health and education cannot be taken for granted. As a result, this study empirically examines the influence of natural ...
ABSTRACT The study is on the topic assessing the Impact of revenue on development in the Accra Metropolitan Assembly. The research aims at discovering other sources of revenue that are available to the Assembly, assess the strategies that is being used for revenue collection and the accounting standard being used. Lastly, the research considered the impact of the internally generated fund. The test was made up of Assembly members, Revenue collectors, Core management Staff, District Planning C...
ABSTRACT Motivation – Globally, emerging economies are liberalizing their foreign direct investment regimes and adapting to best practices to attract investment. Purpose – The purpose of this study was to identify the motives behind increased Chinese decision to make foreign direct investment in Ghana. Methodology – The data used in this study was mainly from secondary sources consisting of yearly observations from 1993 to 2017 for the independent variables, and from 1994 to 2018 for th...
ABSTRACT This thesis is related to literature on (i) macroeconomic commitment institutions, i.e. institutions pledging policymakers to pre-established rules and procedures in monetary and fiscal policymaking, in order to overcome the issue of time-inconsistency (ii) institutional economics (iii) the interplay between the effectiveness of commitment and constraints and the institutional framework with focus on Africa where macroeconomic commitment institutions and (iv) political business cycle...
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 l...
ABSTRACT In the last few decades, mutual funds have developed due to the global integration of financial markets. The aim of this study is assessing the role of mutual funds towards increasing the financial gains of investors, using Databank Mutual fund as a case study. The study adopted descriptive research. The simple random sampling method is used to sample the 100 respondents from the Accra and Tema branches of Databank. The study found out that a greater majority of the respondents inves...
ABSTRACT Several changes in recent times have characterised the business of banking in the world which solely relied on sufficient capital to implement minimum capital requirement and to ensure banks stay competitively. The Central Bank in Ghana noticed that the minimum required capital of banks as of 2008 was not sufficient to enable them to take more significant ticket transactions. It, therefore, augmented the minimum required capital of universal banks to GH₵ 60 million on 31st December...
ABSTRACT This paper sought to test the weak-form market efficiency of the Ghana Stock Exchange and to establish whether the application of technical trading rules like the Variable Moving Average (VMA) on the Composite Index (CI) would be profitable during the periods January 2011 to December 2014. The study also provides evidence that active trading on the GSE can be profitable and can outperform the buy-hold-strategy adopted by a passive trader or investor. To establish market efficiency, t...
ABSTRACT The Efficient Market Hypothesis (EMH) postulates that all publicly available information on any firm’s stock future performance is incorporated in the firm’s stock price such that the actual price of the stock is equal to its intrinsic value. The EMH is argued to lead to “correct prices” which creates the necessary environment for efficient allocation of economic productive scarce resources. The documentation of empirical evidence of weak-form inefficiency on most stock ...
ABSTRACT The study focused on the integration of stock exchanges within West Africa using a Non-linear Auto Regressive Distributed Lag (NARDL). Market capitalizations as a percentage of GDP of the various markets within the region were obtained from the World Development Indicator (2014) and used to determine whether the markets move in the same direction both in the long and short runs. The empirical results indicated that market capitalization for the various countries was I(1) and I(0). ...
ABSTRACT The study was to assess the credit risk management practices among rural banks in the Takoradi metropolis. The study was a descriptive design which targeted workers and management of Lower Pra Rural Bank, Ahantaman Rural Bank Ltd, and Fiaseman Rural Bank. Questionnaires were administered to thirty workers while structured interview was conducted for three general managers of the various rural banks. Moreover, the data were analyzed with the aid of Statistical Product for Service Sol...
ABSTRACT This study revisits the relationship between external debt and economic growth in Ghana. Using annual data for the period 1986 to 2015, and applying Autoregressive Distributed Lag (ARDL) model and in line with the empirical literature, the study found a statistically significant positive relationship between external debt and economic growth in both the long run and short run for Ghana. The study also revealed that there was adjustment to equilibrium from the short-run. Besides, con...
ABSTRACT The study sought to examine the effect of oil prices on stock prices on the Stock Exchange in Ghana. To achieve this, the studies stet out to examine the short and long run effect of oil price on stock prices. The studies also examine the causality between the variables. Using monthly time series data January 2003 to December 2014, and controlling for inflation, money supply, interest rate and exchange, the study found that there is cointegrating relationship among the variables us...