Finance Research Papers/Topics

CHALLENGES AND PROSPECTS OF GROUP LENDING IN MICROFINANCE SERVICE DELIVERY: EVIDENCE FROM WOMEN GROUPS WITH THE BONZALI RURAL BANK IN TAMALE.

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...

ASSESSING THE IMPACT OF MUTUAL FUNDS IN GHANA. A CASE STUDY OF DATABANK

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...

EFFECT OF RECAPITALISATION ON BANK EFFICIENCY AND PRODUCTIVITY IN GHANA

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...

ASSESSING THE PERFORMANCE OF ACTIVE AND PASSIVE TRADING ON THE GHANA STOCK EXCHANGE

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...

OVERCONFIDENCE BIAS OF INVESTORS’ INVESTMENT DECISIONS ON GHANA STOCK EXCHANGE

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 ...

STOCK MARKET INTEGRATION IN WEST AFRICA

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). ...

ASSESSING THE CREDIT RISK MANAGEMENT PRACTICES AMONG RURAL BANKS IN THE TAKORADI METROPOLIS

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...

EFFECTS OF EXTERNAL DEBT ON ECONOMIC GROWTH IN GHANA

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...

Effect of Oil Price Changes on Stock Prices on the Ghana Stock Exchange

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...

FINANCIAL LITERACY, MICROFINANCE, AND PERFORMANCE OF ARTISANAL FISHERMEN IN ELMINA FISHING COMMUNITY

ABSTRACT The growth of Ghana’s fishing sector has been spectacular in the past years leading to the sector generating more than GHS1billion in revenue annually and accounting for 4.5 percent of Ghana’s GDP while creating employment for about 210,000 people directly in the sector. However, the financial literacy of the fishing community in Ghana is reported to be low with an unimpressive performance. The study investigated the relationship between financial literacy, microcredit, and perf...

BANKS NOVELTIES AND FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN GHANA

ABSTRACT The chief thrust of this work is to examine the stimulus banks novelties has on fiscal performance in Ghana profitable banks listed. This research selected these banks registered on the interchange market to avoid issues of subjective outcomes which may lead to sceptical issues later on. Specifically, the study sought to: look at, the influence bank innovations have on net interest margin in Ghana commercial banks, scrutinise the stimulus banks novelties has on earning per shares in ...

N EXAMINATION OF CREDIT PROCEDURES AND DEFAULT RATES: A STUDY OF ADVANS GHANA SAVINGS AND LOANS LIMITED

ABSTRACT This study examined to what extent the credit processes contribute towards loan delinquency. The convenient sampling procedure was used to select thirty (30) respondents: fourteen (14) credit officers and sixteen (16) clients all from the Microfinance Institution studied for the research. Frequencies, Charts, Percentages and Tables were the statistical tool used to analyze the data collected. Microsoft Excel Software and SPSS were used for the analysis. From the findings it was clear...

FOREIGN DIRECT INVESTMENT AND EMPLOYMENT CREATION IN GHANA: A PANEL DATA ANALYSIS FROM 1997-2012

ABSTRACT This study examined the effect of foreign direct investment (FDI) on employment creation in Ghana using panel data covering the period 1997 to 2012. The study employed Pedroni co integration, Johansen panel test and the Granger No-causality test procedure suggested by Toda and Yamomanto to empirically examine the relationships and directional relationships between FDI and employment creation. The study employed two controlling variables namely exchange rate and GDP growth. The study ...

INFLATION TARGETING AND ECONOMIC GROWTH IN GHANA

ABSTRACT This study investigated the relationship of inflation targeting monetary policy and economic growth in Ghana. Inflation rate was measured by conditional variance generated by fitting an empirical Generalized Autoregressive Conditional Hetroskedasticity (GARCH) model to seasonally adjust annual consumer price inflation for the period 1960-2015. The inflation rate measure, together with macroeconomic control variables, was used to estimate economic growth models for two periods corresp...

MACROECONOMIC FACTORS AND FOREIGN DIRECT INVESTMENT IN GHANA.

ABSTRACT The thesis examined the effect of macroeconomic factors on foreign direct investment inflows to Ghana. It specifically examines a few selected macroeconomic variables that have either a direct or indirect relationship with foreign direct investment in Ghana. The principal objective of this study was to empirically analyse the effect of macroeconomic variables on foreign direct investment in Ghana between 1993 to 2013. Secondary data are used in this study. Time series data for the pe...


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