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 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 This study is aimed at devising new and more effective tax enforcement strategies for the collection of taxes from informal sector in the Accra Metropolis. The research methodology involved semi-structured interviews with the Commissioner, Deputy Commissioner and Assistant Commissioner of the GRA and administering questionnaires to 385 informal enterprises in the Accra Metropolis. The findings of the study revealed that both resident and non-resident eligible persons who are either e...
ABSTRACT This study seeks to evaluate the mining companies in Wassa West District’s social responsibilities from the community members and other stakeholders’ perspective. The specific objectives included the identification of the approaches the mining companies are using to respond to the call for Corporate Social Responsibilities (CSR), the mining companies’ contribution to host communities’ health care system, educational development, employment and how stakeholders view the sustai...
ABSTRACT A public pension scheme is the only formal scheme that guarantees income security for the aged. In this regard, the voluntary pension scheme is an income supplement, therefore, it is economically prudent for workers to embrace the schemes as an optional insurance to ensure income security and alleviate poverty among individuals to cope with major retirement risks. The purpose of the study was to assess the attitude of public sector workers towards voluntary pension schemes as a way o...
ABSTRACT The issue of economic growth has become a great concern for many economies. The growth of economies has been attributed to many factors. To contribute to this subject, the study investigated the impact of foreign direct investment (FDI) on economic growth using evidence from Ghana. It went further to determine which FDI impacted sector has a significant effect on economic growth. Using time series data spanning from 1980 to 2012, Autoregressive Distributed Lagged model (ARDL) is empl...
ABSTRACT The purpose of the study was to examine financial literacy of small business owners, financial records keeping and enterprise performance in the Tarkwa-Nsuaem Municipality of Ghana. Financial literacy level and operating performance of those enterprises as a measure of business economic performance was examined. In addition, the study examined financial records kept by small business owners. It was an explanatory study which employed quantitative methodology and survey strategy. Find...
ABSTRACT Banks play very significant task in the fiscal life of every country. A strong and stable financial system, underpinned by sound macroeconomic management and prudential regulation, is an essential ingredient for sustained growth. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. The main objective of this study is to identify the determinants of loan default using UT Bank as a case...
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...
ABSTRACT Working capital management plays a vital role in improving the financial performance of companies. The purpose of the study is to analyze the effects of working capital management on the financial performance of pharmaceutical companies in Ghana. For this reason Pearson correlation and regression were used to analyze the secondary data in the form of annual financial report were obtained from the pharmaceutical companies for a period of eleven years (2005-2015). The study measured fi...
ABSTRACT This study assesses the impact of Microfinance on Rural communities in Agona District in the Central Region of Ghana. The specific objectives of the study were to assess customers’ level of awareness of microfinance programmes in place, the effect of microfinance on poverty reduction, challenges faced by residents in acquiring loans from MFIs, constraints associated with the operation of MFIs and strategies to improve the services of MFIs. A survey was conducted and one hundred (10...
ABSTRACT The need for the government to maintain macroeconomic stability is becoming increasingly crucial in the era of slow economic growth, growing unemployment and high debt. However, the trend of Balance of Payment over the years reveals an unstable pattern. One key factor that has been overlooked in terms of the determinants of Balance of Payment is exchange rate volatility. Coming from the background of volatility/instability in the Ghana’s exchange rate, could it be the reason for th...
ABSTRACT Government of Ghana has put in place many measures to improve the wellbeing of cocoa farmers in the country through increase in the income they receive from cocoa produce. Despite this, cocoa farmers in Ghana do not earn the quality premium received by Ghana cocoa on the international market. This study examined the influence of cocoa farming business and financial literacy on the social welfare of cocoa farmers in the Brong-Ahafo Region of Ghana. The study employed both qualitative ...
ABSTRACT The study was to examine working capital management among small and medium scale enterprises (SMEs) in the Agona West Municipal Assembly in the Central Region. The study employed a survey research design of which the targeted population was the SME operators in the Agona West Municipal Assembly. The study sampled 155 respondents using simple random sampling technique. Questionnaire was the main data collection instrument. Furthermore, the data were processed using SPSS version 21.0....