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, cons...
ABSTRACT This study investigated the relationship between stock market performance and economic growth in Ghana for the period 1991–2014, using quarterly secondary data. The objective was to empirically analyse the relationship between stock market performance and economic growth using Auto regressive Distributed Lag (ARDL) approach.The study found acointegrating relationship between economic growth and its determinants. The regression results show that stock market performance is a very ...
ABSTRACT The role of Credit unions in Ghana cannot be overemphasized. This motivated the researcher to investigate and establish the impact of credit union operations on its members’ development. To achieve this, quantitative approach through the use of explanatory design was adopted. Questionnaires with reliability alpha coefficient of .806 were used to collect responses from selected respondents. The data were analysed with the help of the Statistical Package for Social Sciences (SPSS ver...
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 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 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 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...
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 ...
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...
ABSTRACT The study investigated the relationship between capital structure and profitability of listed non-financial firms in Ghana, covering a seven-year period (2002-2008). Capital structure theories provided theoretical basis for the work. The study adopted the panel data methodology to examine the effects of capital structure on the profitability of twenty selected non-financial firms. The general least square technique was used as an estimation technique for the study. Financial statemen...
ABSTRACT The role of Credit unions in Ghana cannot be overemphasized. This motivated the researcher to investigate and establish the impact of credit union operations on its members’ development. To achieve this, quantitative approach through the use of explanatory design was adopted. Questionnaires with reliability alpha coefficient of .806 were used to collect responses from selected respondents. The data were analysed with the help of the Statistical Package for Social Sciences (SPSS v...
ABSTRACT Despite the major role played by rural and community banks in economic development and in the financial climate, their performance over a decade now have not been up to expectations. They continue to experience huge challenges due to innovations in technology as well as globalization which create opportunities for growth. The purpose of this study was to examine the impact of liquidity on rural and community banks in the Eastern Region of Ghana selected from eleven (11) banks for t...
ABSTRACT The study examined the relationship between financial literacy and personal savings among individuals in Adeiso. The study used descriptive design in the quantitative approach. Stratified sampling technique was used to select 300 respondents (nurses, teachers and SME operators) in Adeiso of which questionnaires were administered to them. Furthermore, the data was analyzed with the help of statistical software known as Statistical Product for Service Solution (SPSS version 21.0) and i...