ABSTRACT In the 21st century, retirement planning is an evitable aspect of employees’ financial decisions. Employees who are financially literate have been found to have healthy lives during retirement while financially illiterate employees struggle to survive during that period. It is in this light that, the study examined the effect of financial literacy on retirement planning among employees at Ghana Grid Company (GRIDCO). The study employed the quantitative approach and causal research ...
ABSTRACT The study investigates the relationship between exchange rate volatility and economic growth in Ghana using quarterly data from 1990 to 2012, by means of the Autoregressive Distributed Lag (ARDL) approach and the Granger causality test. The study found a unique cointegrating relationship between economic growth and exchange rate volatility. The regression results show that exchange rate volatility exerts negative and statistically significant effects on economic growth both in the sh...
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 interest in financial literacy has increased globally because it enhances financial security, wealth creation and excellent portfolio choice for the individual. The study was set up to investigate financial literacy and the practice of saving and investment by public sector workers in the Ajumako Enyan Essiam district of the Central region of Ghana. Frequency distributions, percentage, contingency tables and bar charts have been employed to show the results in the study conducted...
ABSTRACT The main purpose of this study was to examine the effect of exchange rate (Cedi to the Dollar) movement on the prices of domestic goods and services in Ghana using time series over the period 2005 to 2015. The quest to conduct this study was to enable an estimation of the rate of any pass-through, and its proportionality to inflation levels in Ghana using exchange rate, interest rates, and monetary policy rate. The study was to establish the effect of exchange rate, interest rates a...
ABSTRACT The study assessed the effects of taxation on financing decisions of SMEs in Kumasi Metropolis, Ghana. Kumasi is mostly dominated by SMEs in various economic sectors of the Ghanaian economy. The study targeted registered SMEs, with a sampling frame of 153 businesses. A sample size of 115 was determined and were selected (stratified sampling technique). A 100 percent return rate was recorded. Descriptive research survey design was adopted and through structured questionnaire, primary...
ABSTRACT The study examines the antecedence of inflation, most especially the effect of money supply growth, interest rate and real depreciation of the cedi on inflation in Ghana using annual time series data from 1990 to 2016. An Autoregressive Distributed Lag model was adopted as the estimation technique to examine the long-run and short-run dynamics among the variables used. In the long run, the regression estimates indicated that there is an insignificant positive effect between money sup...
ABSTRACT The study examines the effect of capital inflow variables on financial development in Ghana. Annual data on foreign direct investment and external debt was extracted from the World Bank World Development Indicators from 1970 to 2014 while data on domestic access to credit by the private sector and remittance inflows was extracted from the Global Financial Development Dataset from 1970 to 2014. Data was analysed by using the descriptive, causal and the Johansen and Juselius (1990) mu...
ABSTRACT This study sought to determine the effect of real effective exchange rate on economic growth in Ghana using annual data for the period 1984 to 2014. The study employed the Auto Regressive Distributed Lag Estimation technique as well as the Bounds Testing approach to cointegration to establish a long run relationship between Economic Growth and Real Effective Exchange Rate in Ghana. The result suggests that real exchange rate, capital stock, and labour force exert a positive and stat...
ABSTRACT The main ambition of most organizations today is to present good financial results that may have the impetus of propelling the organization into the realization of its grand objectives. One important part of this is to ensure an effective way of managing liquid capital or in other words fund management. The thrust of this document is to help improve the public sector financial management practices, with a particular reference to the second cycle institutions of Ghana Education Servic...
ABSTRACT The issue of credit risk is of greater concern because of the higher levels of perceived risks resulting from some of the characteristics of clients and the business conditions that these clients find themselves in. The structure of risk management calls for a review that reflect on policies and procedures which will help manage risk as well as conform to the best practices. As a contribution to this exercise, this study focuses on Unique Trust (UT) Bank and Teachers’ Fund (TF) Fin...
ABSTRACT Credit risk and liquidity risk management practices are very critical for efficient operations and survival of banks. This is because they have the tendency to affect the core existence of banks (profitability). However, the impact of credit risk and liquidity risk on the performance of banks is yet to be fully explored in Ghana. The recent takeover of UT bank Ltd and Capital bank Ltd by GCB bank Ltd; where issues of insolvency were cited by BoG as reason for the takeover is a proof ...
ABSTRACT The study assessed the financial challenges and coping strategies adopted by students in financing tertiary education. It specifically investigated among others the sources of funds available to the students, the nature of financial challenges and their coping strategies. Participation in the study was restricted to only Levels 300 and 400 students of the University of Cape Coast from all eight schools and faculties in the University. A case study design was adopted, and questionnair...
ABSTRACT The study examines the antecedence of inflation, most especially the effect of money supply growth, interest rate and real depreciation of the cedi on inflation in Ghana using annual time series data from 1990 to 2016. An Autoregressive Distributed Lag model was adopted as the estimation technique to examine the long-run and short-run dynamics among the variables used. In the long run, the regression estimates indicated that there is an insignificant positive effect between money sup...
ABSTRACT The main ambition of most organizations today is to present good financial results that may have the impetus of propelling the organization into the realization of its grand objectives. One important part of this is to ensure an effective way of managing liquid capital or in other words fund management. The thrust of this document is to help improve the public sector financial management practices, with a particular reference to the second cycle institutions of Ghana Education Servi...