ABSTRACT Ghana is a destination for mining gold, one of the precious metals in the world. This has attracted both legal and illegal prospectors to Ghana from far and near. In an attempt to regulate mining activities, the government issues licenses to determine who mines what, where and how. The gold industry is divided into two: large-scale and small-scale mining. Small-scale mining is reserved for Ghanaian citizens only. This way, the Environmental Protection Agency (EPA) and the Minerals Co...
Abstract The Ghana Stock Exchange has received a lot of attention in recent years. Some research done concerning the GSE conclude that the market is inefficient. Behavioural Finance has been used to explain the aggregate stock market, highlighting irrational decision making. Directly related to the field of Behavioural Finance, this research presents a study into how individual investors react to news on the GSE and the reasons why they react in the ways they do. A descriptive study was done,...
1 Introduction and Background Intensive economic growth in Ghana can be dated from the 1890s. (Reynolds, 1985) The history of Ghana’s economic policies dates back to about 1910 when we were under colonial rule. The economy then, which was not independent, was run by extractions’ policies that supported the export of the bulk of our raw materials. After Ghana attained independence in 1957, Nkrumah sought to create a self-sufficient country through polices that would move Ghana from being j...
ABSTRACT It is conventional knowledge that changes in macroeconomic risk factors have significant impact on the capital markets (Bali, Brown & Caglayan, 2014). Mutual funds primarily invest in the capital markets (Fairley, 1999); hence it is expected that these systematic factors will have a bearing on their prices. The nexus between macroeconomic factors and mutual funds have been explored extensively for developed markets (Marfo, 2017; Ansong, 2013), however, the evidence is weak for fronti...
ABSTRACT Global warming has become a major problem to countries around the world. This is usually caused by greenhouse gases emitted into the atmosphere. The main cause of these emissions is through human activities such as mining, building construction and manufacturing. These gases are considered to be harmful because it contributes to the increase in temperatures around the world. Research has proven that, the construction industry contributes about 40% of the overall greenhouse gases emit...
ABSTRACT Football as a sporting discipline has a large fan following in Ghana. However, Ghanaians patronize European Leagues more than the Ghana Premier League. This phenomenon has given rise to problems like low stadia attendances and high levels of player migration. In defining the sports industry and identifying its primary stakeholders, this study describes the nature of local football landscape. It hints at the drawbacks and flaws that have arisen due to current industry structures and m...
ABSTRACT The study explored the effect of Microfinance on the growth of female-owned businesses by focusing on how the financial and non-financial services offered by Microfinance Institutions (MFIs) affect the increase in assets, employees and revenues. It also explored factors that undermine the effect of these services on the growth of female-owned businesses. The research is a qualitative and uses purposive sampling technique. The findings of the research were based on the responses of th...
ABSTRACT This study is to find out the challenges faced by female entrepreneurs within Accra, Ghana. Females have been identified as individuals that encounter more obstacles in starting and growing their businesses as compared to their male counterparts especially within informal small and medium scale enterprises (SMEs) where they are pre-dominantly employed. Thus, female entrepreneurs in Danquah Circle were participants of the study in that women who owned and managed businesses in the sal...
Abstract Ghana Alternative Exchange (GAX) is an equity finance program established to help SMEs and start-up businesses with the potential of growing to raise capital at a lower cost from the public. The managing director of the Ghana Stock Exchange in an interview with XYZ Business said that he expected the first and second companies that have shown interest in the GAX to list by the end of the first quarter of 2014. However, there has not been a single listing onto the market eleven months ...
ABSTRACT The aim of this thesis is to investigate whether crowdfunding could replace microfinance as a better funding alternative for SMEs (Small to Medium Scale Enterprises) in Ghana. It also serves as a guide for potential crowdfunding institutions that would be interested in knowing the motivations SMEs have for choosing their financing methods. The key words that were where investigated and guided the entire study were SMEs, Crowdfunding and Microfinance The study then compares financing ...
Abstract Credit risk management is a very essential model for any financial institution, since most of the financial decisions revolve around the corporate cost of holding risk. This management practice is particularly important to banks since credit risk constitutes their core business processes. The banking industry in Ghana though is thriving profitably; the industry suffers the problem of credit risk. Results of the study revealed that credit risk management is a very effective and effici...
Abstract Since the introduction of mobile number portability in Ghana, mobile network operators (MNOs) have been challenged to retain customers as defection rates continue to rise. Currently, MNOs use competitive price strategies which constrain industry profitability and brand sustainability. To determine how MNOs can reduce dependency on competitive price strategies, the study examined: (1) the factors that drive satisfaction, (2) the relationship between satisfaction and loyalty, and (3) t...
Abstract The purpose of this study is to identify the effects that macroeconomic factors have on stock price movement in Ghana, using the Arbitrage Pricing Theory(APT) as a framework. Ordinary Least Square Regression (OLS) was employed for the study since it provides an ideal structure for the APT. The macroeconomic variables considered were inflation rate, treasury bill rate, cocoa price, crude oil prices, gold prices, Balance of Payment account (BOP), Gross Domestic Product(GDP) and exchang...
Abstract Cities in developing nations round the world cannot keep up with the vast quantities of solid waste they produce daily. In Accra, Ghana’s capital, despite the fact that about 100% of the waste collection function has been ceded to private waste contractors, about 30% of the waste produced remains uncollected, ending up in gutters, choking drains and blocking waterways. This poses a health risk to the people of Accra Ironically, waste holds economic, environmental and social value, ...
ABSTRACT Textiles in Ghana are a way of communicating our history. They do not only emphasize our cultural roots but also employs workers in the country. The textile industry is currently losing its market share to importation from other countries and the imitation of textiles. It used to employ about 25000 labor force in 1975 and as at 2005; it only employed 5000 labor force. As such the study investigated into the factors that have caused the decline in market share of local companies. Base...