ABSTRACT The purpose of this research is to investigate the impact that debt maturity structure has on the risk-adjusted profitability of firms by assessing the effect of short-term, long-term and total debt on risk-adjusted profitability. The study also compares these effects for financial firms as against non-financial firms. The research uses data collected from the financial statements of 35 listed companies on the Ghana Stock Exchange. The data is analysed using panel regression, with fi...
ABSTRACTS The aim of this study is to examine the trend of public debt, economic growth, and the relationship that exists between debt (both external and domestic) and growth in Ghana using time series data from 1965 to 2017. Based on this data, this study found that the economic growth rate in Ghana has been fluctuating, with a record gross domestic product (GDP) growth of -12.4% recorded in 1975 attributed partly to the political instability at the time (Coup d'état). The debt level for th...
ABSTRACT Motivated by the need to analyse the factors behind portfolio inflows of developing countries, this study aims to investigate the determinants of portfolio inflows (PI) of Sub-Saharan Africa (SSA). The study uses a panel data on 17 SSA countries over the period, 2005-2013. Net portfolio equity inflows as a percentage of Gross Domestic Product (GDP) is the dependant variable. The study employed a panel regression with domestic factors like market size, level of financial development,...
ABSTRACT The fast-paced nature of the modern world, coupled with the influx of quality information that define and inform people‘s critical attitude and approach to life has inspired the need for even faith based organization to show transparency and accountability in the management of resources committed to their care by members. This research was conducted to assess the financial management system of the Methodist Church Ghana, using the Tema Diocese as a case study; the effectiveness and...
ABSTRACT The fast-paced nature of the modern world, coupled with the influx of quality information that define and inform people‘s critical attitude and approach to life has inspired the need for even faith based organization to show transparency and accountability in the management of resources committed to their care by members. This research was conducted to assess the financial management system of the Methodist Church Ghana, using the Tema Diocese as a case study; the effectiveness and...
ABSTRACT Land titling is undoubtedly a crucial step in securing investments, sanitizing and providing some assurance for ownership in the land sector of the Ghanaian economy. However, the institution of formalized systems through registration and titling of lands which is considered a means to solve land conflicting issues has rather proven to be creating more uncertainties. The question remains as to why the nation is still yet to reap the full benefits of the Land reforms we are implement...
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 This thesis has four empirical papers. The first paper examines the determinants of bank market power in Africa. The second paper contains analyses of how financial development and financial innovation lead to economic growth convergence between African countries and the world’s technological leader. The second paper also analyzes whether financial innovation lead to economic growth in six sub-regions in Africa. The third paper examines whether bank market with power promote fina...
ABSTRACT The study investigated the effect of Capital structure on dividend payout of banks in Ghana. The main objective of the study was to measure the directional relationship between three capital structure variables. The Capital structure variables used were short-term financial leverages, total financial leverage, equity risk exposure and dividend pay-out was measured using the dividend payout ratio. The study design was casual and panel data. Annual data for all the capital structure va...
ABSTRACT The aim of the study was to assess the contribution of the internal audit function to the financial administration of technical universities in Ghana. Specifically, the study examined the contributions of the internal audit function to the technical universities of Ghana, evaluated the financial administration of technical universities in Ghana, ascertained the effective and efficient financial administration of the technical universities in Ghana, determined the relationship between...
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 study examined the web-based disclosure practices of governance information among listed banks in Ghana. Based on the G4 sustainability framework produced by the Global reporting Initiative (GRI), the study undertook a content analysis of the corporate websites of the banks considered. Banks included in the study were Access Bank Plc, Agricultural Development Bank, CAL Bank, Ghana Commercial Bank, ECO Bank, Republic Bank, and Standard Chartered Bank. The finding of the study sugg...
ABSTRACT The study set out to examine the effect of monetary policy and fiscal policy on the lending rates of commercial banks in Ghana. The study used secondary data acquired from the Central Banks quarterly report spanning starting 2004 - 2018. Time series data analysis was used. The study found that monetary policy had a significant positive effect on the lending rates of commercial banks. Government expenditure had insignificant effect on the lending rate and lastly inflation also had a p...
ABSTRACT This study reexamines the effect of shareholder activism, as a corporate governance mechanism, on firm performance. The owners of the firm (the shareholders) employ the managers (the agents) to manage the firm for them but this employment contract has the potential risk of adverse selection and moral hazard. Hence there is the need for the shareholders to be active and monitor the firm. This constitute shareholder activism. But the argument is whether shareholder activism improves ...