ABSTRACT The study examined the effect of capital structure on the financial performance of pharmaceutical, food and beverage companies listed on the Ghana Stock Exchange from 2007 to 2016. The performance indicators included Return on Equity (ROE), Return on Asset (ROA), Return on Capital (ROC) and Earnings per Share (EPS) while capital structure proxies were Longterm Debt to Capital Ratio and Short-Term Debt to Capital Ratio controlling for total asset. The study used panel data analysis as...
ABSTRACT The manufacturing firms under the SME sector has and continue to contribute significantly to the national GDP. One challenges faced with SME’s especially in the manufacturing industry is poor finance management coupled with poor working capital management. Firms can’t carry on with their business without working capital even though they have a healthy turnover. Therefore, Firm’s that lack the ability to identify significant working capital management practises will continue to ...
ABSTRACT The study sought to investigate the determinants of net interest margins of Microfinance Institutions (MFI’s) in Sub-Saharan Africa (SSA) amidst the surge in commercialization and the drive towards sustainability. The study involved 144 microfinance institutions from 27 countries in the Sub-Saharan Africa forming an unbalanced panel from 2005 to 2013 drawn from the Microfinance Information Exchange (MIX) database. The study used the robust fixed effect technique and corrected for p...
ABSTRACT This study examines the determinants of universal banks’ loan portfolio size in Ghana using the system generalize method of moments (GMM) estimator. The study made use of data gathered from Universal banks from 2000 to 2011. It was discovered from the analysis of the study that the determinants of banks portfolio size of universal banks in Ghana are previous periods’ loan size, total investments of the banks, total deposits, credit risk, money supply and the foreign or local owne...
ABSTRACT The study sought to examine the impact of macroeconomic indicators on the capital structure decisions of firms and also the causal relationship between capital structure and profitability within the Ghanaian context. A panel data covering a period from 2000 to 2012 for 27 nonfinancial firms listed on the Ghana Stock Exchange were analysed using the Panel Vector Autoregression (PVAR) approach to mitigate endogeneity problems and more importantly to examine the causal relationship bet...
ABSTRACT This thesis is made up of three stand-alone empirical chapters that examine the relationship among financial inclusion, monetary policy, financial sector development and financial regulation in Sub-Saharan Africa. Chapter two presents an overview of financial inclusion, monetary policy, financial sector development and financial regulation in Sub-Sahara Africa. The overview show that Sub-Saharan Africa stock markets are comparatively young undercapitalized and they are not liquid. Ne...
ABSTRACT Studies on individual investments have not received much attention in Ghana. It is in the back drop of this the study was conducted to assess the investment behavior of informal sector workers in Ghana. The study was conducted through a survey of 200 informal sector workers. The study finds out that the informal sector workers prefer to invest in Thrift/Cooperative unions, mutual funds, treasury bills, fixed deposits, stocks and the last one being government bonds. The informal secto...
ABSTRACT There have been various forms of foreign aid to developing countries of which Ghana is a beneficiary. Many theories have been attributed to the inception of foreign aid to less developed countries. In some researches, Foreign aid have been attributed to having a great impact on poverty reduction however, there are other studies which have come out with findings that show that foreign aid does not have an impact on poverty reduction. This research therefore seeks to examine the trends...
ABSTRACT There have been various forms of foreign aid to developing countries of which Ghana is a beneficiary. Many theories have been attributed to the inception of foreign aid to less developed countries. In some researches, Foreign aid have been attributed to having a great impact on poverty reduction however, there are other studies which have come out with findings that show that foreign aid does not have an impact on poverty reduction. This research therefore seeks to examine the trends...
ABSTRACT The sustainability of the Student Loan Scheme in Ghana has been the downside of its operations since it was first introduced in 1971. The one major determinant of a successfully scheme is its ability to recover loans disbursed. In recent times, numerous government initiatives have resulted in the decline of government support to the scheme managers of the Students Loan Trust Fund (SLTF). This has called for appropriate strategizing of recovery activities by the scheme Managers in ord...
ABSTRACT This study takes the finance-growth nexus further by looking at the direct and indirect impact of foreign banks on economic growth in Ghana. Using annual time series data from 1960 to 2013, the study examined the relationship between the share of foreign banks, bank competition and economic growth. The relationship between the share of foreign banks, bank competition and economic growth was established through the framework of endogenous growth model. In addition, the study employed...
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 This study set out to examine the impact of financial inclusion in poverty reduction in SubSaharan Africa. Using a representative sample of 40 countries from the region covering a period from 2010 to 2014, the study examines the level of financial inclusion among the countries in the region. Sarma’s (2008) approach was used in computing the index of financial inclusion for the 40 countries in the study. The study also examines the factors that determine financial inclusion in Sub...
ABSTRACT The relationship between natural resource-richness and economic growth and development has been a focus of discussion for decades but recent debate was started in the 1990s. There has not been agreement as to how natural resources are vital to economic growth. This paper re-examines two main aspects of resource curse and growth literature, the first has to do with the measurement of natural resource endowment and economic growth while the second one has to do with the institutional...