Journal for Studies in Management and Planning, 2016
This study analyzed the relationship between credit risk and profitability of banks on the Ghana ... more This study analyzed the relationship between credit risk and profitability of banks on the Ghana Stock Exchange. A secondary data in a panel form of seven banks listed on the Ghana Stock Exchange was examined over a period of nine years, using a linear multiple regression model. One key measure of profitability was analyzed in this study that is return on equity.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socio-economic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers’ perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indica...
This study investigated the determinants of estimating outstanding claim provision of nonlife ins... more This study investigated the determinants of estimating outstanding claim provision of nonlife insurance firms in Ghana. The study is based on panel data of non-life insurer’s outstanding claim provision, underwriting premium, reinsurance premium, paid claims and size of firm as well as macroeconomic variables such as inflation, investment rate and real GDP growth rate for 22 non-life insurance firms covering the period 2007-2012. The study fitted a fixed effect regression model which helped overcome simultaneity bias and gave consistent estimates. The results show that claims paid, reinsurance issued premiums and the lag of outstanding claim provision is negatively related to reported outstanding claim provision. Size and the real GDP growth rate were also found to be positively related with reported outstanding claim provision in the Ghanaian non-life insurance industry. The study based on the findings recommends that regression modelling may be applied in estimating outstanding cl...
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings ind...
International Journal of Energy Economics and Policy, 2014
The purpose of this study is to identify and quantify the effect of endogenous and exogenous econ... more The purpose of this study is to identify and quantify the effect of endogenous and exogenous economic factors on electricity demand in Ghana. The Structural Time Series Model is employed due to its ability to capture exogenous non-economic variables. The findings reveal that education has significant effect on electricity consumption in both the short and the long run. Education has inverse relationship with electricity consumption implying that the more consumers are educated, the less electricity they consume. The study also reveals that price changes have less impact on electricity consumption in the short run and that efficiency in electricity consumption has improved since 1971 and will continue for the next twenty years. The study recommends that more public education should be carried out to enhance energy conservation and also, realistic prices should be charge for electricity consumption to allow private investment into the sector.
This paper seeks to find out the effect of real interest rate on savings in using time series dat... more This paper seeks to find out the effect of real interest rate on savings in using time series data from 1970-2013. In line with the objectives and using modern econometric techniques, the study estimates a generic savings model. The study also estimated a dynamic error-correction model following the Engle and Granger method to take care of the nonstationarity of the variables. The results of the study suggest that real interest rate exhibit both short-run and long-run significant positive effect on savings, making it a very important variable for savings mobilization in Ghana. The study recommends that financial policy makers in the country must work hard towards realistic interest rate specifically positive rate in real terms. The central bank authorities must also work hard to reduce inflation to probably single digit on consistent basis since real interest rate levels are affected by inflation.
International Journal of Energy Economics and Policy, Feb 20, 2014
The purpose of this study is to identify and quantify the effect of endogenous and exogenous econ... more The purpose of this study is to identify and quantify the effect of endogenous and exogenous economic factors on electricity demand in Ghana. The Structural Time Series Model is employed due to its ability to capture exogenous non-economic variables. The findings reveal that education has significant effect on electricity consumption in both the short and the long run. Education has inverse relationship with electricity consumption implying that the more consumers are educated, the less electricity they consume. The study also reveals that price changes have less impact on electricity consumption in the short run and that efficiency in electricity consumption has improved since 1971 and will continue for the next twenty years. The study recommends that more public education should be carried out to enhance energy conservation and also, realistic prices should be charge for electricity consumption to allow private investment into the sector.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indicate that majority of the respondents perceive the adverse impact of existing tax policies on the growth of SMEs and suggest for reforming the tax policies in the Country. The findings would help the stakeholders in designing measures to align the tax system to SMEs in a more effective manner.
This study investigated the determinants of estimating outstanding claim provision of non-life in... more This study investigated the determinants of estimating outstanding claim provision of non-life insurance firms in Ghana. The study is based on panel data of non-life insurer's outstanding claim provision, underwriting premium, reinsurance premium, paid claims and size of firm as well as macroeconomic variables such as inflation, investment rate and real GDP growth rate for 22 non-life insurance firms covering the period 2007-2012. The study fitted a fixed effect regression model which helped overcome simultaneity bias and gave consistent estimates. The results show that claims paid, reinsurance issued premiums and the lag of outstanding claim provision is negatively related to reported outstanding claim provision. Size and the real GDP growth rate were also found to be positively related with reported outstanding claim provision in the Ghanaian non-life insurance industry. The study based on the findings recommends that regression modelling may be applied in estimating outstanding claim provision in Ghana. The lag values of the outstanding claim provision should be factored in future estimations of outstanding claim liabilities and monitoring efforts by regulatory bodies should factor in avenues of checking on the insurer's data recording. This is because information on previous year's outstanding claim provision is observed to have an impact on the current outstanding claim provision.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indicate that majority of the respondents perceive the adverse impact of existing tax policies on the growth of SMEs and suggest for reforming the tax policies in the Country. The findings would help the stakeholders in designing measures to align the tax system to SMEs in a more effective manner.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indicate that majority of the respondents perceive the adverse impact of existing tax policies on the growth of SMEs and suggest for reforming the tax policies in the Country. The findings would help the stakeholders in designing measures to align the tax system to SMEs in a more effective manner.
This paper investigates the relationship between board structure characteristics and financial pe... more This paper investigates the relationship between board structure characteristics and financial performance of Listed Food and Beverage Firms (LFBFs) in Ghana. The study relied on published financial reports of LFBFs for the period of 2001 to 2013. To achieve the objective of the study, we estimated a linear regression model based on panel data which was performed on the dependent variable, return on assets (ROA). Through statistical calculations, we found evidence that board size and Chief Executive Officer duality have significant negative relationships with return on assets, with board composition having insignificant negative relationship with return on assets. However, a significant positive relationship was established between board ownership and return on assets. The study recommends that LFBFs in Ghana should consider having the right mix of experience and skills on the board, but not necessarily considering only a small or large board size. Also, shareholders should encourage board members to own shares in their firms and the few firms practicing CEO duality should work hard to reverse the practice completely.
Journal for Studies in Management and Planning, 2016
This study analyzed the relationship between credit risk and profitability of banks on the Ghana ... more This study analyzed the relationship between credit risk and profitability of banks on the Ghana Stock Exchange. A secondary data in a panel form of seven banks listed on the Ghana Stock Exchange was examined over a period of nine years, using a linear multiple regression model. One key measure of profitability was analyzed in this study that is return on equity.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socio-economic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers’ perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indica...
This study investigated the determinants of estimating outstanding claim provision of nonlife ins... more This study investigated the determinants of estimating outstanding claim provision of nonlife insurance firms in Ghana. The study is based on panel data of non-life insurer’s outstanding claim provision, underwriting premium, reinsurance premium, paid claims and size of firm as well as macroeconomic variables such as inflation, investment rate and real GDP growth rate for 22 non-life insurance firms covering the period 2007-2012. The study fitted a fixed effect regression model which helped overcome simultaneity bias and gave consistent estimates. The results show that claims paid, reinsurance issued premiums and the lag of outstanding claim provision is negatively related to reported outstanding claim provision. Size and the real GDP growth rate were also found to be positively related with reported outstanding claim provision in the Ghanaian non-life insurance industry. The study based on the findings recommends that regression modelling may be applied in estimating outstanding cl...
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings ind...
International Journal of Energy Economics and Policy, 2014
The purpose of this study is to identify and quantify the effect of endogenous and exogenous econ... more The purpose of this study is to identify and quantify the effect of endogenous and exogenous economic factors on electricity demand in Ghana. The Structural Time Series Model is employed due to its ability to capture exogenous non-economic variables. The findings reveal that education has significant effect on electricity consumption in both the short and the long run. Education has inverse relationship with electricity consumption implying that the more consumers are educated, the less electricity they consume. The study also reveals that price changes have less impact on electricity consumption in the short run and that efficiency in electricity consumption has improved since 1971 and will continue for the next twenty years. The study recommends that more public education should be carried out to enhance energy conservation and also, realistic prices should be charge for electricity consumption to allow private investment into the sector.
This paper seeks to find out the effect of real interest rate on savings in using time series dat... more This paper seeks to find out the effect of real interest rate on savings in using time series data from 1970-2013. In line with the objectives and using modern econometric techniques, the study estimates a generic savings model. The study also estimated a dynamic error-correction model following the Engle and Granger method to take care of the nonstationarity of the variables. The results of the study suggest that real interest rate exhibit both short-run and long-run significant positive effect on savings, making it a very important variable for savings mobilization in Ghana. The study recommends that financial policy makers in the country must work hard towards realistic interest rate specifically positive rate in real terms. The central bank authorities must also work hard to reduce inflation to probably single digit on consistent basis since real interest rate levels are affected by inflation.
International Journal of Energy Economics and Policy, Feb 20, 2014
The purpose of this study is to identify and quantify the effect of endogenous and exogenous econ... more The purpose of this study is to identify and quantify the effect of endogenous and exogenous economic factors on electricity demand in Ghana. The Structural Time Series Model is employed due to its ability to capture exogenous non-economic variables. The findings reveal that education has significant effect on electricity consumption in both the short and the long run. Education has inverse relationship with electricity consumption implying that the more consumers are educated, the less electricity they consume. The study also reveals that price changes have less impact on electricity consumption in the short run and that efficiency in electricity consumption has improved since 1971 and will continue for the next twenty years. The study recommends that more public education should be carried out to enhance energy conservation and also, realistic prices should be charge for electricity consumption to allow private investment into the sector.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indicate that majority of the respondents perceive the adverse impact of existing tax policies on the growth of SMEs and suggest for reforming the tax policies in the Country. The findings would help the stakeholders in designing measures to align the tax system to SMEs in a more effective manner.
This study investigated the determinants of estimating outstanding claim provision of non-life in... more This study investigated the determinants of estimating outstanding claim provision of non-life insurance firms in Ghana. The study is based on panel data of non-life insurer's outstanding claim provision, underwriting premium, reinsurance premium, paid claims and size of firm as well as macroeconomic variables such as inflation, investment rate and real GDP growth rate for 22 non-life insurance firms covering the period 2007-2012. The study fitted a fixed effect regression model which helped overcome simultaneity bias and gave consistent estimates. The results show that claims paid, reinsurance issued premiums and the lag of outstanding claim provision is negatively related to reported outstanding claim provision. Size and the real GDP growth rate were also found to be positively related with reported outstanding claim provision in the Ghanaian non-life insurance industry. The study based on the findings recommends that regression modelling may be applied in estimating outstanding claim provision in Ghana. The lag values of the outstanding claim provision should be factored in future estimations of outstanding claim liabilities and monitoring efforts by regulatory bodies should factor in avenues of checking on the insurer's data recording. This is because information on previous year's outstanding claim provision is observed to have an impact on the current outstanding claim provision.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indicate that majority of the respondents perceive the adverse impact of existing tax policies on the growth of SMEs and suggest for reforming the tax policies in the Country. The findings would help the stakeholders in designing measures to align the tax system to SMEs in a more effective manner.
Taxation plays important role in the development of every economy as well as the growth of Small ... more Taxation plays important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). In a middle-income country like Ghana, the role of SMEs is critical in pushing the socioeconomic development agenda of the country further. Therefore, alignment of the tax system to the specific SME growth needs can be considered an important agenda for the policy makers. Keeping this issue at focus, the study aimed to explore the managers/ executive officers' perception of the tax system in Ghana on the profitability of their businesses. The study is based on a survey of 102 managers/ Executive officers of the selected SMEs in the Ga West Municipality in the Greater Accra region of Ghana. The survey was administered using questionnaire and interview with the selected respondents. Data was analyzed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentage analysis. Findings indicate that majority of the respondents perceive the adverse impact of existing tax policies on the growth of SMEs and suggest for reforming the tax policies in the Country. The findings would help the stakeholders in designing measures to align the tax system to SMEs in a more effective manner.
This paper investigates the relationship between board structure characteristics and financial pe... more This paper investigates the relationship between board structure characteristics and financial performance of Listed Food and Beverage Firms (LFBFs) in Ghana. The study relied on published financial reports of LFBFs for the period of 2001 to 2013. To achieve the objective of the study, we estimated a linear regression model based on panel data which was performed on the dependent variable, return on assets (ROA). Through statistical calculations, we found evidence that board size and Chief Executive Officer duality have significant negative relationships with return on assets, with board composition having insignificant negative relationship with return on assets. However, a significant positive relationship was established between board ownership and return on assets. The study recommends that LFBFs in Ghana should consider having the right mix of experience and skills on the board, but not necessarily considering only a small or large board size. Also, shareholders should encourage board members to own shares in their firms and the few firms practicing CEO duality should work hard to reverse the practice completely.
Uploads
Papers by Opoku Takyi