...Bernard Njindan Iyke; Sin-Yu Ho Purpose This paper aims to examine the effects of exchange rate volatility on consumption by focusing on a small open sub-Saharan Africa (SSA) country, Ghana, which has experienced exchange rate volatility frequently. Design/methodology/approach The authors used...

... insurance industry of Ghana. The study also examines the relationship among the three measures of insurers' profitability, which are investment income, underwriting profit and the overall (total) net profit. Design/methodology/approach The annual financial statements of ten life insurance companies...

...Kwadjo Ansah‐Adu; Charles Andoh; Joshua Abor Purpose The purpose of this paper is to evaluate the efficiency of insurance companies in Ghana using a two‐stage procedure to ascertain whether insurance companies are cost efficient and also to examine the efficiency determinants of insurance...

...Oscar Joseph Akotey; Kofi A. Osei; Albert Gemegah Purpose The purpose of this paper is to identify the factors which influence the demand for micro‐insurance services among the informal sector workers of Ghana who are quite vulnerable to various risks in the economy. Design/methodology/approach...

...Gordon Newlove Asamoah; Anthony Quartey‐Papafio Purpose The purpose of this paper is to estimate the Beta Risk Coefficient of 32 listed companies (shares), which are included in the Ghana Stock Exchange (GSE All Share Index). Design/methodology/approach This research investigated some...

...Godfred A. Bokpin; Anthony Q.Q. Aboagye; Kofi A. Osei Purpose The purpose of this paper is to examine the extent to which corporate managers alter their capital structure in response to risk exposures on the Ghana Stock Exchange (GSE). Design/methodology/approach A panel data covering...

...Zangina Isshaq; Godfred A. Bokpin; Joseph Mensah Onumah Purpose The purpose of this paper is to examine the interaction between corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange. Design/methodology/approach A multiple regression approach using...

...Charles K.D. Adjasi Purpose The purpose of this paper is to analyse the impact of macroeconomic uncertainty on stock‐price volatility in Ghana. Design/methodology/approach The method of analysis is in two stages. The first stage estimates univariate volatility models for each macroeconomic...

...Anthony Kyereboah‐Coleman; Kwame F. Agyire‐Tettey Purpose The study aims at examining how macroeconomic indicators affect the performance of stock markets by using the Ghana Stock Exchange as a case study. Design/methodology/approach Quarterly time series data covering the period 1991‐2005...

... and developing country such as Ghana. Design/methodology/approach Time series data covering the period 1970‐2002 were used. ARCH and GARCH models were employed for the determination of real exchange rate volatility, and co‐integration and ECM were used to determine both the short‐ and the long‐term...

...Michael R. Powers; Zubeiru Salifu; Kofi A. Osei; Charles K.D. Adjasi Purpose The purpose of this research is to examine the foreign exchange exposure of listed companies on the Ghana Stock Exchange over the period January 1999 to December 2004. The research uses different exchange rate measures...

...Michael R. Powers; Joshua Abor Purpose The purpose of this research is to examine the effect of debt policy (capital structure) on the financial performance of small and medium‐sized enterprises (SMEs) in Ghana and South Africa. Previous studies, especially on large firms, have shown that capital...

.... These developments have several implications for their capital structure, operations and performance essentially because the presence of debt exerts pressure on management to ensure efficiency and profitability and to be able to honour such debt obligations. Microfinance is not a recent phenomenon in Ghana...

...Mohammed Amidu; Joshua Abor Purpose This study seeks to examine the determinants of dividend payout ratios of listed companies in Ghana. Design/methodology/approach The analyses are performed using data derived from the financial statements of firms listed on the Ghana Stock Exchange during...

...Joshua Abor Purpose This paper seeks to investigate the relationship between capital structure and profitability of listed firms on the Ghana Stock Exchange (GSE) during a five‐year period. Design/methodology/approach Regression analysis is used in the estimation of functions relating...

... from business transactions. The payoff from multilateral netting systems can be large relative to their expense (Bogusz, 1993 ; Shapiro, 2002). © Emerald Group Publishing Limited 2005 Foreign exchange Risk management Hedging International trade Ghana Every business activity...