Category: ‘Ghana’

Enterprise Formation by Pooling: The Case of Ghana

December 28, 2013 Posted by admin

Charles Andoh and Daniel Quaye
Department of Finance, University of Ghana Business School, Legon, Accra, Ghana
Department of Marketing and Customer Management, University of Ghana Business School, Accra, Ghana.

Abstract
The study examines the formation of an enterprise through the pooling of the resources of a group of individuals over a period of time, as opposed to the conventional approach of seeking institutional loans. Mathematical models and/or mathematical expressions/formulas are developed for the managements of the pooled funds under a general case and under some special cases. The developments of most of the mathematical expressions/formulas are based on the developments and proofs of some propositions. Mathematical analysis for determining the sustainability or viability of the enterprise or pooling arrangement is presented. Many of the models are illustrated using audited data from the largest shopping mall in Ghana. Some illustrations are also done using some hypothetical data. The illustrations done with the real world and the hypothetical data show that enterprise formation by pooling is a good and viable source of funding for the establishments of small-and medium-scale enterprises.

Keywords: acquisition period, Andoh’s inequality, crowd funding, honesty test inequality, strain, shadow amount.

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Real Exchange Rate and Economic Growth: Determining the Direction of Impact in Ghana

December 7, 2012 Posted by admin

Abel Fumey
University of Ghana, Department of Economics, Accra – Ghana.

Abstract
The study examines the relationship between the real exchange rate and economic growth in Ghana with emphasis on the channel through which the impact is transmitted by using an annualized data from 1980 to 2010. The long run and short run dynamics of the variables of interest are captured by estimating an error correction model using Johansen cointegration approach. Empirical results obtained suggess that there is a significant long run relationship between real exchange rate and economic growth and that real exchange rate impacts positively on gross domestic product. (more…)

Public Private Partnership as an Alternative Source of Financing Highway in Ghana

December 7, 2012 Posted by admin

Charles Andoha*, Ebenezer Agyakwa Millsb and Daniel Quayec
aDepartment of Finance and cDepartment of Marketing and Customer Management
University of Ghana Business School, Legon, Accra, Ghana
b
Ghana Highway Authority, P.O. Box GC 1641, Kimbu Road, Accra, Ghana
, University of Ghana Business School, Accra, Ghana.

Abstract
This paper assesses the profitability of a private entity going into partnership with the Ghanaian government for the construction and management of highways. The paper derives the conditions under which public private partnership highway financing can be viable in Ghana. (more…)

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