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- ItemAn analysis of stock market performance and gross domestic product growth in Ghana.(KNUST, 2019-04) Agyei, WilfredThere is a general assertion that a vibrant and representative stock market will reflect the economicgrowth of a country. This importance attached to the performance of stock markets has triggered curiosity and interest among investors, business owners, governments and policy makers regarding capital markets. This has generated a debate as to whether or not an exact relationship exists between the performance of stock markets and GDP growth. Therefore, an important question that must be answered is, does stock markets really contribute to growth in the GDP? A few researches have been conducted about the contributions of stock markets to the growth in the GDP but has produced varying results. This study employed the ARDL estimation techniques using the GSE Composite Index and the GDP to examine the relationship between the two variables. Results from the ARDL estimation techniques showed that, the stock market Composite Index used as a proxy for stock market performance has a positive relationship with GDP growth statistically only in the long run. Again, inflation has a positive relationship with GDP growth positively in the long run but negatively in the short run. Finally, labour impacts GDP growth positively in the long run but negatively in the short run. The study recommends that, regulators of the securities industry should meticulously ensure that, funds raised by companies on the market are managed and utilized efficiently, and also channelled to appropriate and productive ventures in order to contribute to Ghana’s GDP growth. Secondly, policies that are geared towards improving human capital should be advanced to tap the positive impacts of labour on GDP growth. Finally, since there is a positive relationship between inflation and GDP growth, policy measures should be put in place such that, inflation rate will not exceed its desired level and hamper growth.
- ItemImplications of biblical prophecy for contemporary Neoprophetic Ministry in Ghana(KNUST, 2017-10) Asamoah Nyamekye, GeorgeNeo-prophetic ministries have gained currency in the Ghanaian society. This thesis examines the activities of present-day Ghanaian prophetic ministries in the light of biblical prophecy. The researcher visited many churches of different denominations in the Kumasi metropolis to familiarize himself with their activities. It was found out that the akwankyerε i.e directions given by the prophets differed from church to church. The use of anointing oil is widespread among the prophetic ministries. Some people believe that after the anointing oil has been blessed by a prophet it assumes a supernatural power and in consequence its application induces miracles. Some abuses have been observed in the operation of some of the prophets. Consequently, it has been recommended that the activities of neo-prophetic ministries should be regulated. Various church organizations with umbrella bodies like the C.C.G., the G.P.C.C., the Ghana Catholic Bishop Conference etc. can combine forces and come out with modalities to regulate the exercise of prophecy in the country.
- ItemAssessing corporate governance practices in selected microfinance institutions in Ghana(September, 2015) Yankah, Nana Kojo EnyanMicrofinance institutions (MFIs) are playing an increasing role in the delivery of financial services to SMEs in Ghana. They have proven to be a powerful tool for promoting inclusive economic growth and employment generation. However, events such as huge financial scams by Onward Investment Limited in 2012, the PYRAM case and the seemingly bankruptcy of Noble Dreams Financial Services have raised many questions about trust, credibility and governance issues in the financial sector. This study therefore sought to assess governance practices in some selected Microfinance institutions in the Ashanti Region. The research was descriptive in nature. It combined both quantitative and qualitative approaches in the data analysis. The population comprises 170 “Tier 2” Microfinance Institutions operating in the Ashanti region out of which a sample of 4 institutions with a total of 116 respondents were chosen using convenience sampling technique. The main data sources included both primary and secondary. At the end, the study found some conflict of interest situations resulting from the fact that majority of CEO’s in the selected MFIs doubled as chairs of their board. Again the study found that many Microfinance institutions in the Ashanti Region did not have structured policies for reviewing CEOs compensations and performance. Reducing owner concentration was also identified as the most important variable in improving governance practices within MFIs. To address the challenges enumerated, the researcher recommends that MFIs review the role and contribution of non-executive directors to ensure that all directors have a sound understanding of the company’s operations. It is also important to ensure that directors have access to all the information required to function effectively. Auditing of financial statements must be tightened to meet the agreed International Accounting Standards.
- ItemThe impact of human resource management practices on Teachers’ turnover in private basic Schools: A case study of some selected Schools in Obuasi Municipality(2014-07-24) Akaadom Kwasi, EricThe purpose of the study was to ascertain the impact of human resource management practices on teachers’ turnover intention in basic private schools in Obuasi Municipal Assembly. Specifically, the study sought to assess the impact of human resource management practices on teachers’ turnover intention, and to evaluate the human resource practices, which correlates high with teachers’ turnover, and draw comprehensive measures that can be adopted to improve HRM practices and reduce employee turnover intention. The study was a descriptive cross-sectional case study and exploratory design using quantitative method. A multi-stage sampling method was used to select 200 teachers, head teachers and proprietors to participate in this study. The data were gathered by administering structured questionnaires. The data was analysed using Statistical Package for Social Sciences (SPSS) version 18. The results indicated that performance appraisal and training and development were the most commonly used human resource management practices (mean of 3.16 and 3.00 respectively). Results of regression analysis indicate that much of the variation in the dependent variable is explained with adjusted R-square of 0.152 and Fvalue of 6.770 (p = 0.000) indicating that human resource management practices has an effect on teachers’ turnover. The results of the stepwise multiple regression analysis indicated that employer-employee relationship and performance appraisal were the two human resource management practices that had greater influence on teachers’ turnover. They explained about 15% of the variation in teachers’ turnover.
- ItemThe effect of organisational structure on project performance: the case of Aga Ltd.(2011) Aniagyei, WinfredGold production for Anglogold Ashanti Ltd- Obuasi Mine (AGA Ltd) has declined significantly in recent times. One of the strategies adopted to make the mine sustainable is by implementing capital projects in order to meet the medium and long term goals. However studies have shown that an appropriate organisational structure is contingent upon the type of work performed and the environment in which the organisation conducts its’ Business. Hence the major objective of the study is to examine the relationship between the organisational structure and the performance of projects in AGA Ltd-Obuasi. The research adopts an inductive case study approach with both qualitative and quantitative research method for collecting and analysing the data. Sample of the various categories of workers was taken from the Company’s total population using convenience and purposive sampling techniques. Interviews and questionnaires were employed as the main tool of data collection for the study. A Crosstab analysis was adopted for the analyses of the relationship. The study found out that the organisational structure in place of AGA Ltd-Obuasi is mechanistic which relates to projects in a very weak matrix structure due to the nature of its operations, the strategy adopted, the size of the company and the need to respond rapidly to the dynamic complexity of the external environment. However this structure is the source of major problems in implementation of projects as the study revealed and concluded that some of the organisational structure related factors significantly impact inversely to the categories of the key performance index namely time, cost and quality. Based on this, a ‘projectised’ structure i.e a project structure was recommended to be adopted among other recommendation made by the study.