Purpose: The purpose of this paper is to investigate whether asset allocation across various industries listed on the Ghana Stock Exchange (GSE) varies across different monetary policy states. Design/methodology/approach: This paper adopts the Markov Chain technique to split monetary policy...

Purpose: The purpose of this paper is to examine the effect of funding structure on technical efficiency of banks in Ghana, between 2011 and 2016. Design/methodology/approach: Employing the random-effect and the truncated panel data of 25 banks, the results present new evidence. Findings: The...

Purpose: The purpose of this paper is to re-examine the weak form efficiency of five African stock markets (South Africa, Nigeria, Egypt, Ghana and Mauritius) using various tests to assess the impact of non-linearity effect and thin trading which are prevalent in African markets on market...

Purpose: This paper aims to test whether a debt threshold of public debt has any effect on economic growth in Africa. Design/methodology/approach: The authors applied the panel autoregressive distributed models on 38 African countries with annual data from 1970 to 2015. It was established that...

Purpose: In this paper, we use empirical models to examine the main channel through which FDI escalates environmental risk. We explore whether countries with “weak” or better still low tax rate attract “dirty” FDI to deteriorate their environment Design/methodology/approach: The...

Purpose: Does the issuance of Eurobonds carry enough information about favourable domestic conditions to warrant more FDI inflows? In this study, the authors investigate how FDI is responding to the rising levels of Eurobonds in sub-Saharan African (SSA). Design/methodology/approach: The study...

Preface -- Acknowledgements -- Part I: The Monetary System and the Business of Banking -- Overview of the Monetary System -- Introduction to the Business of Banking -- Introduction to the Business of Banking -- Introduction to the Business of Banking -- Part II: Asset-Liability Management --...