Ghana, like many African countries, is plagued with unemployment, poverty and annual trade deficits. Unemployment and poverty have led to a socio-economic breakdown. They are believed to be among the causes that led to the 1994 Rwanda genocide. Despite the abundance of an unemployed labor force,...

International research indicates that portfolios formed on various stock characteristics produce different returns. These stock characteristics under which portfolios are formed include; past stock returns, size, earnings yield, leverage, and book to market ratios. The differences in returns...