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- Adu, George, et al.
(author)
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Determinants of inflation in Ghana: an empirial investigation
- 2011
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In: South African Journal of Economics. - : Wiley. - 0038-2280. ; 79, s. 251-269
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Journal article (peer-reviewed)abstract
- This paper provides an empirical analysis of the factors accounting for inflation dynamics in Ghana using the bounds test and other econometric approaches.We find that real output, nominal exchange rate, broad money supply, nominal interest rate and fiscal deficit play a dominant role in the inflationary process in Ghana. To the extent that output growth by far has the strongest impact on inflation, targeting supply-side constraints will help moderate price inflation. The paper concludes that inflation in Ghana is explained by a combination of structural and monetary factors consistent with prior studies
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| 4. |
- Amuakwa-Mensah, Franklin, et al.
(author)
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Re-examining the Determinants of Non-Performing Loans in Ghana’s Banking Industry: Role of the 2007–2009 Financial Crisis
- 2017
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In: Journal of African Business. - : Routledge. - 1522-8916 .- 1522-9076. ; 18:3, s. 357-379
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Journal article (peer-reviewed)abstract
- This paper uses robust econometric methods to estimate the determinants of non-performing loans (NPLs) with a specific focus on the role of the 2007–2009 financial crisis in explaining NPLs in the banking industry of Ghana. Findings suggest that non-performing loans are significantly affected by bank-specific, industry, and macroeconomic variables. We observed heterogeneity in the determinants of NPLs for sub-samples of the data. The effect of the financial crisis on NPLs is observed to be conditional on the level of credit risk in our sub-sample analysis. The results from the impulse response corroborate that of the regression estimation.
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| 5. |
- Karimu, Amin, et al.
(author)
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Natural resource revenues and public investment in resource-rich economies in sub-Saharan Africa
- 2016
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Reports (peer-reviewed)abstract
- The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channelled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich countries. This might not be a correct policy prescription for resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In such countries, rents from resources serve as opportunity to scale-up the needed public capital. Using panel data for the period 1990–2013, we find in line with the scaling-up hypothesis that resource rents significantly increase public investment in SSA and that this tends to depend on the quality of political institutions. We also find evidence of a positive effect of public investment on economic growth, which also depends on the level of resource rents. Using some of the components of public investment, such as health and education expenditure, we find a negative effect of resource rents, suggesting among other things that public spending of resource rents is directed more to other infrastructure investments.
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| 6. |
- Karimu, Amin, et al.
(author)
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Natural Resource Revenues and Public Investment in Resource-rich Economies in Sub-Saharan Africa
- 2017
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In: Review of Development Economics. - : John Wiley & Sons. - 1363-6669 .- 1467-9361. ; 21:4, s. 107-130
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Journal article (peer-reviewed)abstract
- The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channeled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich countries. This might not be a correct policy prescription for resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In such countries, rents from resources serve as an opportunity to scale-up the needed public capital. Using a panel data for the period 1990–2013, we find in line with the scaling-up hypothesis that resource rents significantly increases public investment in SSA and that this tends to depend on the quality of political institutions. Moreover, we also find evidence of a positive effect of public investment on economic growth, which also depends on the level of resource rents.
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| 7. |
- Amuakwa-Mensah, Franklin, et al.
(author)
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Climate variability and infectious diseases nexus: Evidence from Sweden
- 2017
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In: Infectious Disease Modelling. - : KeAi Publishing. - 2468-0427. ; 2:2, s. 203-217
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Journal article (peer-reviewed)abstract
- Many studies on the link between climate variability and infectious diseases are based on biophysical experiments, do not account for socio-economic factors and with little focus on developed countries. This study examines the effect of climate variability and socio-economic variables on infectious diseases using data from all 21 Swedish counties. Employing static and dynamic modelling frameworks, we observe that temperature has a linear negative effect on the number of patients. The relationship between winter temperature and the number of patients is non-linear and “U” shaped in the static model. Conversely, a positive effect of precipitation on the number of patients is found, with modest heterogeneity in the effect of climate variables on the number of patients across disease classifications observed. The effect of education and number of health personnel explain the number of patients in a similar direction (negative), while population density and immigration drive up reported cases. Income explains this phenomenon non-linearly. In the dynamic setting, we found significant persistence in the number of infectious and parasitic-diseased patients, with temperature and income observed as the only significant drivers.
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| 8. |
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| 9. |
- Amuakwa Mensah, Franklin, et al.
(author)
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Credit Risk and Universal Banking: Evidence from the Banking Industry in Ghana
- 2015
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In: International Journal of Computational Economics and Econometrics. - 1757-1170. ; 5, s. 406–429-
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Journal article (peer-reviewed)abstract
- Using a dynamic panel data and an Arellano-Bond estimation technique, we estimate the determinants of credit risk and the effect of the introduction of universal banking licence on credit risk in the banking industry of Ghana. We find that the effect of universal banking policy on credit risk in the banking industry depends on the definition of credit risk. Using total loan to total asset ratio as a proxy for credit risk, we observe a positive effect of universal banking policy on credit risk in all our models, indicating that universal banking policy has the potential of increasing credit risk. However, there is a mixed and weak effect of universal banking policy on credit risk when we define credit risk as bad debt to total loan ratio. Also, we find that both bank-specific and macroeconomic variables do explain credit risk in the banking industry of Ghana.
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| 10. |
- Amuakwa Mensah, Franklin, et al.
(author)
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The Determinants of Net Interest Margin in the Ghanaian Banking Industry
- 2015
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In: Journal of African Business. - : Informa UK Limited. - 1522-8916 .- 1522-9076. ; 16, s. 272-288
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Journal article (peer-reviewed)abstract
- This study investigates the determinants of net interest margin and the role of the financial crisis in explaining net interest margin (NIM) in the banking industry in Ghana. Further, we assess the sensitivity of our results to the measure of credit risk. We observe a sharp drop in NIM and an increase in bad debt growth during the 2007-2009 financial crisis in Ghana's banking sector. Depending on the definition of credit risk, we observe marginal differences in the magnitude and significance of the determinants of NIM. Generally, NIM is explained by bank-specific, industry and macroeconomic factors. We find risk aversion, operating cost, inflation rate and previous year's GDP growth to be robust drivers of NIM.
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