International Journal of Entrepreneurship and Business Innovation
The COVID-19 pandemic coupled with perennial natural disasters, wars, population increase and urb... more The COVID-19 pandemic coupled with perennial natural disasters, wars, population increase and urbanization have rendered many people jobless and new job seekers with little or no opportunity for employment. In line with these challenges, this paper sought to review extant literature on the successes of entrepreneurship as an approach to solving unemployment across the globe. The study sought to specifically identify whether entrepreneurship alone is sufficient to achieve unemployment reduction or it must be used in tandem with other approaches, and the necessary conditions for entrepreneurship as an unemployment reducer. The Systematic Literature Review (SLR) approach was used to search for relevant journal articles from Scopus, Emerald Insight and Google Scholar search engines. The search criteria were limited to unemployment and entrepreneurship nexus globally, a period of 1970 to 2020 and journal articles. Using the SLR technique, a total of 32 articles were identified out of whi...
The study examined the effect of audit committee size, audit committee independence and audit qua... more The study examined the effect of audit committee size, audit committee independence and audit quality on bank risk-taking behaviour in Ghana. The study collected data on 18 out of 24 commercial banks in Ghana over a 10-year period. The study relied on panel-corrected standard errors (PCSE) to establish the relationship between the variables mentioned above. The results of the study showed that audit quality reduces bank risk-taking behaviour in Ghana. The study also found that audit committee independence reduces excessive risk-taking behaviour by banks in Ghana thereby increasing their Z-scores. The study also found that even though there was a positive coefficient between audit committee size and the Z-scores of commercial banks in Ghana, the relationship was statistically insignificant. On the control variables, the study found that bank liquidity reduces risk-taking behaviour whiles non-performing loans increases bank risk-taking behaviour. The implication of the finding is that...
Journal of Accounting in Emerging Economies, Feb 5, 2018
PurposeThe purpose of this paper is to examine the effect of corporate governance and degree of m... more PurposeThe purpose of this paper is to examine the effect of corporate governance and degree of multinational activities (DMAs) on corporate social responsibility disclosures (CSRD) within the context of a developing country.Design/methodology/approachUsing the annual report of 33 listed firms spanning from 2008 to 2013, the authors employed content analysis based on an adapted index score of CSRD developed by Hackston and Milne (1996) as applied in similar studies (e.g. Deegan et al., 2002; Hassan, 2014). Guided by the authors’ hypotheses, the authors model quantity and quality of CSRD (two separate econometric models) as functions of multinational activity and corporate governance.FindingsThe results show that the DMA has a positive association with both quality and quality of CSRD. The results also show that certain corporate governance characteristics such as board size (quality and quantity) as well as the presence of a social responsibility sub-committee of the board (quality) have a positive relationship with CSRD. However, increasing the number of non-executive directors (NEDs) may not necessarily improve the quantity or quality of disclosure.Research limitations/implicationsThe study is limited by theory and geography. Theoretically, the study is based on the legitimacy theory and feels compelled to reiterate the importance of considering alternative theoretical perspective in future research. Again the study is limited geographically as the investigation is based on Ghana only and the authors suggest that future research be extended to other countries.Practical implicationsThis study is important as it demonstrates the importance of providing quality of CSRD to stakeholders when the board of a firm has a sub-committee responsible for corporate social responsibility.Originality/valueThe results of the study extend the literature on CSRD by demonstrating a new evidence on how the degree of firm’s multinational activities together with corporate government mechanism affects both quantity and quality of CSRD in the context of unchartered developing country. The results support the theoretical view that companies engage in CSRD in attempt to legitimize their operations based on the pressure exerted on them and the mechanism put in place to respond to those pressures.
International Journal of Finance and Accounting, 2018
Several studies have used different methodologies to establish the link between FDI and economic ... more Several studies have used different methodologies to establish the link between FDI and economic growth. This study extends literature of the impact of FDI on economic growth in Ghana to include the impact of FDI on performance of Commercial banks in Ghana. The study used secondary data of FDI and macroeconomic variables from the World Bank data on countries while extracting financing data from the annual report of commercial banks over a 10 year period. The correlation as well as the regression results shows that FDI inflows have a positive and significant effect on the profitability of commercial banks in Ghana. Also, the study revealed that FDI is positively associated and statistically significant with economic growth both in the short run and in the long run. The study recommends that a comprehensive study be done on the subject matter using specific FDI inflows to the banking sector and bank performance banks to understand the exact impact of FDI on economic growth. The study ...
The concept of liquidity and profitability are two critical concepts in finance literature especi... more The concept of liquidity and profitability are two critical concepts in finance literature especially in banking sector. Finance assumes an inverse relation between liquidity and profitability even though several empirical studies indicate otherwise. The study examined the level of bank liquidity, the trend of banks liquidity and the impact of bank liquidity on profitability of commercial banks in Ghana. The study was based on a sample of 21 banks over a 10 year period from 2007 to 2016 with data arranged in the form of a panel. Data was analysed using descriptive statistics, correlation analysis and regression analysis. The results show that the average liquid assets to total assets for commercial banks is 20% whiles liquid assets cover over total interest bearing liabilities was 1.19. The results show that liquidity is positively associated with return on assets using both measures of bank liquidity. Regarding return on equity, there is a weak positive relationship between the rat...
Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance compar... more Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance comparability of financial statement, improve the quality of financial reporting and accounting information of businesses in a country. This is expected to help improve Foreign Direct Investment (FDI) in the adopting countries. This study examined the effect of IFRS adoption on FDI inflows in Africa. Unlike previous studies that sample both adopting and non-adopting countries, this study sampled only Africa countries that have adopted IFRS to determine whether the adoption has improved FDI inflows. To achieve this objective, 20 African countries that have adopted IFRS were sampled covering a period 1980 to 2015. Data was sourced from The World Bank financial and Economic Data. Control variables such as GDP growth, openness of the economy, government debt and population growth were included in the model. The correlation and regression analysis showed that IFRS adoption has a positive and signif...
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
The contribution of firms towards society in the form of corporate social responsibility has attr... more The contribution of firms towards society in the form of corporate social responsibility has attracted significant concern for many stakeholders, especially among banks in Ghana. It is perceived that; banks especially do Corporate Social Responsibility just because they are the most profitable sector in Ghana. The study sort to examine the kind of relationship that exists between bank performance and CSR in Ghana. Also, to determine how bank size and profitability and it's listing status and foreign ownership influence CSR spending in Ghana. The study sampled 24 commercial banks over seven years from 2010 to 2016. The study analyzed data using statistical tools such as descriptive statistics, correlation analysis, and panel regression analysis. The study found out that engaging in CSR activities increases banks' profitability in Ghana, especially for ROE. Â Besides, the study concluded that bigger and larger banks are more profitable than small companies, so they are more inv...
The concept of liquidity and profitability are two critical concepts in finance literature especi... more The concept of liquidity and profitability are two critical concepts in finance literature especially in banking sector. Finance assumes an inverse relation between liquidity and profitability even though several empirical studies indicate otherwise. The study examined the level of bank liquidity, the trend of banks liquidity and the impact of bank liquidity on profitability of commercial banks in Ghana. The study was based on a sample of 21 banks over a 10 year period from 2007 to 2016 with data arranged in the form of a panel. Data was analysed using descriptive statistics, correlation analysis and regression analysis. The results show that the average liquid assets to total assets for commercial banks is 20% whiles liquid assets cover over total interest bearing liabilities was 1.19. The results show that liquidity is positively associated with return on assets using both measures of bank liquidity. Regarding return on equity, there is a weak positive relationship between the rat...
International Journal of Economics and Financial Issues, 2018
There is no doubt that every country needs funding to foster economic growth and development. How... more There is no doubt that every country needs funding to foster economic growth and development. However, such funding needs to be at levels deemed sustainable and closely in line with the government's fiscal and monetary policies. To this end, there is an urgent need for policymakers in governments, central banks, and international policy organizations to understand the effects of public debt on economic growth. This study used 50 African countries from 1980 to 2015 to assess the impact of public debt on economic growth. The study employed an Ordinary Least Square (OLS) estimation technique for a static panel regression model and the Generalised Method of Moment (GMM) estimation technique for a dynamic panel regression model for the analysis. The empirical results from both estimation techniques suggest a statistically significant negative relationship between public debt and economic growth. The results also provide evidence that the relationship between public debt and economic ...
NGOs are the forefront of aid delivery and managing a large amount of aid funded projects. The im... more NGOs are the forefront of aid delivery and managing a large amount of aid funded projects. The impacts of these projects in developing countries like Ghana are very critical in alleviating poverty and improving the living condition of the vulnerable in society. The risks of financial malpractice in NGOs have been a concern to many stakeholders. The study examined the various forms of financial malpractices of NGOs, the impact of these malpractices in undermining the objectives of donor organizations and measures to reduce the risk of financial malpractice risk in NGOs. The study sampled 50 respondents form different donor and development organizations in Ghana through questionnaire and interviews. The results of the study show that those majority respondents have encountered financial practice by NGOs and as such it can be concluded that the risk of financial malpractice is real. Also, all the respondents answered in affirmative indicating that they are aware of the threat of financ...
The study examined the relationship between capital structure and profitability of NBFIs in Ghana... more The study examined the relationship between capital structure and profitability of NBFIs in Ghana. A total of 42 NBFIs were sampled and data extracted from the financial reports from 2006 to 2015. Return on assets (ROA) and return on equity (ROE) were used as the dependents variables whiles capital structure measured as total debt to capital ratio (DR) is the main independent variable with firm size (SIZE), assets composition (ACOMP), credit risk (CRISK) and age of the firm as control variables. The descriptive analysis revealed that NBFIs are highly leveraged with 70% of their capital being liabilities and customers deposit the main source of finance. The Pearson correlation as well as the regression results revealed that capital structure (DR) is positively associated with profitability of NBFIs in Ghana but statistically significant with only return on assets. On the control variables, firm size and assets composition were all positively associated with profitability of NBFIs in...
Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance compar... more Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance comparability of financial statement, improve the quality of financial reporting and accounting information of businesses in a country. This is expected to help improve Foreign Direct Investment (FDI) in the adopting countries. This study examined the effect of IFRS adoption on FDI inflows in Africa. Unlike previous studies that sample both adopting and non-adopting countries, this study sampled only Africa countries that have adopted IFRS to determine whether the adoption has improved FDI inflows. To achieve this objective, 20 African countries that have adopted IFRS were sampled covering a period 1980 to 2015. Data was sourced from The World Bank financial and Economic Data. Control variables such as GDP growth, openness of the economy, government debt and population growth were included in the model. The correlation and regression analysis showed that IFRS adoption has a positive and signif...
The study examined the factors that influence tax compliance by small and medium tax payers, the ... more The study examined the factors that influence tax compliance by small and medium tax payers, the difference in the level of compliance between small and medium tax payers and strategies to improve tax compliance in Ghana. The study through stratified sampling technique sampled 100 small and medium tax payers in Accra and other GRA officials for the study. Data was analyzed qualitatively and quantitatively. The results of the study showed that compliance cost, tax rates, tax audits and morals of taxpayers significantly influenced tax compliance. The GRA also indicated that unions and associations of businesses could help increase voluntary tax compliance of small and medium tax payers in Ghana. The study findings provide evidence that there is a significance difference in the tax compliance level between small and medium scale enterprises. The difference can be largely attributed to the inability of small enterprises to file their tax returns on due dates and also to keep proper book...
Purpose: The study examined the effect of ownership structures on audit fees of listed firms in G... more Purpose: The study examined the effect of ownership structures on audit fees of listed firms in Ghana. The study used four indicators to measure ownership structure; managerial ownership, foreign ownership, government ownership and substantial (block) ownership. Design/methodology/approach: The study sampled 21 listed non-financial firms over a 10-year period covering the period 2010 to 2019. The study also relied on secondary data extracted from the financial statement of these listed firms. Data was analyzed using descriptive statistics, correlation analysis and panel regression analysis. Findings: The result of the study showed a positive and significant association between foreign ownership and audit fees in Ghana. The study further found a positive and significant relationship between block ownership and audit fees. The results however found an insignificant association between government ownership and audit fees. Furthermore, the study reported a positive coefficient between b...
The study was to examine investigates bookkeeping and accounting practices in SMEs and the extent... more The study was to examine investigates bookkeeping and accounting practices in SMEs and the extent to which this support the operations and growth of the enterprises. In doing so, it sought to establish the kinds of bookkeeping and accounting practices SMEs kept; the extent to which bookkeeping and accounting information support the operations and growth of the SMEs and performance; the general attitude of SMEs owners towards bookkeeping and accounting practices and the challenges faced by the SMEs entrepreneurs in bookkeeping and accountingpractices. The study sampled 120 SMEs in Accra who have been operating for at least five years. Data was collected through the administration of questionnaires with the help of students from Dominion University College and analysed using descriptive statistics and Pearson correlation. The findings show that some of the SMEs owners/managers do keep subsidiarybooks of accounts. The findings showed that by accurately keeping the records they were abl...
Financial sustainability of NGOs has become a global concern in the wake of global financial cris... more Financial sustainability of NGOs has become a global concern in the wake of global financial crisis which has reduced donor funds from developed economies to developing countries. NGOs play an important role in developing countries like Ghana and as such their financial sustainability is very important not only for the NGOs but the Ghanaian economy. The study examined the factors that determine financial sustainability of NGOs in Ghana based on the following variables; sound financial management practices, income diversification, own income generation, good donor relationship and the use of ERPs and Cloud Accounting by NGOs. The study sampled 56 NGO where data was collected through the administration of questionnaires. Data was analysed using various statistical tools such as frequencies, graphs, tables, Kruskal Wallis Test and regression analysis. The results of the study showed that NGOS in Ghana are donor dependent and have little diversification of income as well as less own inc...
International Journal of Entrepreneurship and Business Innovation
The COVID-19 pandemic coupled with perennial natural disasters, wars, population increase and urb... more The COVID-19 pandemic coupled with perennial natural disasters, wars, population increase and urbanization have rendered many people jobless and new job seekers with little or no opportunity for employment. In line with these challenges, this paper sought to review extant literature on the successes of entrepreneurship as an approach to solving unemployment across the globe. The study sought to specifically identify whether entrepreneurship alone is sufficient to achieve unemployment reduction or it must be used in tandem with other approaches, and the necessary conditions for entrepreneurship as an unemployment reducer. The Systematic Literature Review (SLR) approach was used to search for relevant journal articles from Scopus, Emerald Insight and Google Scholar search engines. The search criteria were limited to unemployment and entrepreneurship nexus globally, a period of 1970 to 2020 and journal articles. Using the SLR technique, a total of 32 articles were identified out of whi...
The study examined the effect of audit committee size, audit committee independence and audit qua... more The study examined the effect of audit committee size, audit committee independence and audit quality on bank risk-taking behaviour in Ghana. The study collected data on 18 out of 24 commercial banks in Ghana over a 10-year period. The study relied on panel-corrected standard errors (PCSE) to establish the relationship between the variables mentioned above. The results of the study showed that audit quality reduces bank risk-taking behaviour in Ghana. The study also found that audit committee independence reduces excessive risk-taking behaviour by banks in Ghana thereby increasing their Z-scores. The study also found that even though there was a positive coefficient between audit committee size and the Z-scores of commercial banks in Ghana, the relationship was statistically insignificant. On the control variables, the study found that bank liquidity reduces risk-taking behaviour whiles non-performing loans increases bank risk-taking behaviour. The implication of the finding is that...
Journal of Accounting in Emerging Economies, Feb 5, 2018
PurposeThe purpose of this paper is to examine the effect of corporate governance and degree of m... more PurposeThe purpose of this paper is to examine the effect of corporate governance and degree of multinational activities (DMAs) on corporate social responsibility disclosures (CSRD) within the context of a developing country.Design/methodology/approachUsing the annual report of 33 listed firms spanning from 2008 to 2013, the authors employed content analysis based on an adapted index score of CSRD developed by Hackston and Milne (1996) as applied in similar studies (e.g. Deegan et al., 2002; Hassan, 2014). Guided by the authors’ hypotheses, the authors model quantity and quality of CSRD (two separate econometric models) as functions of multinational activity and corporate governance.FindingsThe results show that the DMA has a positive association with both quality and quality of CSRD. The results also show that certain corporate governance characteristics such as board size (quality and quantity) as well as the presence of a social responsibility sub-committee of the board (quality) have a positive relationship with CSRD. However, increasing the number of non-executive directors (NEDs) may not necessarily improve the quantity or quality of disclosure.Research limitations/implicationsThe study is limited by theory and geography. Theoretically, the study is based on the legitimacy theory and feels compelled to reiterate the importance of considering alternative theoretical perspective in future research. Again the study is limited geographically as the investigation is based on Ghana only and the authors suggest that future research be extended to other countries.Practical implicationsThis study is important as it demonstrates the importance of providing quality of CSRD to stakeholders when the board of a firm has a sub-committee responsible for corporate social responsibility.Originality/valueThe results of the study extend the literature on CSRD by demonstrating a new evidence on how the degree of firm’s multinational activities together with corporate government mechanism affects both quantity and quality of CSRD in the context of unchartered developing country. The results support the theoretical view that companies engage in CSRD in attempt to legitimize their operations based on the pressure exerted on them and the mechanism put in place to respond to those pressures.
International Journal of Finance and Accounting, 2018
Several studies have used different methodologies to establish the link between FDI and economic ... more Several studies have used different methodologies to establish the link between FDI and economic growth. This study extends literature of the impact of FDI on economic growth in Ghana to include the impact of FDI on performance of Commercial banks in Ghana. The study used secondary data of FDI and macroeconomic variables from the World Bank data on countries while extracting financing data from the annual report of commercial banks over a 10 year period. The correlation as well as the regression results shows that FDI inflows have a positive and significant effect on the profitability of commercial banks in Ghana. Also, the study revealed that FDI is positively associated and statistically significant with economic growth both in the short run and in the long run. The study recommends that a comprehensive study be done on the subject matter using specific FDI inflows to the banking sector and bank performance banks to understand the exact impact of FDI on economic growth. The study ...
The concept of liquidity and profitability are two critical concepts in finance literature especi... more The concept of liquidity and profitability are two critical concepts in finance literature especially in banking sector. Finance assumes an inverse relation between liquidity and profitability even though several empirical studies indicate otherwise. The study examined the level of bank liquidity, the trend of banks liquidity and the impact of bank liquidity on profitability of commercial banks in Ghana. The study was based on a sample of 21 banks over a 10 year period from 2007 to 2016 with data arranged in the form of a panel. Data was analysed using descriptive statistics, correlation analysis and regression analysis. The results show that the average liquid assets to total assets for commercial banks is 20% whiles liquid assets cover over total interest bearing liabilities was 1.19. The results show that liquidity is positively associated with return on assets using both measures of bank liquidity. Regarding return on equity, there is a weak positive relationship between the rat...
Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance compar... more Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance comparability of financial statement, improve the quality of financial reporting and accounting information of businesses in a country. This is expected to help improve Foreign Direct Investment (FDI) in the adopting countries. This study examined the effect of IFRS adoption on FDI inflows in Africa. Unlike previous studies that sample both adopting and non-adopting countries, this study sampled only Africa countries that have adopted IFRS to determine whether the adoption has improved FDI inflows. To achieve this objective, 20 African countries that have adopted IFRS were sampled covering a period 1980 to 2015. Data was sourced from The World Bank financial and Economic Data. Control variables such as GDP growth, openness of the economy, government debt and population growth were included in the model. The correlation and regression analysis showed that IFRS adoption has a positive and signif...
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
The contribution of firms towards society in the form of corporate social responsibility has attr... more The contribution of firms towards society in the form of corporate social responsibility has attracted significant concern for many stakeholders, especially among banks in Ghana. It is perceived that; banks especially do Corporate Social Responsibility just because they are the most profitable sector in Ghana. The study sort to examine the kind of relationship that exists between bank performance and CSR in Ghana. Also, to determine how bank size and profitability and it's listing status and foreign ownership influence CSR spending in Ghana. The study sampled 24 commercial banks over seven years from 2010 to 2016. The study analyzed data using statistical tools such as descriptive statistics, correlation analysis, and panel regression analysis. The study found out that engaging in CSR activities increases banks' profitability in Ghana, especially for ROE. Â Besides, the study concluded that bigger and larger banks are more profitable than small companies, so they are more inv...
The concept of liquidity and profitability are two critical concepts in finance literature especi... more The concept of liquidity and profitability are two critical concepts in finance literature especially in banking sector. Finance assumes an inverse relation between liquidity and profitability even though several empirical studies indicate otherwise. The study examined the level of bank liquidity, the trend of banks liquidity and the impact of bank liquidity on profitability of commercial banks in Ghana. The study was based on a sample of 21 banks over a 10 year period from 2007 to 2016 with data arranged in the form of a panel. Data was analysed using descriptive statistics, correlation analysis and regression analysis. The results show that the average liquid assets to total assets for commercial banks is 20% whiles liquid assets cover over total interest bearing liabilities was 1.19. The results show that liquidity is positively associated with return on assets using both measures of bank liquidity. Regarding return on equity, there is a weak positive relationship between the rat...
International Journal of Economics and Financial Issues, 2018
There is no doubt that every country needs funding to foster economic growth and development. How... more There is no doubt that every country needs funding to foster economic growth and development. However, such funding needs to be at levels deemed sustainable and closely in line with the government's fiscal and monetary policies. To this end, there is an urgent need for policymakers in governments, central banks, and international policy organizations to understand the effects of public debt on economic growth. This study used 50 African countries from 1980 to 2015 to assess the impact of public debt on economic growth. The study employed an Ordinary Least Square (OLS) estimation technique for a static panel regression model and the Generalised Method of Moment (GMM) estimation technique for a dynamic panel regression model for the analysis. The empirical results from both estimation techniques suggest a statistically significant negative relationship between public debt and economic growth. The results also provide evidence that the relationship between public debt and economic ...
NGOs are the forefront of aid delivery and managing a large amount of aid funded projects. The im... more NGOs are the forefront of aid delivery and managing a large amount of aid funded projects. The impacts of these projects in developing countries like Ghana are very critical in alleviating poverty and improving the living condition of the vulnerable in society. The risks of financial malpractice in NGOs have been a concern to many stakeholders. The study examined the various forms of financial malpractices of NGOs, the impact of these malpractices in undermining the objectives of donor organizations and measures to reduce the risk of financial malpractice risk in NGOs. The study sampled 50 respondents form different donor and development organizations in Ghana through questionnaire and interviews. The results of the study show that those majority respondents have encountered financial practice by NGOs and as such it can be concluded that the risk of financial malpractice is real. Also, all the respondents answered in affirmative indicating that they are aware of the threat of financ...
The study examined the relationship between capital structure and profitability of NBFIs in Ghana... more The study examined the relationship between capital structure and profitability of NBFIs in Ghana. A total of 42 NBFIs were sampled and data extracted from the financial reports from 2006 to 2015. Return on assets (ROA) and return on equity (ROE) were used as the dependents variables whiles capital structure measured as total debt to capital ratio (DR) is the main independent variable with firm size (SIZE), assets composition (ACOMP), credit risk (CRISK) and age of the firm as control variables. The descriptive analysis revealed that NBFIs are highly leveraged with 70% of their capital being liabilities and customers deposit the main source of finance. The Pearson correlation as well as the regression results revealed that capital structure (DR) is positively associated with profitability of NBFIs in Ghana but statistically significant with only return on assets. On the control variables, firm size and assets composition were all positively associated with profitability of NBFIs in...
Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance compar... more Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance comparability of financial statement, improve the quality of financial reporting and accounting information of businesses in a country. This is expected to help improve Foreign Direct Investment (FDI) in the adopting countries. This study examined the effect of IFRS adoption on FDI inflows in Africa. Unlike previous studies that sample both adopting and non-adopting countries, this study sampled only Africa countries that have adopted IFRS to determine whether the adoption has improved FDI inflows. To achieve this objective, 20 African countries that have adopted IFRS were sampled covering a period 1980 to 2015. Data was sourced from The World Bank financial and Economic Data. Control variables such as GDP growth, openness of the economy, government debt and population growth were included in the model. The correlation and regression analysis showed that IFRS adoption has a positive and signif...
The study examined the factors that influence tax compliance by small and medium tax payers, the ... more The study examined the factors that influence tax compliance by small and medium tax payers, the difference in the level of compliance between small and medium tax payers and strategies to improve tax compliance in Ghana. The study through stratified sampling technique sampled 100 small and medium tax payers in Accra and other GRA officials for the study. Data was analyzed qualitatively and quantitatively. The results of the study showed that compliance cost, tax rates, tax audits and morals of taxpayers significantly influenced tax compliance. The GRA also indicated that unions and associations of businesses could help increase voluntary tax compliance of small and medium tax payers in Ghana. The study findings provide evidence that there is a significance difference in the tax compliance level between small and medium scale enterprises. The difference can be largely attributed to the inability of small enterprises to file their tax returns on due dates and also to keep proper book...
Purpose: The study examined the effect of ownership structures on audit fees of listed firms in G... more Purpose: The study examined the effect of ownership structures on audit fees of listed firms in Ghana. The study used four indicators to measure ownership structure; managerial ownership, foreign ownership, government ownership and substantial (block) ownership. Design/methodology/approach: The study sampled 21 listed non-financial firms over a 10-year period covering the period 2010 to 2019. The study also relied on secondary data extracted from the financial statement of these listed firms. Data was analyzed using descriptive statistics, correlation analysis and panel regression analysis. Findings: The result of the study showed a positive and significant association between foreign ownership and audit fees in Ghana. The study further found a positive and significant relationship between block ownership and audit fees. The results however found an insignificant association between government ownership and audit fees. Furthermore, the study reported a positive coefficient between b...
The study was to examine investigates bookkeeping and accounting practices in SMEs and the extent... more The study was to examine investigates bookkeeping and accounting practices in SMEs and the extent to which this support the operations and growth of the enterprises. In doing so, it sought to establish the kinds of bookkeeping and accounting practices SMEs kept; the extent to which bookkeeping and accounting information support the operations and growth of the SMEs and performance; the general attitude of SMEs owners towards bookkeeping and accounting practices and the challenges faced by the SMEs entrepreneurs in bookkeeping and accountingpractices. The study sampled 120 SMEs in Accra who have been operating for at least five years. Data was collected through the administration of questionnaires with the help of students from Dominion University College and analysed using descriptive statistics and Pearson correlation. The findings show that some of the SMEs owners/managers do keep subsidiarybooks of accounts. The findings showed that by accurately keeping the records they were abl...
Financial sustainability of NGOs has become a global concern in the wake of global financial cris... more Financial sustainability of NGOs has become a global concern in the wake of global financial crisis which has reduced donor funds from developed economies to developing countries. NGOs play an important role in developing countries like Ghana and as such their financial sustainability is very important not only for the NGOs but the Ghanaian economy. The study examined the factors that determine financial sustainability of NGOs in Ghana based on the following variables; sound financial management practices, income diversification, own income generation, good donor relationship and the use of ERPs and Cloud Accounting by NGOs. The study sampled 56 NGO where data was collected through the administration of questionnaires. Data was analysed using various statistical tools such as frequencies, graphs, tables, Kruskal Wallis Test and regression analysis. The results of the study showed that NGOS in Ghana are donor dependent and have little diversification of income as well as less own inc...
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Papers by Alhassan Musah