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                <text>Exploring the Impact of Urbanization on Renewable and Fossil Fuel Use in Developing Economies</text>
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                <text>Isaiah Sikayena, Eric Abokyi, Felix Ofosu Boateng, Kwadwo Ankomah</text>
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                <text>Urbanization and industrialization are twin forces with the potential to bring about significant economic and social progress. However, if not managed properly, they can lead to environmental degradation due to the escalated consumption of fossil fuels. This study examines the impacts of urbanization and industrialization on fossil fuel consumption, as well as on the consumption of renewable energy. The Autoregressive Distributed Lag (ARDL) and Canonical Cointegrating Regression (CCR) estimation procedures were used. The study found an inverted U-shape relationship between urbanization and renewable energy consumption, while an increasing monotone relationship was found for urbanization and fossil fuel consumption. The Lind and Mehlum test provided sufficient conditions for the existence of an inverted U shape between urbanization and renewable energy consumption, and the turning point was obtained for policy purposes. Another key finding from the study revealed that in Ghana, the use of fossil fuels is a key driver of industrialization, rather than renewable energy sources. Additionally, the results of the generalized forecast error variance decomposition (GFEVD) provided interesting insights. The policy implications of these findings have been thoroughly discussed.</text>
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                <text>Activity-Based Teaching and Learning Approach and Students’ Academic Performance: Evidence from Among Stakeholders from Barekese District Ashanti Region of Ghana</text>
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                <text>Theophilus Apenuvor, Frank Yao Gbadago, Kwadwo Ankomah, Agnes Fafa Anthony</text>
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                <text>In this study, the authors explored the level of awareness and views on the activity-based approach to teaching and learning (ABTLA) in enhancing skills, competency, and academic performance among students and other stakeholders from Senior High Schools (SHS) and Colleges of Education (COE) in Barekese District of Ashanti Region of Ghana. A survey involving 510 various stakeholders was conducted within the Barekese District of Ashanti Region of Ghana, using sets of a self-administered structured questionnaire. The study revealed that the Ghanaian stakeholders of the second cycle and COEs are highly aware of ABTLA and its potency for enhancing skills, competency, and academic performance among students. Policy implications and further future research directions were provided.</text>
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                <text>Cultural Adherence, Personal Financial Behaviour and Investment Decision Making</text>
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                <text>K Ankomah</text>
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                <text>The complexities of the global financial market have made investment decisions very critical in this fast-paced global world. As a result of these complexities, investment decisions are always affected by psychological and behavioural biases. These biases tend to affect the prices and performance of financial securities being offered for sale on the market. This study aims to investigate the mediating role of personal financial behaviour on the relationship between culture and investment decision-making. A quantitative approach was used for the study, and a systematic sampling technique was used to gather cross-sectional data from 476 respondents. The data was analysed using the Structural Equation Model (SEM) technique by using SmartPLS 3 software. The analysis of the SEM proved that culture has a significant and positive impact on personal financial behaviour. It also revealed that personal financial behaviour has a positive and significant influence on investment decision-making. However, on the mediation role of personal financial behaviour on the relationship between culture and investment decision-making, only risk tolerance was found to be significant. With the exception of income, all the demographic factors which were used as moderators for the relationship between personal financial behaviour and investment decision-making were insignificant. According to the study, culture can mediate the relationship between personal financial behaviour and investment decision-making. The study recommended that government considers the individual investor’s cultural lineage when coming out with investment policies.</text>
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                <text>Capital structure and financial performance of listed non-financial firms in Ghana</text>
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                <text>Karen Awo Harley Kwadwo Ankomah, Frederick Akpali Samena, Isaiah Sikayena, Patrick Ofori-Oppong, Bernard Arpoh-Baah, Emmanuel Boadi</text>
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                <text>Capital structure and its impact on firm performance is a key issue in finance, and there are a number of theories and empirical papers that explain this relationship. Using secondary data from listed companies that have traded on the Ghana Stock Exchange (GSE) from 2016 to 2020, the study specifically examines the effect of short-term debt, long-term debt, and total debts on the operational efficiency of listed non-financial companies in Ghana. The study shows that a firm's return on assets decreases as its amount of debt accumulation rises. Also, some firm-specific variables have small but significant impacts on enterprises' profitability. The study recommends that, to ensure that there is adequate cash available for the company's ongoing operations, corporate finance managers should ensure working capital is managed properly and responsibly. Also, in the extreme case where a short-term borrower facility is unavoidably required and must be acquired, the study advises administrators to make sure that the total amount of short-term obligations taken on as a percentage of the capital structure is less than the sum of non-current liabilities and equity in total assets.</text>
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                <text>Asian Economic and Social Society</text>
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                <text>Exploring the Factors Influencing Investment Decision of Workers of Ghana Ports and Harbour Authority, Takoradi</text>
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                <text>Ewuradjoa Ohene-Bredu Peter Besah Avevor, Kennedy Oppong Fosu, Kingsley Aidoo-Acquah, Kwadwo Ankomah</text>
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                <text>This research explored the factors which influence investment decision of workers of Ghana Ports and Harbour Authority, Takoradi using a quantitative research approach, with descriptive survey as the design. The population of study comprised both permanent and contract staff of the organization. A total of 254 employees were selected using random sample method, with 61.4% response rate and a set of questionnaire as the research instrument. Frequencies and percentages were relied upon for analyzing the obtained data. The study revealed that investment sales agents, TV/Newspapers, family members’ referrals, social media as well as the Books/Magazine were the main sources of investment information to workers of GPHA. Again, insurance policy is the commonest investment product workers relied upon. Also, safety, risk and returns, liquidity, and diversification factors were the main factors influencing investment decision of workers of GPHA. It is recommended that the Central Bank of Ghana should develop clear measures to protect the premium of investors. Again, the Management of GPHA should periodically organize sensitization and public education programs for its employees on investment decisions in order to increase the level of knowledge of staff members of organization in terms of investment.</text>
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                <text>The Effects of Cash Flow Management on the Financial Performance of Listed Manufacturing Firms in Ghana</text>
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                <text>Investigating the challenges faced by microfinance institutions in Ghana: Evidence from Takoradi</text>
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                <text>Micro Finance Institutions (MFIs) contribute immensely to the economy of every nation. Particularly, within the informal sector, MFIs constitute the pivot around which many financially disadvantaged individuals rely on in terms of access to finance for their businesses. MFIs play a tremendous role in the poverty reduction and employment creation agenda of many nations including Ghana. Notwithstanding the immense role MFIs play in the economies of nations, there is a wide recognition of the fact that the institutions can perform better if they are able to overcome the challenges they face in their operations. However, in order for MFIs to effectively tackle the challenges they encounter, it is important for them to first identify and appreciate these challenges and the threats they pose to the effectiveness of their operations. Within this context, this study sought to explore the challenges MFIs in Ghana face, with particular emphasis on those operating in Takoradi. The study was quantitative, with descriptive survey as the design. Managers and employees of MFIs located in the city licensed by the Bank of Ghana were involved in the study. Simple random sampling method was used to select 114 respondents for the study and questionnaire was relied upon for data collection. The researchers used frequencies, percentages, an independent samples t-test and ANOVA as tools for data analysis. The study observed that increased competition in the industry, low repayment rates, higher cost of information technology, low level knowledge of operators, inadequate and expensive infrastructure base, high capital requirements, unfavourable regulation and …</text>
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                <text>International Institute for Science, Technology and Education (IISTE)</text>
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                <text>Financial inclusion, economic freedom and financial stability in sub‐Saharan Africa</text>
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                <text>Siaw Frimpong, Mawusi Ayisat Yusuf, Ebenezer Boateng, Kwadwo Ankomah, Mac Junior Abeka</text>
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                <text>Executive Summary&#13;
The study examines the role of economic freedom in the relationship between financial inclusion and stability in sub‐Saharan African economies. By employing the System General Method of Moment and data from 39 sub‐Saharan African countries between 2004 and 2017, the study examines whether economic freedom (i.e., financial and business freedom) conditions the effect of financial inclusion on stability. Results from the study show evidence of a positive impact of financial inclusion on financial stability in sub‐Saharan African economies. Again, the results depict that financial inclusion could better enhance financial stability in economies with a high level of economic freedom (i.e., financial and business freedom). The results suggest that policymakers should allow financial institutions to operate with the level of freedom required to provide services at the lowest possible price. Further, it …</text>
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                <text>Effects of Downsizing on Employee and Organizational Performance in Ghana&#13;
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                <text>Kwadwo Ankomah Isaiah Sikayena, Armstrong Amoah</text>
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                <text>Asymmetric relationships among financial sector development, corruption, foreign direct investment, and economic growth in sub-Saharan Africa</text>
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                <text>K. Asafo-Adjei, E., Owusu Junior, P., Adam, A. M., Arthur, C. L., Boateng, E., &amp; Ankomah</text>
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                <text>Prior studies on the relationship between FDI and growth have generally concentrated on mean effects, or average growth benefits. It seems improbable that the majority of sub-Saharan economies will have similar “average” economic growth, hence the emphasis on mean effects in particular falls short. All other drivers can be seen to have an impact based on the uneven growth rates of these economies. The current study brings new evidence about the asymmetric relationship between foreign direct investment (FDI) and economic growth amidst financial sector development (FSD) and corruption covering a sample period of 2002 to 2020 for 48 sub-Saharan economies. For this reason, the instrumental variables panel quantile regression technique is employed to achieve the purpose of the study. The study finds that FDI inflows have a significant positive relationship with economic growth for economies with low …</text>
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                <text>Cogent Economics &amp; Finance</text>
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