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                <text>Credit risk and bank profitability: Evidence from Ghana stock exchange</text>
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                <text>Richard Takyi Opoku, Peter Lawer Angmor, Lawrence Asare Boadi</text>
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                <text>This study analyzed the relationship between credit risk and profitability of banks on the Ghana Stock Exchange. A secondary data in a panel form of seven banks listed on the Ghana Stock Exchange was examined over a period of nine years, using a linear multiple regression model. One key measure of profitability was analyzed in this study that is return on equity. The independent variables included in the regression model were nonperforming loan to total loans and advances, and loans and advances to total deposits, bank size, leverage and growth. The results for the study indicate that non-performing loan to total loans and advances and loans and advances to total deposits have significant negative relationship with return on equity. Furthermore, a negative insignificant relationship was established between size and return on equity but significant positive relationships were found between growth and leverage and profitability.</text>
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                  <text>&lt;strong&gt;Faculty Research Publications&lt;/strong&gt;</text>
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                <text>Factors affecting port users’ behavioral intentions to adopt financial technology (fintech) in ports in sub-saharan africa: A case of ports in Ghana</text>
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                <text>The study evaluated factors influencing port users’ intentions to participate in Financial Technology (Fintech) in the ports of Ghana. The study used non-experimental quantitative correlational design and the Extended Unified Theory of the Acceptance and Use of Technology (UTAUT2) as the theoretical foundation to assess whether performance expectancy (PE), behavioral intention (BI), effort expectancy (EE), social influence (SI), facilitating conditions (FC), hedonic motivation (HM), price value (PV), and habit (HT) were predictors of the intention of port users to participate in a Fintech program with age as a moderating factor. The sample comprised 407 individuals who work in the port industry and are between 18 and 64 years old; these were randomly selected through the SurveyMonkey platform. The study used principal component analysis (PCA), confirmatory factor analysis, and structural equation modeling to analyze and report the results. Findings show that PE, EE, and HT were predictors of the behavioral intention of port users to participate in a Fintech in the maritime and ports in Ghana. FC, SI, HM, and PV values could not predict BI for port users to enroll on a Fintech program. Neither did age have a moderating effect on the predictors variable influence on behavioral intention. This study offers a deeper insight into the adoption of Fintech in the port industry and sub-Saharan Africa. The findings can help researchers explain the variations in the UTAUT2 theoretical framework predictions relative to different sectors and disciplines. Researchers who intend to use the UTAUT2 theoretical framework to influence port users BI to enroll in the …</text>
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                <text>Towards a faculty blended learning adoption model for higher education</text>
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                <text>Ahmed Antwi-Boampong</text>
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                <text>Management of the Ghana Technology University College took the decision to adopt blended learning (BL) for teaching and learning because of its effectiveness as a learning approach. However, academicians are apprehensive about teaching in blended learning environment. A major study to understand the factors influencing faculty to adopt blended learning in the university has allowed a preliminary grounded theory model to be developed. This model identifies key factors, including pedagogy fitness, faculty technology affinity, student positive disposition to BL and institutional readiness lead positively to motivate faculty to adopt BL. The outcome of this research is a faculty blended learning adoption model which highlights the process of how faculty members situate themselves within the construct of adoption. Furthermore, the study highlights that faculty blended learning can be understood through …</text>
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                <text>Determinants of bank deposits in Ghana: A cointegration approach</text>
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                <text>Otu Larbi-Siaw, Peter Angmor Lawer</text>
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                <text>The study investigates the influence of selected macroeconomic and financial level variables on bank deposits in Ghana. It specifically examines the dynamic effect of deposit interest rate, inflation, monetary policy rate, growth of money supply and stock prices (All Share Index) on the level of bank deposits. The dataset for the study consisted of quarterly data spanning the years of 2000 to 2013 gathered from the Bank of Ghana (BoG) monetary time series database and the World development Indicator (WDI) database. Employing a Co-integration analysis and Fully Modified Ordinary Least Square (FMOLS), both short and long run elasticity’s of the model are estimated. The preliminary test for unit root indicated that all the variables are integrated of order one (an I (1) process) and the cointegration revealed the presence of one co-integrating equation. Empirical findings form the study indicates a significantly negative short-term impact of both inflation and growth of money supply of bank deposits in Ghana. The long-run effects of the various independent variables on bank deposit are also discussed. Some of the variables conformed to priori expectations, albeit insignificant. Appropriate measures are also recommended based on the findings thereof.</text>
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                <text>Asian Online Journal Publishing Group</text>
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                <text>Working capital management and profitability: Evidence from Ghanaian listed manufacturing firms</text>
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                <text>Richard Kofi Akoto, Dadson Awunyo-Vitor, Peter Lawer Angmor</text>
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                <text>Working capital management plays a vital role in the success of businesses because of its effect on profitability and liquidity. The purpose of this study is to examine the relationship between working capital management practices and profitability of listed manufacturing firms in Ghana. The study used secondary data collected from all the 13 listed manufacturing firms in Ghana covering the period from 2005-2009. Using panel data methodology, the study finds a significantly negative relationship between profitability and accounts receivable days. However, the firms’ cash conversion cycle, current asset ratio, size, and current asset turnover significantly positively influence profitability. The study suggests that managers can create value for their shareholders by creating incentives to reduce their accounts receivable to 30 days. It is further recommended that, enactments of local laws that protect indigenous firms and restrict the activities of importers are eminent to promote increase demand for locally manufactured goods both in the short and long runs in Ghana.</text>
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                <text>Do Trade Openness and Domestic Credit to the Private Sector Stimulate Economic Growth in Ghana A Bound Test Approach</text>
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                <text>Sackey Frank, Asravor Richard, Ankrah Isaac</text>
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                <text>The study examined the impact of trade openness and domestic credit to the private sector (DCP) on the growth of the Ghanaian economy. The study therefore examined the extent to which trade openness and domestic credit to the private sector impact GDP growth with other covariates such as inflation, exchange rate and foreign direct investments both in the short and the long run. Data was gleaned from the World Bank database spanning from 1970 to 2021. The study adopted the bound test approach using the autoregressive distributed lag estimation. Our results showed that trade openness has a positive relationship with economic growth both in the short and the long run while no such significant relationship was observed for domestic credit to the private sector. Again, we observed a positive relationship between inflation and GDP growth at least, in the short run. The study recommends policies that will …</text>
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                <text>INDERSCIENCE</text>
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                <text>Do Petroleum Price Asymmetries and Price Deregulation Cause Business Cycles in Ghana?</text>
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                <text>Frank Gyimah Sackey, Richard Kofi Asravor, Emmanuel Orkoh, Isaac Ankrah</text>
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                <text>In the context of volatilities in the international situations in recent times, studies regarding the complexities of oil price fluctuations have focussed on analysing the special fluctuation characteristics of oil prices in different historical perspectives. This study examines the extent to which petroleum price fluctuations under the petroleum price deregulation regime impact on business cycles in Ghana. The study uses the autoregressive distributed lag (ARDL) model with a quarterly data spanning from the first quarter of 2005 to the fourth quarter of 2022. Our empirical results show that price stability impacts positively on economic growth, both in the short and the long run, while foreign direct investment also has a positive effect on economic growth in the short run. Our findings are consistent with theory and empirical studies and contributes immensely to the discussions about price asymmetry and business cycles. Again, offers a nuanced perspective on how policy makers can enact policies that ensures efficient and effective deregulation and price stability.</text>
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                <text>A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies</text>
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                <text>Isaac Ankrah, Michael Appiah-Kubi, Eric Ofosu Antwi, Ivy Drafor Amenyah, Mohammed Musah, Frank Gyimah Sackey, Richard Asravor, Isaiah Sikayena</text>
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                <text>This study investigates the impact of fossil fuel industry on renewable energy deployment in emerging oil-producing economies, using Ghana as the subject of analysis. Drawing on the "theory of lobby," the study extends previous analyses to examine how fossil fuel production influences the possibility of transitioning to renewable energy. The results, based on a stepwise estimation technique, within a two-regime Markov-switching Model, show a consistent negative relationship between fossil fuel production and renewable energy deployment, supporting the lobby effect theory in Ghana's energy economy. Notably, while fossil fuel production initially increases the probability of transitioning to renewable energy (from 39.65 % to 58.42 %), this trend is reversed by foreign direct investment, reducing the likelihood to approximately 42 %. These findings underscore the need to expand the lobby-effect theory to include …</text>
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                <text>Elsevier</text>
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                <text>2025</text>
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                <text>https://scholar.google.com/citations?view_op=view_citation&amp;amp;hl=en&amp;amp;user=qSyX_i8AAAAJ&amp;amp;citation_for_view=qSyX_i8AAAAJ:LkGwnXOMwfcC</text>
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                <text>On China’s Sustainable Future: How do Eco-Technological Innovations and Financial Development Moderate the Tourism-Environmental Pollution Nexus?</text>
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                <text>Mohammed Musah, Isaac Adjei Mensah, Stephen Taiwo Onifade, Isaac Ankrah, Bright Akwasi Gyamfi</text>
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                <text>The global anthropogenic activities among nations are largely behind the growing environmental concerns of our modern time. The rise of China on the frontiers of all economic activities with rapidly booming industries including the tourism industry has raised valid concern about the country’s future sustainability. Past studies have largely focused on CO2 perhaps because of the long-lasting environmental damages from the atmospheric accumulation of this greenhouse gas (GHG) relative to other gases like methane (CH4) and nitrous oxide emissions N2O. However, there is a need to examine other greenhouse gases given that their immediate warming impacts could be much more pronounced over a relatively shorter period. As such, China’s sustainability future was assessed via direct &amp; indirect environmental aspects of the booming tourism industry while exploring the moderating roles of eco-technological …</text>
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                <text>Firm characteristics and asymmetric information based credit rationing in an emerging economy: a gender perspective</text>
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                <text>Frank Gyimah Sackey, Asravor. Richard Kofi, Emmanuel Orkoh, Isaac Ankrah</text>
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                <text>Micro, Small and Medium firms’ credit access remains a dilemma though the financial sector has been liberalized. This paper investigates the factors influencing credit rationing and how variations in the characteristics of firms owned by different genders contribute to credit rationing. The study utilizes probit estimation with marginal effects, Fairlie counterfactual and decomposition analysis to analyze both credit rationing and the extent to which the credit rationing gap is influenced by differences in gender endowments and discrimination using 1,430 firms’ owners’ loan applications randomly selected from eight (8) commercial banks. Our results show that borrowers having more years of experience, external market access, proximity to lender, being older and being male are not likely to experience credit rationing. Borrowers in the agricultural sector, with long term loans, who lack formal education, run labor-intensive …</text>
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