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September 10, 2025International Journal of EconomicsOpen Access

Assessing Efficiency of the Financial Sector in Ghana and Implications for Growth: An Application of the Ahiawodzian Model of Financial Market Efficiency

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Authors

AAAnthony K. Ahiawodzi

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Overview

Observational analysis reveals high financial sector inefficiency in Ghana, suggesting issues in monetary policy and interest rates.

Key Points

  • The Ghanaian financial sector showed inefficiency of 51.45% from 1988 to 2023, adversely impacting economic growth.
  • Inflation rate and interest rate were identified as key variables in assessing financial sector efficiency.
  • A regression model indicated significant long-run implications of inefficiency for private savings and investments.
  • The findings call for effective monetary and fiscal policies to improve financial sector performance and promote growth.

Cite This Study

Anthony K. Ahiawodzi (2025) studied this question.

synapsesocial.com/papers/68c1872d9b7b07f3a06118aahttps://doi.org/10.47604/ijecon.3488
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