Exploring the Link between Operational Efficiency and Firms’ Financial Performance: An Empirical Evidence from the Ghana Stock Exchange GSE

The purpose of this study was to explore the link between operational efficiency and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Specifically, the study sought to determine the association between operational efficiency and the firms' financial performance as measured by ROA; examine the connection between operational efficiency and the firms' financial performance as measured by ROE; and to find out the affiliation between operational efficiency and the firms' financial performance as measured by ROCE. Panel data sourced from the audited and published annual reports of fifteen ( From the study's Pearson Product-Moment Correlation Coefficient technique of data analysis, operational efficiency had a significantly negative association with the firms' financial performance as measured by ROA [r= -0.2981, (p=0.0002)<0.05]. Operational efficiency also had an insignificantly adverse relationship with the firms' financial performance as measured by ROE [r= -0.0411, (p=0.6174)>0.05]. Finally, operational efficiency had an insignificantly inverse affiliation with the firms' financial performance as measured by ROCE [r= -0.0055, (p=0.9471)>0.05].