Effect of foreign portfolio investment on economic growth in ghana
| dc.contributor.author | CUDJOE THEODORA ATTA | |
| dc.date.accessioned | 2024-01-23T09:12:48Z | |
| dc.date.available | 2024-01-23T09:12:48Z | |
| dc.date.issued | 2023 | |
| dc.description | A thesis submitted to the school of business in partial fulfilment of the requirement for the degree of master of business administration (finance) | |
| dc.description.abstract | Increased liquidity in the capital market means better access to financing at lower cost of capital which is crucial to support economic activity. Capital flows have the ability to convey to destination economies benefits such as financial sector development, technological expertise, support for human capital development and investment purposes. The study examines the effect of foreign portfolio investment on economic growth in Ghana. The study population consisted of manufacturing sectors, services sector, industry and agriculture. The study used secondary data in estimating the result. The time frame ranged from 2009 to 2019. The data was obtained from the world development indicators (wdi, 2017) of the world bank. Regression analysis was used. Analysis of the data revealed that: private capital flows had a positive weight on economic growth, and the effect was significant. Thus, an increase in capital flows led to increase in economic growth; portfolio equity had a positive weight on economic growth, and the effect was significant. Thus, an increase in portfolio equity led to an increase in economic growth; portfolio debt had a negative weight on economic growth, and the effect was significant. Thus, an increase in portfolio debt led to a decrease in economic growth. In the light of these findings, the study recommended that the government of Ghana should have a clear directive in relation to foreign portfolio investments in Ghana, and that these directives should come with clear cut strategies and policies, in the bid to attract foreign investment. Again, private capital flows and portfolio equity should be promoted, with portfolio debt reduced in regards to improving economic growth. | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/15303 | |
| dc.language.iso | en | |
| dc.publisher | KNUST | |
| dc.title | Effect of foreign portfolio investment on economic growth in ghana | |
| dc.type | Thesis |