Browsing by Author "Mavis Amofah"

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    Performance Implications Of Capital Budgeting Practices Of Private Waste Management Firms In Ghana. A Case Study Of Financial Zoomlion Ghana Limited
    (2020) Mavis Amofah
    study examined This the financial performance implications of capital budgeting practices of private waste management firms in Ghana with emphasis on Zoomlion Ghana limited. Specifically, the study sought to: find out if development projects correspond with profitability, check whether the project is subject to rigorous defined procedures and finally, to recognize the appropriate capital budgeting techniques and activities that could enhance the monetary progress of the waste management sector. The population for the study was 44 consisting of all the Regional Offices and head office of Zoomlion Ghana Ltd with particular reference to staff at the Finance and Account units. The study assumed a philosophy of positivism to assess the relationship of capital budgeting processes and monetary growth and employed survey design. The purposive sampling technique was used to select a sample size of 12. The main instrument used for the study was a questionnaire. Results reveal that through capital budgeting, profits have gone up by 21% - 40%. This shows a positive correlation between capital budgeting and profitability. Thus capital budgeting practices plays critical roles in ensuring the profitability of the company. The company does not use just one valuation method but rather adopts multiple valuation methods in its capital budgeting decisions. The finance department was responsible for all capital projects as there was no dedicated capital budgeting department. It is recommended that management institute a dedicated capital budgeting department, engage the services of professionals and equip the department with modern technology and other tools in order to succeed.