College of Humanities & Social Sciences

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    The effects of service delivery on district assembly’s revenue mobilization: evidence from afigya-kwabre south
    (knust, 2021) ANUM BERNARD
    The general aim of the study is to investigate the effects of services delivery on district assemblies’ revenue mobilization with evidence from the Afigya Kwabre South District. The general objective was divided into specific objectives in an attempt to accomplish the purpose of the study. The specific objectives designed were; to examine the impact of services delivery on revenue mobilization in the Afigya Kwabre South District, to determine ways of improving services delivery and the existing revenue mobilization capacity of the district. The OLS estimations reveal that, there exist a highly significant and positive relationship between services delivery and revenue mobilization in the Afigya-Kwabre District assembly. The results also show that, people are willing to pay additional tax for quality services. The respondents however, view that, it would be difficult for the assembly to increase revenue mobilization through enforcement of tax laws and prosecution of defaulters. Based on the findings from the study, the study recommends that quality services should be delivered by the Afigya Kwabre South District Assembly to the residents in the district since they are prepared and willing to pay additional fee for such services. The study further recommends effective and regular tax education to residents of the district in an attempt to clear some bottlenecks to revenue mobilization in the district.
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    Financial literacy and retirement preparedness: a case study of workers at takoradi technical university
    (knust, 2021) AMOAKO SAMUEL BOAKYE
    The main objective of the study was to assess the financial literacy and retirement preparedness of this study was to examine the effect of financial literacy on retirement planning among workers in the Takoradi Technical University of Ghana. The study adopted quantitative research approach. The main populations would comprise the workers at the Workers at Takoradi Technical University. Primary data was the main source of data for the study. Structured questionnaires were used to obtain primary data. SPSS version 23 was utilized for the data analyses. The study found a significant difference between respondent’s financial knowledge and having a retirement plan. There was significant difference between respondent’s household expenses and having a retirement plan. This suggests that decision to have retirement plan rather varies on house hold expenses. There was significant no difference between having bank account and having a retirement plan. There was significant difference between number of time respondents reconcile their bank activities and having a retirement plan. There was significant no difference between having personal budget and having a retirement plan. The study found no significant difference between respondent’s gender and having a retirement plan. The study concludes that public universities workers have working knowledge on financial literacy which could be enhanced. The study therefore recommends that the university’s workers should be educated through workshops/seminars to enhance their academic curriculum financial literacy in their current financial status. The level of workers knowledge on finances was moderately low as noticed from the study’s results, which restricts them from taking critical financial decisions. The university must assist workers in acquiring foundational skills that will improve on their financial wellbeing and hence financial literacy education must be treated as a dynamic construct.
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    An assessment of the book keeping practices of small and medium scale enterprises (smes) in Kumasi metropolis.
    (knust, 2021) OWUSU BRIDGET
    This study sort to examine accounting information system practices of SMEs in the Kumasi metropolis. The study specifically sorts to: assess the accounting records keeping procedures of Small and Medium Enterprises; examine the value relevance of accounting information from the perspective of the SMEs and finally determine the influence of accounting information on SMEs operational performance. The study adopted a quantity study approach and data was collected from 385 respondent and analysed using OLS regression model. The major findings revealed that most SMEs do not apply the double entry principles required in accounting to record their business transactions; the study also showed that accounting information system has a positive and significant impact on firm performance among Small and Medium Enterprises within the Kumasi metropolis. It is recommended that the government organized periodic training to assist SMEs understand the need to maintain proper books of account such as ledger account in order to generate relevant and faithful representation accounting information.
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    The impact of capital structure on financial performance of insurance companies: empirical evidence from insurance companies in Ghana
    (knust, 2021) ABUDU LUQMAN
    The purpose of this study was to investigate the firm’s capital structure decision and its impact on the profitability. A panel-data covering 2014 to 2018 audited financial statements of Insurances Companies under National Insurance Commission was used in the study. A sample of 24 insurance companies was used due to availability of financial statements for the period selected. The study revealed that, there was statistically significant negative relationship between capital structure and firms’ profitability. It was also evidenced that Return on equity, growth and assets quality are the key determinants of capital structure. Achieving an optimal capital structure was very challenging for the companies due to the dynamic nature of the determinants. The study, therefore, recommends that, the corporate leaders should always monitor the business environment. This would help them to understand the dynamics of debt and equity instruments, thereby choosing the right capital structure. When a firm plans to increase its return on equity, it should reduce its debt source of finance
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    Effects of liquidity on the profitability of banks listed on the Ghana stock exchange
    (knust, 2021) ABEIKU ACQUAH TETTEH
    Liquidity management is always proven to be one of the essential determinants of the survival of every financial institution, and its impact on profitability. This is a difficult management function since there is no linear determinant or central bank policy on required threshold of liquidity a bank has to maintain, per its size, in order to remain sustainable in operation. This has become necessary that every bank will require its own liquidity management policy. The study examines the threshold of liquidity a bank should hold at any given time to remain sustainable in operation, and its impact on profitability using listed financial institutions on the Ghana Stock Exchange as the study context. Specifically, the objectives of the study were to investigate the effect of liquidity on performance of financial institutions and to investigate whether the threshold of bank cash has an effect on bank’s profitability. Data for the study was collected from the Bank of Ghana and the published financial statements of listed banks. The study was based on a sample of 7 listed banks over a 10 year period from 2010 to 2019 with data arranged in the form of a panel. Data was analysed using descriptive statistics, correlation analysis and regression. Profitability of listed banks will be measured using Return on Asset (ROA) and Return on Equity (ROE) indicating the dependent variables. Liquidity will be measured using the following ratios; Loan to Deposit Ratio (LDR), Cash to Deposit Ratio (CDR), Cash Ratio (CHR) and Bank Size will serve as a control independent variable. Liquidity measures the ability of banks to meet short-term obligation or commitments when they fall due. The profitability of a bank is its ability to generate revenue above its costs (Lartey et al. 2013). The study recommends that for sustainable operation and profitability to be achieved, board of directors and top financial managers of banks should devise more efficient ways which can ensure that at all times there will be an equitable balance between the cash the banks hold as against the deposits they keep for their customers.