College of Humanities & Social Sciences
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- ItemThe effect of inflation on economic growth in Ghana(KNUST, 2019-04) Amissah, FrederickABSTRACT Inflation is a sign that an economy is growing, however excessive rate of inflation is detrimental as it can lead an economy into hyperinflation. Low inflation rates promote economic growth by making prices and wages more flexible (Lucas, 1973). High inflation is bad for the economy and it adversely affects economic performance. It hampers economic growth due to the adverse impact on efficient distribution of resources by changing relative prices (Fisher, 1993). The relationship between inflation and economic growth is one of the most popular macroeconomic issues among central bankers, policy makers and macroeconomists. This study therefore sought to examine the impact of inflation on economic growth in Ghana. Specifically, the study estimated the causal relation between inflation and economic growth and also measure the long run and short run effect of inflation on economic growth. The study estimated a VECM model using annual time series data on economic growth, CPI inflation, capital, foreign direct investment and trade openness from 1980 to 2017. The study found the existence of a unilateral positive causal relationship running from economic growth to inflation. Also, the study found that inflation has a negative impact on economic growth in both the long run and the short run. The study also found that capital and FDI also have a negative effect on economic growth whereas financial development and trade openness have a positive effect. The study recommends that government implement policies that ensures stable prices. This can be in the form of making sure the inflation target set are not missed to ensure the negative effects of inflation are reduced
- ItemAn impact assessment of financial inclusion on SMEs credit accessibility: a case study of Ashanti Region(KNUST, 2019-07) Abubakar, UmarABSTRACT The study examined the impact of financial inclusion on SME credit accessibility in the Ashanti region. Specifically, the objectives addressed were: to examine the factors that influence financial inclusion of SMEs in the Ashanti region, to examine the effect of account holding, and account usage as index for financial inclusion on SMEs credit accessing chances. The study used primary data through questionnaire administration, and the sample size selected was 380 calculated based on Cochran (1977) general formula for sample size when the population is infinite. Quantitative research design was used by employing the probit model to analyse why some SMEs are more likely to get access to loans than others. The results per the magnitude indicated a high sex/gender inequality in accessing financial institutions by females and males owners of SMEs. Thus, the sex of SMEs owners, and others like educational level, income level, size of SMEs and age of business are the significant factors that affect inclusion of SMEs in the financial sector and hence the study from the findings concluded that financial inclusion index as used in the study affects the probability of access to loans from financial institution. Based on the findings, the study recommended that Ministry of Trade through the National Board for Scale Industries should use their decentralized organs like the Business Advisory Centers to build the capacities of the SMEs by way of sensitization seminars. Also, Bank of Ghana as regulator of the financial system must take measures through regulations and guidelines to strengthen the financial sector to ensure customer confidence
- ItemInvestigating the impact of foreign direct investment on domestic investment in Ghana(KNUST, 2019-04) Abdulai, ImoroABSTRACT This study examines the impact of Foreign Direct Investment on domestic investment in Ghana. It further investigated the trends of foreign direct investment and domestic investment in Ghana. The study utilized annual time series data of the variables covering the period 1985 to 2017. The study utilized ARDL bounds test. The result showed there exists a long run equilibrium relationship among the variables. In the long run, the study found that foreign direct investment (FDI) has a negative effect on domestic investment. This effect was statistically significant at the 5 percent level. Thus foreign direct investment plays a vital role in determining the amount of domestic investment. From the short run results, foreign direct investment has a negative effect on domestic investment in the short run. This effect was statistically insignificant at the 5 percent level. However, the first and second lag of foreign direct investment had a positive and high significant effect on domestic investment in the short run. Inflation had a positive effect on domestic investment in both long and short run whiles trade openness had a positive effect on domestic investment only in the short run. The study recommends that the way forward for Ghana is to target foreign direct investment into areas where she has a comparative advantage. In general, providing a good business environment, as well as removing bottlenecks and disincentives in the economy, will benefit both domestic and foreign investors and enhance economic growth. Thus, there should be a better policy option for both domestic and foreign investors rather than devising incentive packages for specific firms or projects.
- ItemHealth seeking behaviour beyond biomedical care: integration of spirituality in HIV/AIDS healthcare- a case of Komfo Anokye Teaching Hospital (Kath)(KNUST, 2018-11) ANDREWS, BEATRICE AKOSUASpirituality, medicine, and healthcare have been related in one way or another in all population groups since the beginning of recorded history. Studies have shown that spiritual well-being is an important component of health and that it should be addressed with PLWHIV/AIDS. In Ghana, spirituality and health seeking behaviour is not new. Many people living with HIV in Ghana make use of spiritual therapy. Though there is high level of HIV stigmatization in Ghana, spiritual therapy is one pragmatic option available to people living with HIV as it helps them to find meaning to their predicament and strengthen their coping mechanisms. Medicine and other health disciplines have struggled with developing appropriate spirituality-based interventions to help people leaving with HIV (PLWHIV) especially in developing countries like Ghana where spirituality intricately influences every aspects of social life. Such interventions are not universally accepted by either clients or providers. More knowledge is needed to identify HIV-infected groups that would benefit from and accept these approaches. With the aid of theoretical literature, this research work sought to assess the health seeking behaviour of persons living with HIV/AIDS in the Komfo Anokye Teaching Hospital, Kumasi- Ghana. Through a semi-structured interview, 10 health workers and 25 PLWHIV were contacted. The results show that spirituality contributes positively to HIV/AIDS care and treatment. It was also found out that some health workers encourage spirituality as an additional treatment for HIV/AIDS treatment. In as much as spirituality is a very essential component in the treatment and care for PLWHIV, it is recommended that clients should be allowed to have some form of spiritual consultation to provide a psychological stability in the healing process.
- ItemGovernmental challenge in the Apostolic Church of Ghana in the light of the Presbyterian polity.(KNUST, 2018-11) DANTIAR, WILLIAM SANDOWThe governmental practices in The Apostolic Church of Ghana (TACG) have Similarities with churches that adopt the Presbyterian Polity, and these come with their challenges. The research examined the level at which TACG adopts the Presbyterian Polity and the challenges that emanate from the adaptation. The research looked specifically at what the church at Northern, Central and Coastal parts of the country perceived as causes and effects of the problems of the Presbyterian Polity and assessed whether it is followed to the latter, and their efforts at addressing those challenges. Questionnaire was distributed to 131 respondents and nine church leaders were interviewed to generate data. The research revealed that there were governmental challenges in TACG caused by lack of transparency from the top to the lower governing bodies of the church; none accountability from the top to bottom of the church and autocracy from top to bottom of the church. It is being recommended among others that reforms are needed in the adaptation of the Presbyterian Polity because it is being practised partially; also that selection of leaders from the top to bottom needs to be examined to ensure quality leadership.