Ownership structure and financial performance of banks in Ghana

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The focus of this study is to examine how the ownership structure of banks in Ghana influences their performance. To address the research objectives, the study utilized the quantitative v research approach, the explanatory research, and the desk research strategy to investigate the phenomenon. Secondary panel data on selected bank in Ghana spanning a ten-year period from 2012 to 2021 are used. With the help of the Stata software, the study uses the panel regression analysis to estimate the relationship between the variables. The study reveals that institutional and concentrated ownership have significant positive effect on performance (ROA) of the banks. However, the study finds that foreign and managerial ownership have no significant effect on performance (ROA). From the results of the study, it is concluded that institutional and concentrated ownership are major determinants of performance in the banks but foreign and managerial ownership do not influence performance in the banks. The study recommends that institutional ownership and concentrated ownership should be strengthened in the banks since they are able to reduce agency cost to enhance the performance of the firms.
A thesis submitted to the department of accounting and finance, college of humanities and social sciences, in partial fulfilment of the requirements for the degree of master of science (accounting and finance)