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- Title
The Consequences of the Covid-19 Pandemic on the Ghanaian Financial Markets and the Effectiveness of Government Policy Responses.
- Authors
Doku, James Ntiamoah; Narteh-Yoe, Sampson B.; Dadzie, Philomena; Nabieu, Gladys A. A.; Boadi, Lawrence Asare
- Abstract
This study analysed the consequences of COVID-19 on Ghanaian financial markets and further profiled and assessed the effectiveness of government policy interventions to contain its incidence. Using a qualitative documentary analytic approach combined with available time series data from financial market regulators between 2015 and 2021, empirical evidence shows that key profitability (ROA and ROE) measures of banks, gross insurance premium and capital market indicators were negatively affected. The containment and stringency of government policies in the wake of the pandemic do not match in equal potency with the rise in occurrences. Policy recommendations were provided.
- Subjects
GHANA; COVID-19 pandemic; GOVERNMENT policy; FINANCIAL markets; MARKETING effectiveness; GHANAIANS
- Publication
Journal of Applied Business & Economics, 2023, Vol 25, Issue 4, p215
- ISSN
1499-691X
- Publication type
Article
- DOI
10.33423/jabe.v25i4.6365