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The impact of lending rate on the financial performance of oil marketing companies in Ghana
The purpose of the research is to examine the effect that lending rates have financial performance of Oil Marketing Companies in Ghana. The study is carried out using two specific objectives which are to examine the effect of lending rate on financial performance of indigenous Oil Marketing companie...
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| Format: | Thesis |
| Language: | English |
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KNUST
2024
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| _version_ | 1869483568806232064 |
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| access_status_str | Open Access |
| author | ABANKWA JOSEPHINE |
| author_browse | ABANKWA JOSEPHINE |
| author_facet | ABANKWA JOSEPHINE |
| author_sort | ABANKWA JOSEPHINE |
| collection | Thesis |
| description | The purpose of the research is to examine the effect that lending rates have financial performance of Oil Marketing Companies in Ghana. The study is carried out using two specific objectives which are to examine the effect of lending rate on financial performance of indigenous Oil Marketing companies in Ghana and to examine other factors that influence the financial performance of indigenous Oil Marketing companies in Ghana. The researcher approaches the thesis using quantitative design and depends on secondary data for its analysis. The results show that lending rates are negatively related to the financial performance of oil marketing companies. Based on this, the study concludes that an ineffective monetary policy that results in hikes in interest rates may be injurious to the financial performance of oil marketing companies. It is recommended that government should set up an Oil Marketing Capital fund to support all the oil marketing companies that are struggling with financial performance owing to high lending rate. To ensure the success of such a fund, the government should set up a committee which will scrutinize the performance of the firms for financial assistance. The study reveals that working capital management has a positive effect on financial performance. It is, therefore, recommended that management and board of directors of Oil Marketing Companies should pay attention to the working capital management. They should develop a strategic governance framework for working capital management to ensure that challenges confronting managing daily activities of them firms are addressed |
| format | Thesis |
| id | oai:ir.knust.edu.gh:123456789/15578 |
| institution | KNUST (Ghana) |
| language | English |
| last_indexed | 2026-07-01T04:01:04.513Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | KNUST |
| publisherStr | KNUST |
| record_format | dspace |
| source_str | KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| spelling | oai:ir.knust.edu.gh:123456789/15578 The impact of lending rate on the financial performance of oil marketing companies in Ghana ABANKWA JOSEPHINE The purpose of the research is to examine the effect that lending rates have financial performance of Oil Marketing Companies in Ghana. The study is carried out using two specific objectives which are to examine the effect of lending rate on financial performance of indigenous Oil Marketing companies in Ghana and to examine other factors that influence the financial performance of indigenous Oil Marketing companies in Ghana. The researcher approaches the thesis using quantitative design and depends on secondary data for its analysis. The results show that lending rates are negatively related to the financial performance of oil marketing companies. Based on this, the study concludes that an ineffective monetary policy that results in hikes in interest rates may be injurious to the financial performance of oil marketing companies. It is recommended that government should set up an Oil Marketing Capital fund to support all the oil marketing companies that are struggling with financial performance owing to high lending rate. To ensure the success of such a fund, the government should set up a committee which will scrutinize the performance of the firms for financial assistance. The study reveals that working capital management has a positive effect on financial performance. It is, therefore, recommended that management and board of directors of Oil Marketing Companies should pay attention to the working capital management. They should develop a strategic governance framework for working capital management to ensure that challenges confronting managing daily activities of them firms are addressed 2024-02-29T10:10:52Z 2024-02-29T10:10:52Z 2021 Thesis https://ir.knust.edu.gh/handle/123456789/15578 en application/pdf KNUST |
| spellingShingle | ABANKWA JOSEPHINE The impact of lending rate on the financial performance of oil marketing companies in Ghana |
| title | The impact of lending rate on the financial performance of oil marketing companies in Ghana |
| title_full | The impact of lending rate on the financial performance of oil marketing companies in Ghana |
| title_fullStr | The impact of lending rate on the financial performance of oil marketing companies in Ghana |
| title_full_unstemmed | The impact of lending rate on the financial performance of oil marketing companies in Ghana |
| title_short | The impact of lending rate on the financial performance of oil marketing companies in Ghana |
| title_sort | impact of lending rate on the financial performance of oil marketing companies in ghana |
| url | https://ir.knust.edu.gh/handle/123456789/15578 |
| work_keys_str_mv | AT abankwajosephine theimpactoflendingrateonthefinancialperformanceofoilmarketingcompaniesinghana AT abankwajosephine impactoflendingrateonthefinancialperformanceofoilmarketingcompaniesinghana |