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An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana
A thesis submitted to The Department of Economics, Kwame Nkrumah University of Science and Technology in partial fulfilment for the award of a degree of Master of Science (Economics).
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| Format: | Thesis |
| Language: | English |
| Published: |
2016
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| _version_ | 1867613138509103104 |
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| access_status_str | Open Access |
| author | Tieku, Elizabeth |
| author_browse | Tieku, Elizabeth |
| author_facet | Tieku, Elizabeth |
| author_sort | Tieku, Elizabeth |
| collection | Thesis |
| description | A thesis submitted to The Department of Economics, Kwame Nkrumah University of Science and Technology in partial fulfilment for the award of a degree of Master of Science (Economics). |
| format | Thesis |
| id | oai:ir.knust.edu.gh:123456789/9342 |
| institution | KNUST (Ghana) |
| language | English |
| last_indexed | 2026-06-10T12:31:22.621Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| record_format | dspace |
| source_str | KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| spelling | oai:ir.knust.edu.gh:123456789/9342 An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana Tieku, Elizabeth A thesis submitted to The Department of Economics, Kwame Nkrumah University of Science and Technology in partial fulfilment for the award of a degree of Master of Science (Economics). This study sought to investigate the effects of macroeconomic variables in Ghana Stock Exchange using time series analysis from the period of 2000-2013. Five micro economic variables were used which include Ghana Stock Exchange, exchange rate, inflation rate, T-bill rate (proxy for interest rate) and Broad money supply (M2). Data on the Stock Exchange was proxy as the All –share index where all these variables were obtained from the Ghana Stock Exchange and the Bank of Ghana as a secondary source. A test for unit root using Augmented Dickey Fuller was performed. This showed that the variables exhibited the presence of unit root at 95% confidence interval. Further Johansen and Julius trace and maximum Eigen value tested for co-integration came out to test for the existence of Long run relation among the variables where lastly this was followed by the estimation of vector error correction module of the short and long run impact relationship among the selected micro economic variables and stock pricing. KNUST 2016-10-21T11:37:54Z 2023-04-19T13:34:14Z 2016-10-21T11:37:54Z 2023-04-19T13:34:14Z MAY, 2016 Thesis https://ir.knust.edu.gh/handle/123456789/9342 en application/pdf |
| spellingShingle | Tieku, Elizabeth An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana |
| title | An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana |
| title_full | An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana |
| title_fullStr | An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana |
| title_full_unstemmed | An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana |
| title_short | An examination of the effect of macroeconomic variables on Ghana stock market returns in Ghana |
| title_sort | examination of the effect of macroeconomic variables on ghana stock market returns in ghana |
| url | https://ir.knust.edu.gh/handle/123456789/9342 |
| work_keys_str_mv | AT tiekuelizabeth anexaminationoftheeffectofmacroeconomicvariablesonghanastockmarketreturnsinghana AT tiekuelizabeth examinationoftheeffectofmacroeconomicvariablesonghanastockmarketreturnsinghana |