The Consequences of the Covid-19 Pandemic on the Ghanaian Financial Markets and the Effectiveness of Government Policy Responses

Authors

  • James Ntiamoah Doku University of Professional Studies, Accra
  • Sampson B. Narteh-Yoe University of Professional Studies, Accra
  • Philomena Dadzie University of Professional Studies, Accra
  • Gladys A.A. Nabieu University of Professional Studies, Accra
  • Lawrence Asare Boadi University of Professional Studies, Accra

Keywords:

business, economics, COVID-19, Ghana, policy responses, stringency index

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.

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Published

2023-08-30

Issue

Vol. 25 No. 4 (2023)

Section

Articles

How to Cite

The Consequences of the Covid-19 Pandemic on the Ghanaian Financial Markets and the Effectiveness of Government Policy Responses. (2023). Journal of Applied Business and Economics, 25(4). https://articlearchives.co/index.php/JABE/article/view/6907