Companies In Ghana Research Articles

Enhancing the supercapacitive performance of soot material induced with manganese cobaltite (MnCo2O4) for supercapacitor application

Processing waste carbonaceous materials into useful products presents a sustainable alternative to its recovery. An effective and environmentally benign way of reusing such waste is to convert them into electrodes capable of supporting energy conversion reactions. This study introduces a cost-effective synthesis of a composite electrode for supercapacitor application using a waste carbonaceous soot obtained from Tema Steels Limited, a local steel manufacturing company in Ghana, having it subjected through thermal treatment at 500 °C and synergizing with annealed MnCo2O4 to augment the soot’s supercapacitive capabilities. The fabricated composite electrode comprises treated (thermally activated) soot combined with annealed MnCo2O4 material in 1:1 mass ratio, using a facile hydrothermal synthesis technique. Halogen like chlorine negatively affect the supercapacitive performance of soot, the as-received soot was subjected to a 500°C, 2-hour thermal treatment to optimize its performance, effectively reducing chlorine content from 4.1 to 2.1 at. weight percent and notably augmenting its specific surface area (SSA). SSA increased from 183.3 m2g−1 to 253.3 m2g−1, a 27.6 % increment after thermal treatment. The electrode’s supercapacitive performance was utilized using a 3 M KOH electrolyte solution employed in a three-electrode system. Attaining a current density of 3Ag−1, the composite electrode achieved a specific capacitance of 2818 Fg−1. The fabricated composite electrode demonstrated a stable charge/discharge capability by retaining around 87 % of its capacity after 10,000 cycles, establishing its practicality for applications in electrochemical storage.

Geochemical characterization of waste rock dump and its potential to predict acid mine drainage

Acid Mine Drainage (AMD) is an environmental phenomenon that is being experienced by mining companies in Ghana. High levels of heavy metals have been reported in mining areas especially in Obuasi over the years; however, as to whether these heavy metals are being released from the mine wastes (waste rocks) is of concern. Therefore, this paper evaluates the potential of the abandoned Anyankyirem waste rock dump located in Obuasi to cause AMD. Twenty rock samples were collected from various locations of the dump site and their elemental and physicochemical compositions were examined. XRD analysis was conducted to assess the mineralogy of the samples. Acid Base Accounting (ABA) test was used to ascertain the AMD potential of the dump. The ABA test comprises calculating the Acid Neutralization Capacity (ANC) and Maximum Potential Acidity (MPA) of the various samples. The MPA and ANC values were used to compute the rock samples' Net Neutralization Potential (NNP). A column leaching test was carried out. Leachates were collected over a period of 20 weeks. From the column leaching experiment, the rate of weathering of calcium carbonate throughout the 20-week leaching experiment was 3.6 %. Leachates from the column test showed a circumneutral pH (7.1–8.0). The sulphate concentrations from the leachates decreased over the entire period from 96.60 to 3.70 mg/L. Iron recorded the highest concentration of 7783.65 mg kg-1 and the lowest of 0.645 mg kg-1 was recorded in Bi. From ABA test and the column leaching test results, Anyankyirem waste rock dump is not acid generating and therefore can serve as buffer for high pyrite waste rocks. However, significant levels of some heavy metals (As, Fe, Zn, Cr, Mn and Se) were recorded in the leachates even though the leachates’ pH were circumneutral. The results suggest that not only acidic conditions can leach out heavy metals.

Pharma 4.0: A deep dive top management commitment to successful Lean 4.0 implementation in Ghanaian pharma manufacturing sector

The primary aim of this study is to assess the significance of top management commitment in the context of Lean 4.0 implementation within the pharmaceutical manufacturing industry in Ghana. The study seeks to understand and evaluate the overall effectiveness and achievements associated with adopting Lean 4.0. Employing a positivist mindset, the research utilizes an explanatory quantitative research design and a survey technique. Data collected from 181 employees of pharmaceutical companies in Ghana undergo analysis using SmartPLS (version 4) and IBM SPSS version 26. The study employs a combination of descriptive statistics to summarise data characteristics and inferential statistics to test various hypotheses related to Lean 4.0 adoption. The analysis reveals that the successful integration of lean methods and Industry 4.0 technologies requires meticulous management. Simultaneously, individual implementations of lean principles and Industry 4.0 technologies positively impact business performance. Surprisingly, the study does not observe a substantial positive influence of Lean 4.0 on corporate performance, suggesting that immediate improvements in efficiency or profitability may not result from the adoption of this framework. This research contributes to the field by highlighting the need for careful management in integrating lean methods and Industry 4.0 technologies. It also emphasizes the positive impacts of lean principles and Industry 4.0 technology on business performance. The unexpected finding regarding the lack of immediate improvements in corporate efficiency or profitability with Lean 4.0 adoption prompts considerations of initial implementation challenges or the organization's need for time to adapt to this integrated approach.

Board expertise diversity and firm performance in sub-Saharan Africa: do firm age and size matter?

Our study delved into an analysis of 128 public companies in Ghana, Kenya, and Nigeria to explore the influence of diversified board expertise on firm performance. We also investigated the impact of firm size and age on this relationship. Our results indicate that a varied blend of professional experts on corporate boards significantly boosts a company's ROA, although there is no significant effect when Tobin's Q measures firm performance. Nevertheless, we discovered that combining firm size and age negatively impacts the correlation between board expertise diversity and firm performance. Our findings support the significance of integrating agency, resource dependence, and convergence theories, implying that businesses can improve their financial performance by including an appropriate mix of expertise on their boards, especially for relatively younger small-sized firms. In contrast, more prominent and ageing firms may not see the same financial benefits. Consequently, we recommend that corporate executives and practitioners consider implementing board expertise diversity to enhance their firms' financial performance.

Environmental disclosures and financial performance amid banking crisis and COVID-19: evidence from Ghana

Purpose The purpose of this study is to examine the impact of environmental disclosures (END) on the corporate financial performance (CFP) of listed companies in Ghana before and during the Banking crisis (BKC) and the COVID-19 pandemic (COV). Design/methodology/approach This study used data from 16 companies listed on the Ghana Stock Exchange between 2012 and 2021. The END Index was used, which uses percentile ranking and is guided by Global Reporting Initiative guidelines. A diverse set of empirical tests were used to examine whether ENDs affect CFP during crises. Findings The study offered support for the stakeholder and signaling theories generally applied to the study of END. The results confirmed that ENDs have a significant positive effect on CFP measures, return on equity and earnings per share, before and during the crises. The BKC and COV had no impact on the CFP. Practical implications As Ghana is still recovering from the 2017 to 2020 BKC and COV, the findings of this study highlight the need for managers to embrace END reporting and engagement strategies to improve CFP and firm reputation. Originality/value To the best of the authors’ knowledge, this study is the first to examine the effect of END on CFP in the context of before and considering the Ghanaian BKC and COV. In addition, it is one of the few studies that investigates how ENDs affect the CFP of Ghanaian-listed firms.

Assessing the Impact of Financial Characteristics on the Performance of Ghana Club 100 Companies

After a decade of reforming policy, building and developing the multi-national market in Ghana, the Ghana Investment Promotion Centre (GIPC) introduced Ghana Club 100 to recognize the top 100 performing companies in terms of their competitiveness and contribution to economic growth. We adopted a quantitative research methodology involving correlational and casual research design to assess the impact of financial characteristics on the performance of 80 listed Ghana Club 100 firms. Financial characteristics represent the independent variables measured using liquidity, financial leverage and business activity, whiles company performance represents measured using return on asset. SPSS Pearson's correlation coefficient and multiple regression were used to analyze the data gathered from the 80 listed companies. The data analysis reveals four key findings: 1/ a statistically significant positive relationship exists between leverage and performance; 2/ no statistically significant relationship exists between liquidity and performance; 3/ a statistically significant positive relationship exists between business activity and performance; and 4/ leverage, liquidity and business activity had statistically significant positive impact on firm performance. These findings contribute to knowledge by critically explaining the casual relationship between financial characteristics and firm performance with specific reference to Ghana Club 100 companies. The findings have strategic implications for the Ghanaian businesses and economy in terms of enhancing firm’s financial performance. Due to limited access to scarce resources, the scope of the study focused on Club 100 firms which represent all the companies in Ghana. Future research can be conducted on the effect of financial characteristics on the performance of non-listed companies in Ghana.

Sustainability dimensions in the mission, vision and value statements of the largest corporations in Ghana: a sectoral analysis

PurposeThe purpose of this paper is to compare how the various sectors among the largest companies in Ghana have incorporated sustainability into their mission, vision and value statements.Design/methodology/approachThe mission, vision and value statements of the 100 largest corporations in Ghana, known as Ghana Club 100 (GC100), were extracted from the firms’ official websites. These firms were grouped into nine sectors, and the sustainability components in the mission, vision and value statements were subjected to cross tabulation and thematic contents analysis to establish the sectoral variations.FindingsIn formulating their mission, vision and value statements, GC100 firms were more than six times likely to include economic sustainability themes than environmental sustainability themes. Even though three out of every five GC100 firms are financial institutions, the manufacturing and the extractive sectors and firms ranked 1st−20th are three times likely to incorporate all the sustainability dimensions (i.e. economic, social and environmental) into their mission, vision and value statements. Firms in the financial sector and those ranked 80th−100th were more likely not to publish either a mission, vision or value statements online.Practical implicationsThis study reveals the magnitude of the strategic pronouncements such as mission, vision and value statements of large firms in emerging economies and how they are aligned with sustainability. This could serve as a basis for formulating guidelines to reinforce efforts that contribute to corporate sustainability.Originality/valueResearch on how large firms align sustainability into their mission, vision and value statements is not a new agenda, but fragmented in the context of the emerging economies. The novelty is that this study addresses this gap and contributes to this topic from a sectoral comparative perspective of largest organization in Ghana, an emerging economy.

Impact of Digital Transformation on Business Model Innovation in Manufacturing Companies in Ghana: Mediating Role of Risk Management

Impact of Digital Transformation on Business Model Innovation in Manufacturing Companies in Ghana: Mediating Role of Risk Management

Experimental Investigation into Strength Properties of Ribbed Mild Steel Reinforcing Bars (RMSRBs) Produced by Local Companies in Ghana

The construction of high-rise buildings has increased the production and demand of ribbed mild steel reinforcing bars (RMSRBs) in Ghana. This study aimed at investigating the strength properties of RMSRBs manufactured in Ghana from scrap metals. Three steel-producing companies were considered for this study. A total of 90 samples of 12, 16, and 20mm diameters with lengths of 500, 50, and 20mm were used for the study. The prepared specimens were subjected to tensile strength test, chemical composition analysis, micro-hardness test, and microstructure analysis. The results indicate that the average tensile strength of between 576.00 and 768.40N/mm2 were above the minimum tensile strength of 250N/mm2 recommended by ASTM E8/E8M-16a. The carbon equivalent values (CEVs) of between 0.287 and 0.333% obtained were almost within the range of 0.3 to 0.55% recommended by ASTM A706/A706M-09b. It was also identified that the average Vickers hardness values of between 255.76 and 295.38HV were acceptable. The microstructural images showed good distribution of the pearlite and ferrite of the core. One Way ANOVA results indicated that the differences in the tensile strength values for 12mm (p-value ˂0.000) and 16mm (p-value =0.001) were statistically significant, however, the 20mm (p-value =0.138) was not statistically significant. The study, therefore, concludes that the strength properties of the 12, 16, and 20mm diameters of the RMSRBs produced by the three different companies in Ghana meet the standard requirements, and are recommended for use by contractors for the production of reinforced concrete.

Greenfield investment and job creation in Ghana: a sectorial analysis and geopolitical implications of Chinese investments

Multinational investment has attracted mixed reactions from scholars and policymakers concerning their role and impact on job creation in host countries, particularly in developing economies. Using Ghana as a case study, this paper examines the impact of Greenfield investment on job creation. Proponents of multinational corporations (MNCs) argue that foreign direct investment (FDI) leads to economic growth, creates technological spillover, increases exports, and creates jobs, among other benefits. This has encouraged developing economies to adopt developmental strategies around MNC activities. Although most researchers have analyzed the impact of FDI on job creation, the unanswered question is: Does greenfield investment in Ghana lead to significant job creation in the formal sector? Extant literature considers FDI monolithic, without adequately differentiating between Green and Brownfield investments. Using granular data from the FDI Markets, this research paper fills this gap by empirically analyzing the Greenfield investment by 386 multinational companies in Ghana from 2003 to September 2020. Over the specified year range, these companies engaged in 500 projects across Ghana. Adopting the ordinary least square analysis (OLS), the study demonstrates that Greenfield investment has a statistically significant and positive impact on job creation in Ghana. Out of the 31 sectors, only the following sectors contribute significantly to job creation through Greenfield investment in Ghana: Consumer Products, Food & Beverage, Industrial Equipment, and Non-automotive transport OEM. This paper contributes to a better understanding of how government investment in fixed assets (GCF) such as roads, railways, and industrial buildings in the local economy should be managed efficiently so as not to spur inflation, which correlates negatively with jobs. Finally, this paper analyzes Chinese investments in Ghana, comparing them with U.S. investments, and examining their broader geopolitical implications, which highlights the importance of aligning foreign investments with national development strategies and adhering to international norms and standards.

Examining the Moderating Role of Firm Characteristics in the Corporate Governance-Financial Reporting Quality Nexus: Evidence From a Developing Country

Corporate governance is a stewardship system where directors are expected to provide leadership and supervision of the management of an organization and communicate to the absentee owners on the progress and performance of the organization, including through financial reporting. International Financial Reporting Standards (IFRS) were created to ensure corporate transparency, comparability, consistency and integrity of financial reporting. Since corporate governance is to ensure the effective operation of an organization, it is assumed that corporate governance will lead to quality financial reporting all other things being equal. Despite the existence of numerous publications on the relationship between corporate governance and financial reporting quality, the scientific literature still lacks comprehensive studies on the impact of individual firm characteristics on this relationship. The objective of this study is to assess how firm characteristics such as Firm size, Firm age, and ROA influence the relationship between corporate governance and the quality of financial reporting. A regression analysis based on balanced panel data of 598 observations from 46 companies in Ghana with full annual reports from 2009 to 2021 allowed us to assess the impact of such corporate governance variances as Board Size, Board Gender Diversity, and Independence of the Audit Committee on IFRS compliance. Mitigating effects and hypothetical correlations between variables were assessed using the STATA software package. Using the Hausman test, the appropriateness of the fixed effects model was substantiated (model specifications for proxy variables and moderating variables were built). The first part of the study was based on the results of linear regression. The linear regression results suggest that Board Size significantly predict IFRS compliance with a coefficient of 0.003 and p-value of 0.028. The independence of the Audit Committee exhibits a positive and statistically significant relationship with IFRS compliance, with a coefficient of 0.027 and a p-value of 0.018. Board Gender Diversity, despite having a coefficient of 0.024, does not display a statistically significant relationship with IFRS compliance (p=0.682). The second part of the study involved analysis to assess the moderating effect of firm characteristics on the relationship between corporate governance and financial reporting quality (an effect that occurs when a third variable changes the nature of the relationship between a predictor and an outcome, especially in analyses such as multiple regression). In this case, the results were different. In particular, Board Size does not significantly influence IFRS compliance with a coefficient of 0.001 and p-value of 0.477. Board Gender Diversity negatively influences IFRS compliance with a coefficient of -0.882 and is highly significant at the 1% level. The Independence of the Audit Committee is positively associated with IFRS compliance, with a coefficient of 0.233 and significance at the 1% level. In terms of firm characteristics, Firm Size and Return on Assets both exhibit significant negative relationships with IFRS compliance, while Firm Age (FA) has a positive effect, all significant at the 5% level. Again, the findings of the study showed that the relationship between board size and IFRS compliance changes depending on the firm’s return on assets and that there is a significant positive interaction between Board Gender Diversity and firm characteristics. While firm size and firm age significantly moderate the relationship between the independence of the audit committee and IFRS compliance. The findings of the study indicated a significant impact of both Board Gender Diversity and Independence of the Audit Committee on the level of compliance with International Financial Reporting Standards (IFRS). Specifically, the link was shown to be highly influenced by firm characteristics such as size, age, and return on assets. Thus, the study allowed us to confirm the hypothesis that the success of corporate governance in guaranteeing high-quality financial reporting depends on certain characteristics of the organisation. It is advisable for regulatory agencies to consider the modification of governance principles to align with the unique characteristics of specific firms. There is a growing call for firms to actively promote and support gender diversity among their Board of directors, as well as prioritize the independence of their Audit committees. Furthermore, it is advisable for organisations to adopt a proactive stance to enhance internal controls and implement targeted training programmes for board members, with the aim of effectively addressing unique issues faced by the organisation.

The role of green innovation in the relationship between green HRM practices and sustainable business performance; evidence from the mining industry

PurposeDrawing on the natural resource-based view (NRBV) theory, the study aimed to examine the mediating role of green innovation (GI) in the nexus between green human resource management practices (Green HRMPs) and sustainable business performance (SBP).Design/methodology/approachThis study adopted the descriptive time-lagged research design. Data were collected from 278 managerial staff of five mining companies in Ghana at different waves within a 3-month interval. Descriptive and inferential statistics were used to analyse the data received using the statistical package for the social sciences (SPSS) statistics (V. 26.0) and Smart PLS (V.4.0).FindingsThe study found that Green HRMPs significantly related more to economic performance (EP) than social performance (SP) but did not significantly relate to environmental performance (EnP). Moreover, the results revealed that GI partially mediated the nexus between Green HRMPs and both SP and EP but fully mediated the link between Green HRMPs and EnP.Originality/valueThe relevance of Green HRMPs in ensuring corporate sustainability has been largely established in the extant literature. However, there is an evidential dearth of studies in the literature concerning the mediating role of GI in the nexus between Green HRMPs and SBP, especially in developing economies context. Hence, this study serves as a significant contributing card from Ghana by advancing the NRBV theory.

Board Size, Board Independence, Board Expertise and the Financial Performance of Listed Manufacturing Firms in Ghana: Does Board Commitment Play a Role?

This study focused on examining how board size, board independence, and board expertise relate to the financial performance of manufacturing companies listed on the Ghana Stock Exchange, considering the moderating role of board commitment. The study population had to do with the listed manufacturing firms in Ghana. This study employed a quantitative research method along with a causal research design. Secondary data (panel) were gathered from the annual financial reports of seven listed manufacturing companies from 2010 to 2022. It was discovered that board size has an insignificant effect on the financial performance (return on asset and return on equity) of listed manufacturing companies in Ghana. Board independence and expertise positively and significantly affect the financial performance of listed manufacturing firms in Ghana. This study found a positive but insignificant moderating effect of board commitment on board size and return on asset nexus. However, board commitment positively and significantly affects board independence and return on asset nexus, board expertise and return on asset nexus, board size and return on equity nexus, board independence and return on equity nexus, and board expertise and return on equity nexus. This study is the first to examine the moderating effect of board commitment on how board size, independence, and expertise relate to the financial performance of listed manufacturing companies. Aligned with the findings, we recommend that the management of listed manufacturing companies implement effective measures to improve the independence, expertise, and commitment of the board of directors.

Investigating Barriers to Low-Carbon Policy Implementation among Mining Companies in Ghana

Efforts for carbon emission reduction have been identified as a major climate change mitigation target in the Paris Agreement. The 26th Conference of Parties to the United Nations Framework Convention on Climate Change highlighted the worldwide effort for cleaner and greener mining, urging the mineral industry to embrace greener operational emissions reduction technologies and strategies. At the Paris Conference, Ghana pledged to reduce CO2 emissions by 15% and increase its renewable energy share to 10% of the national energy mix. Ghana’s efforts to implement a low-carbon policy were, however, hampered for several reasons. Ghana is Africa’s leading and the world’s seventh largest gold producer. Mining has contributed significantly to foreign currency acquisition and government revenue. The gold mining sector contributes approximately 95% of Ghana’s total mineral revenue. Considering these situations, the fundamental question is how Ghana’s mining industry can contribute to CO2 emission reduction efforts. This paper investigates barriers to low-carbon emission policy implementation among mining companies in Ghana. We adopted 5-point Likert scale statement questions. The questionnaire survey was conducted among Ghana’s four large-scale gold mining companies. As the sample number of available companies is limited, we used a descriptive analysis to assess the responses. The results show that the companies expressed widely different ways to respond to the issues of cost, a government policy for carbon emission reduction, and the acquisition of low-carbon technologies. Those companies that are relatively less prepared for this endeavor emphasized the uncertainties of securing sufficient energy in case of using low-carbon technologies. They also expressed a need for more trained workers to handle low-carbon technologies. We found that a major challenge among companies was the expected cost involved in implementing a low-carbon emission policy. There was a communication gap with the relevant government ministry about low-carbon mining options where the government should be able to facilitate the involvement of low-carbon technology providers, such as solar Photovoltaics installation.

Precursors of circular economy practices

The study examined the precursors of circular practices among waste management firms in Ghana. Its objectives were to assess the internal financial environment and the external financial environment of the firms as the precursor of its circular economy practices The study used a cross-sectional design and a quantitative research method. Data was collected from the owners/managers of integrated waste management firms in the Environmental Service Providers Association of Ghana database. On that note, 524 firms participated in the survey. The data was collected using a closed-ended questionnaire consisting of a seven-point Likert-like scale. The findings show that the factors influencing the adoption of circular economy techniques by waste management companies in Ghana include the internal environment that is firm-level financial environment, financial readiness, and investment readiness. External factors such as country level financial environment and international level financial environment were not significant precursors. It is advised that companies in the circular economy, such as waste management companies, establish the enabling conditions for moving ahead with sustainable business practices.

Safety, Commitment, and Performance : A Study of Manufacturing Firms

This study investigates the interplay between Occupational Health and Safety (OHS) practices, employee commitment, and employee performance at manufacturing companies. A quantitative approach using correlation and regression analyses assessed relationships between variables. Data were collected from 115 employees across three manufacturing companies in Ghana’s Awutu Senya District. OHS practices positively influence both employee commitment and performance, with commitment partially mediating this relationship. This suggests that a safety-focused environment leads to a more committed and high-performing workforce. These findings hold significant practical implications for manufacturing companies. By prioritizing comprehensive OHS initiatives, organizations can cultivate a safer and more supportive work environment, which leads to a more engaged and productive workforce. This study examines the under-explored mediating role of employee commitment in the OHS-performance relationship within the manufacturing industry in Ghana. By doing so, it extends knowledge and offers insights for optimizing workplace safety, employee well-being, and organizational success.

A Comparative Study of Printed Fabric Product Lines and Design Concepts of Texstyle Ghana Limited

Purpose: This research investigates TexStyle Ghana Limited’s printed fabric design concepts over three decades, focusing on cultural heritage and consumer preferences, aiming to understand trends and patterns.
 Design/Methodology/Approach: This research employs qualitative data analysis as the primary approach to investigate design concepts. The research method adopted for this study is a single-case method. The data is collected from TexStyle Ghana Limited (TSGL), a prominent textile printing company in Ghana, with a specific focus on their product lines and historical design trends. The data is analysed based on patterns, and themes within textual or visual data.
 Findings: TexStyle Ghana Limited (TSGL) offers four unique brands of printed fabrics catering to diverse consumer segments. Their design concepts reflect cultural motifs, traditional heritage, and bold African textile utilisation. TSGL's product lines, such as the Adepa Dumas and NuStyle collections, target specific demographics with distinctive design elements.
 Research Limitation/Implications: The study's limitation includes focusing on TSGL, although there are other printing companies in Ghana. However, the findings or implications could apply to other textile printing companies.
 Practical Implication: The research highlights the significance of considering customer preferences and cultural heritage in textile design for Ghanaian companies. These include traditional motifs, vibrant colours, and cultural symbolism that enhances competitiveness and customer satisfaction.
 Social Implication: Preserving Ghanaian cultural heritage through printed fabrics promotes representation, inclusivity, and global promotion of African art and fashion while catering to diverse consumer segments.
 Originality/Value: This industry-specific lens allows for targeted insights into the unique challenges and innovations in textile printing, contributing to a more granular understanding of Ghana's fashion landscape.

Do environmental CSR practices promote corporate social performance? The mediating role of green innovation and corporate image

This article examined how Environmental Corporate Social Responsibility (ECSR) activities directed through green innovation influence corporate image and corporate social performance. The stakeholder theory was used to examine how stakeholders' expectations affected environmental CSR, green innovation activities and how corporate innovation initiatives affected corporate image and corporate social performance. Corporate environmental practices refer to the entire process of adopting technologies and product designs for protecting and sustaining natural resources. Selected companies in Ghana were used for this study. The study employed a cross-sectional quantitative approach where data from employees were collected across six months. This study used structural equation modeling (SEM) to test the effects of environmental CSR on social performance through mediators: green innovation and corporate image. The empirical findings demonstrate that corporate environmental CSR practices have an impact on the development of green innovations that promote companies' social performance. Additionally, evidence from the findings supports that corporate image influences companies’ social performance in Ghana. Furthermore, the findings from the study demonstrate that corporate environmental CSR enhances corporate social performance through green innovation and corporate image. The study recommends green innovation adoption to improve CSR practices, corporate image and corporate social performance.

The impact of internal control practice on management performance in the Telecom industry during the pre-pandemic period in Ghana

The study seeks to investigate current and recent rampant weak internal controls and their impact on the financial performance of mobile payment companies in Ghana. The study used Secondary data to perform multiple linear regression analysis for the past ten years of the mobile payment companies’ operations around the globe. Methodically, partial and cross-correlation tests, regression analysis, ranking, and ANOVA analysis were exploited in the analysis to estimate and predict the relationship between internal controls and their impact on financial performance indicators. The tests predicted either positive or negative bi-directional relationships of the variables of the mobile companies used in the study. Among the four competing firms, MTN portrayed the strongest cashflow position whereas Airtel depicted the weakest in the current and acid test ratios. The study outcome is expected to force the stakeholders and government to establish specific policies that will regulate the internal control to improve the liquidity of mobile payment companies.

Indicators of financial fraud in the Ghanaian mobile payment industry in the pre-pandemic period

This study seeks to investigate recent rampant financial frauds and their impact on the financial performance of the four mobile payment companies in Ghana. The study used secondary data obtained from the consolidated financial statements for the past ten years (2010-2019) of the mobile payment companies' operations around the world. The sample consists of the subsidiaries of the four companies whose consolidated financial information is available for public use. Methodologically, factor analysis, pair sample t-test, and principal component analysis were exploited in the analyses to estimate and predict the relationship between fraud and its impact on financial performance indicators. The combined results offer theoretical contributions in the area of the adoption of multiple fraud theories within the framework of the neoclassical growth model. The application of the outcome to practice is the use of the result for predictability and financial sustainability of the mobile companies over future periods.