ghanaopendata/ghanaian-research-english huggingface dataset:
Corporate restructuring and financial performance in the Savings and Loans industry: the case study of First Allied and Savings and Loans Bank

The savings and Loans Industry (S & L) is classified as a Non Bank Financial Institution (NBF) and is statutorily defined by the Financial Institution (Non-Banking) Law 1993, PNDC Law 328 and licensed by the Bank of Ghana. The S&L provides financial intermediary services for its client. These financial services are very limited in nature and are not regulated by the Banking Act. The financial services sector has seen tremendous growth in size and increased level of innovation and competitive positioning in recent years with little success in the financial intermediation process. This positive growth has been carefully contained to avoid collapse by the creation of an enabling regulatory environment and supervisory roles by the appropriate financial regulatory bodies. In this direction, the Bank of Ghana has issued a Business Rule that scheduled 31st December 2004 as the deadline for compliance by S&L Companies to raise their stated capital of ¢15 billion. It further directed that within this time frame all non-compliant institutions should have the commitment of shareholders to inject the new required capital, merge with other financial institution, and acquire a takeover by institutional investors or individuals as the options available at ensuring compliance. It further indicated that by the 31st of December 2005 any Savings and Loans Company which fails to meet this directive will be closed down. This urgent need for capital injection to the minimum stated capital has really set the for capital mobilization amongst these companies since 2004. This directive has therefore necessitated corporate restructuring amongst these institutions. The First Allied Savings and Loans (FASL) has responded to this directive capital injection by a strategic investor with its concomitant corporate restructuring. The study investigated the impact of this capital injection and by extension corporate restructuring on firms that have been able to meet the new capital requirements. Although the restructuring process has few associated constraints or setbacks it achieved a significant progression in the motivation of staff, growth performance and profitability of FASL. The Management Team underwent very pronounced capacity building exercise of First Allied Savings and Loans (FASL) has increased following the corporate restructuring activities through the development of two new loan products and increased promotional drive geared towards increasing their customer base. It is recommended that First Allied Savings and Loans (FASL) enlist on the Ghana Stock Exchange in order to allow more funds for growth and expansion. Additionally the strong drive to continuously improve on the performance and profitability of this business entity following listing will characterize its operations.

Source: KNUST
Corporate social reporting of leading rural banks in Ghana

Corporate social responsibility (CSR) has been identified to be increasingly significantly in this new millennium. This has been observed to be happening as a result of the increasing concern expressed by policy makers and society about corporate social responsibility. The study examines the extent of corporate social reporting by Ghanaian financial institutions with a case of leading rural banks in Ghana. These banks are Juaben, Nwabiangya, Odotobiri and Amansie west rural banks, Atwima Kwanwoma, and Adansi rural banks. The study uses a sample of financial institutions listed in the Ghana Club 100 database, an annual ranking of the most prestigious firms in Ghana, precisely the years 2011 to 2013, annual reports. The study adopts an in-depth assessment and descriptive in comparative approach in examining the CSR reporting issues from the perspectives of the selected rural banks as against selected commercial banks listed on Ghana stock exchange. The findings shows that, as adapting Alex Douglas et al 2004 proposed four-state framework for measuring corporate social responsibility reporting to argue about an excellent organization or organization with total quality management. From the reflection of their social responsibility activities through their annual reports and websites in order to position them on the framework, the analysis shows that rural banks are well behind the commercial banks with regard to the quality and quantity of social disclosure in their annual reports. Also from the research, the rural banks disclose a greater volume of social information on their Web sites than in their annual reports. The study therefore recommends, they should give detail reports on their CSR to attract media coverage, external grants, and potential customers and to be seen as excellent organization.

Source: KNUST
Corporate Social Reponsibilities: a case study of AngloGold Ashanti Ltd

Corporate social responsibility and sustainable development has become a global phenomenon. In recent times mining companies have become the target of government, environmental activists and other special interest groups. It has therefore become a trend among mining companies to actively work with corporate social responsibility issues since the demand from stakeholders to behave socially responsible has increased. A case for extractive industry needs particular attention as their actions leave their operational areas 'barren' after mining. There is a growing literature about both sustainable development and corporate social responsibility. Few links are made between these two important areas of work. This paper reviews the CSR and sustainability development initiatives of AngloGold Ashanti at Obuasi. It then explores the new roles and responsibilities of mining companies within a new operating paradigm that has shifted from a 'do no harm' approach to a 'demonstrate positive development benefit' imperative. The paper then makes a case for mining companies to respond to a growing range of both global and project-specific drivers of corporate social investment. To do this, the paper draws on case studies in AngloGold Ashanti and its community. Finally, the paper suggests that management tools, such as sustainability performance indicators, have a role to play in assisting both companies and their stakeholders in assessing the extent to which their production activities are contributing to, and not detracting from, sustainable development goals.

Source: KNUST
Corporate social responsibility activity reportage on Rural and Community Banks websites in Ghana

This study sought to evaluate the corporate social responsibility activity reportage among rural and community banks in Ghana. Twenty two (22) available websites of rural and community banks in Ghana served as the sample size for the study. A scorecard on CSR reportage used by Hinson et al (2010) was adopted for the study. The scorecard enabled the researcher to ascertain the rate of CSR reportage among rural and community banks through the disclosure of their internal CSR activities and external CSR activities on their websites. Our findings revealed that rural and community banks mostly reported their external CSR activities such as community involvement activities which include charitable donations, sports and education as well as environmental disclosure activities which include lending and investment policies and company‘s concern for the environment. On the other hand, internal CSR activities such as employee health and safety, employee remuneration, employee training, customer satisfaction and provision for physically challenged customers were either not reported at all or under reported on the websites of rural and community banks in Ghana. The study therefore recommended that there is the need for rural and community banks to be much concerned in communicating both their internal and external CSR activities on their websites in order to create a good corporate image in the eyes of consumers.

Source: KNUST
Corporate social responsibility (CSR) engagement in the Ghanaian Construction Industry

In the last two decades, business managers have come under pressure to allocate scarce corporate resources to the environment that is continually mounting pressure on them. This concept of allocating scarce resources has gained currency recently, although its existence can be traced some late decades. However, to the increasing consternation of construction companies, efforts to affect communities positively are not appreciated by the public. The aim of this study was to explore the extent of corporate social responsibility engagement by D1K1 contractors in the Ghanaian Construction Industry. Hence the study was guided by the following objectives in achieving the aim including; to identify the drivers of CSR engagement by D1K1 construction companies in the Ghanaian Construction Industry; to identify the benefits of CSR engagement in the constr uction industry; and to explore the inherent challenges of CSR engagement by D1K1 construction companies in Ghana. The study adopted quantitative research strategy. Subsequently, survey questionnaire was used to elicit response from the target population. The data gathered was subjected to rigorous analysis involving one sample t -test and relative importance index. Based on the overall sample, the findings revealed that the identified drivers were all significant obtaining mean score values exceeding 3.50 i.e. the hypothesized mean. Likewise the challenges and the benefits. However, some of the factors emerged as strong among the variables. Brand name and Consumer demands ranked 1 st and 2 nd drivers respectively. Under the challenges, Time consuming and communication were the first two challenges. The activities the contractors usually engage in were more of internal rather than pertaining to the society as a whole. It is recommended that central regulatory body to oversee the CSR activities be set up, rating agencies and rewarding structures must be put in place and ultimately, companies must develop coherent strategies to address CSR engagement. The study is an epitome of CSR in the Ghanaian construction industry.

Source: KNUST
Corporate social responsibility and competitive advantage in telecommunication industry in ghana: mediation role of marketing capabilities. Case study of mtn ghana

Corporate social responsibility involves marketing philosophies, policies, procedures and actions whose primary objective is the enhancement of the society. In view of this, telecommunication companies in Ghana have been embarking on numerous social intervention programmes in areas of health, education and general community development. The study is on corporate social responsibility and competitive advantage the mediating role of marketing capability. The main objective is to assess corporate social responsibility and competitive advantage the mediating role of marketing capability. The specific objectives were to examine the relationship between corporate social responsibility and competitive advantage of mtn Ghana ltd and to examine the mediating role of marketing capabilities on the relationship between corporate social responsibility and competitive advantage at mtn Ghana ltd. Data was collected from hundred and fifteen (115) mtn workers in Kumasi, using convenient sampling. The data collection tool employed was questionnaire. The data was analyzed using (spss version 24). Findings from the analysis showed that there is a significant relationship between corporate social responsibility and competitive advantage of mtn Ghana ltd. In other words, corporate social responsibility practices of the mtn Ghana persuaded competitive advantage also, marketing capability mediates the relationship between corporate social responsibility practice and competitive advantage. With the usage of marketing capabilities as well as other variables like sex, age, education, position working years, and department, the outcome indicates that marketing capabilities and corporate social responsibility have positive relations with competitive advantage. This provided a coefficient of 0.033 and 0.021correspondingly

Source: KNUST
Corporate social responsibility and bank performance: the role of bank financial stability

The objective of the study was to investigate the moderating effect of bank financial stability on the nexus between corporate social responsibility and bank performance. Secondary data is collected from the annual reports of commercial banks in Ghana in order to provide information for this research. The data spanned the years 2010 to 2021. The study sampled 16 commercial banks. The design for study was explanatory since it explains the relationship among the variables. The regression method employed was fixed effect regression. The study found that CSR spending among banks in Ghana shows significant variation, indicating different levels of commitment and resource allocation. Some banks, like GCB, ECOBANK, and ADB, demonstrate a strong commitment to CSR, while ABSA and Prudential bank did not disclose their spending. The analysis revealed that increased CSR activities positively impact both Return on Assets (Coeff= 0.026191; p-value=0.00) and Return on Equity (Coeff= 0.166342; p value=0.00) for banks. The finding further showed that the interaction between CSR and financial stability (FSTB) had a positive and significant effect on both ROA (Coeff= 0.000053; p-value=0.08) and ROE (Coeff= 0.178413; p-value=0.00). Banks should enhance their CSR initiatives by allocating sufficient resources and developing strategic plans to align their activities with social and environmental goals. This can include investing in community development, environmental sustainability, financial education, and supporting social causes relevant to their stakeholders

Source: KNUST
Corporate social responsibility and corporate performance of selected rural banks in the bono east region of Ghana.

Business organizations including rural and community banks (RCBs) worldwide have been encouraged to behave ethically towards the community, environment and social set up in which they operate. This ethical behavior is referred to as corporate social responsibility (CSR). Sethi (1975), indicates that CSR points toward bringing corporate behavior up to a posture similar to existing societal norms, values and expectations of performance. The study was made to determine the effect of corporate social responsibility (CSR) on the corporate performance (CP) of five rural and community banks (RCBs) in the Bono East Region of a developing country, Ghana. The study adopted the quantitative methods as well as case study approach to gather data on the five rural and community banks and community members in the Bono East region of Ghana. The study found that CSR is positively linked to CP most significantly where corporate social responsibility is pursued for a longer period and on a wider scope of activities beneficial to the community. It also came out that, customer satisfaction, corporate reputation and competitive advantage are accorded the rural and community banks where it is evidenced that substantial CSR has been committed to the community and benefiting customers. The study therefore concluded that, it is dutiful for the rural and community banks to offer to their customers and community members, activities or assistance that will ensure that the well-being of the community is prioritized over the immediate benefit and performance accruing to the RCBs

Source: KNUST
“Corporate social responsibility and financial performance: evidence of listed financial institutions in ghana”.

This study aims to assess the relationship between Corporate Social Responsibility (CSR) and Financial Performance among listed financial institutions in Ghana. The research addresses an empirical gap in understanding the nexus between CSR and financial performance in the Ghanaian context. Employing an explanatory research design, the study examines the relationships between variables through a quantitative approach. Secondary data from the Ghana Stock Exchange is used to gather information, with the target population consisting of all publicly listed financial institutions. SPSS software is utilized for data analysis, employing multiple regression analysis to establish relationships between dependent variables (ROE and ROA) and explanatory variables. The study's findings indicate that CSR has a positive impact on Return on Equity (ROE) in the selected companies from 2012 to 2021. However, the impact of CSR on other financial variables, such as Return on Assets (ROA), was found to be insignificant. Based on the study objectives and findings, recommendations are provided to improve efficiencies and financial performance. These include focusing on improving capital structure, intensifying education on implemented CSR initiatives, and increasing transparency and advertising of CSR activities to gain clients' trust. The study highlights the growing influence of CSR in the financial sector within Ghana and Africa as a whole.

Source: KNUST
Corporate social responsibility initiatives, policies and practices: the case of Ghana ports and Harbours Authority, Tema.

This study was to investigate CSR initiatives, practices and project implementation processes at GPHA. It was also to know the challenges that GPHA goes through in CSR project implementations. The study took a further direction to know the level of community awareness of where CSR projects takes place. The study took the form of a case study and survey to gather primary data from respondents by administering a questionnaire to 160 participants. These were made up of staff at the senior management level and junior staff level, such as Public Relations Department, Corporate Planning Department, HR Unit and the Monitoring and Evaluation Unit and also people who are directly affected by CSR projects in communities. Data were gathered from opinion leaders, youth and other community people. These helped to address a set of questionnaires tailored to address the research questions posed in the study. Descriptive statistics were used in analyzing the various variables used in the analysis. Majority seventy percent (70.0%) of the respondents had a bachelors’ degree. As has been in the interest of the researcher majority of the respondents being 78.0% of the employees exhibited an understanding of the practice of CSR. This is an evident that respondents have much knowledge on CSR practices and content of policy used in project execution. Though there were several challenges that were known during the analysis, among the top five as far as this study is concern were; lack of training, monitoring and reporting, Absence of systematic standard procedures for CSR initiatives, also lack of commitment on the part of those in charge of CSR projects and finally poor attitude of staff of GPHA, such as poor assessment. The study there recommends that GPHA’s CSR policy on practices should be well documented and enforced to sustain CSR projects and community confidence. Findings also revealed that, the community members are sometimes preinformed of impending CSR projects, and there are fewer numbers who are involved in decision making regarding CSR. Even though these were some major findings, the study concluded therefore that, GPHA takes their CSR activities practices seriously and partially follows CSR procedures in some cases.

Source: KNUST
Corporate social responsibility and firm performance: the role of corporate governance

The main objective of the study was to examine the moderating role of corporate governance on the relationship between corporate social responsibility and firm performance. The design was quantitative, explanatory, and a desk study. The study iv sampled 16 firms listed on the ghana stock exchange. The data for the study was secondary and was gathered from the annual reports of the firms. The data was analysed using random effect gls regression. The study found that csr was positively related to firm performance. Also, board size negatively moderated the positive relationship between csr and firm performance. Also, the study found that board independence and managerial ownership did not moderate the csr - firm performance relationship. The findings were robust to the fgls covariance matrix. It is recommended that firms should consider the trade-offs between csr and board size. They can conduct a cost-benefit analysis of different board sizes andstructures to determine the optimal balance between board size and csr efforts

Source: KNUST
Corporate social responsibility exposure action on financial institutions in Ghana

The objective of this study was to investigate the level of corporate social responsibility reporting among the financial institutions in Ghana. The study also sought to test association between place of origin of institution, listing on the GSE and corporate social responsibility disclosure. The study also examined the impact of firm characteristics on the extent of corporate social responsibility disclosure among the CSR reporting firms in Ghana. To achieve the said objectives, data on CSR disclosure and other firm characteristics was obtained from the websites of 69 financial institutions, some of which were listed on the Ghana Stock Exchange. The results suggested that a large number of the financial institutions did not disclose their CSR information online. Among those who disclosed, the majority of the information disclosed was on their company structure and governance structures. Most of the companies failed to provide information on certain vital CSR areas such as the environment and disability. The study also found no association between place of origin and CSR disclosure and between listing on the GSE and CSR disclosure. Using a logistic regression, the study found the number of female directors to positively and significantly impact on the likelihood of CSR disclosure. The study also found that having corporate governance and majority Ghanaian owners significantly impact on the extent of CSR information disclosure. The study therefore recommended to financial institutions to provide certain vital corporate social responsibility information on their sites. For example, information on how firms deal with physically challenged persons were mission from the websites. If they information provided an a website is taken as the actual CSR activities the firms were engaged in, then financial institutions in Ghana needs to do more.

Source: KNUST
Corporate social responsibility and firm performance: the role of corporate governance

The main objective of the study was to examine the moderating role of corporate governance on the relationship between corporate social responsibility and firm performance. The design was quantitative, explanatory, and a desk study. The study IV sampled 16 firms listed on the Ghana stock exchange. The data for the study was secondary and was gathered from the annual reports of the firms. The data was analysed using random effect GLS regression. The study found that CSR was positively related to firm performance. Also, board size negatively moderated the positive relationship between CSR and firm performance. Also, the study found that board independence and managerial ownership did not moderate the CSR - firm performance relationship. The findings were robust to the FGLS covariance matrix. It is recommended that firms should consider the trade-offs between CSR and board size. They can conduct a cost-benefit analysis of different board sizes and structures to determine the optimal balance between board size and CSR efforts.

Source: KNUST