Effect of interest rate on stock prices in Ghana.

Arhenful, P.; Yeboah, A. K.; Adjei, K. S.

dc.contributor.author	Arhenful, P.
dc.contributor.author	Yeboah, A. K.
dc.contributor.author	Adjei, K. S.
dc.date.accessioned	2022-09-09T11:28:38Z
dc.date.available	2022-09-09T11:28:38Z
dc.date.issued	2021
dc.identifier.other	10.22610/jsds.v12i1(S).3187
dc.identifier.uri	https://ojs.amhinternational.com/index.php/jsds/article/view/3187
dc.identifier.uri	http://atuspace.atu.edu.gh:8080/handle/123456789/244
dc.description.abstract	The paper assesses the effect of interest rate on stock prices, with emphases on Ghana Stock Exchange; using monthly time series data from July 2007 to December 2019. The Augmented Dickey-Fuller (ADF) test was employed to establish the stationarity properties of the data or otherwise. Using the Ordinary Least Squares (OLS) estimation technique of Multiple Regression, the results (? = – 0.891, p < 0.05) revealed an indirect association between interest rates and stock prices in the Ghanaian context; which is consistent with the theoretical conclusion that an increase in interest rate results in a decrease in stock prices. Thus, in the light of this finding, it was recommended that policymakers should consider the stock market dynamics due to the significant relationship that exists between the two macroeconomic variables.	en_US
dc.language.iso	en	en_US
dc.publisher	Journal of Social and Development Science	en_US
dc.relation.ispartofseries	vol;12
dc.subject	Interest Rates	en_US
dc.subject	Stock Prices	en_US
dc.subject	Ordinary Least Squares	en_US
dc.subject	Augmented Dickey-Fuller Test	en_US
dc.subject	Ghana	en_US
dc.title	Effect of interest rate on stock prices in Ghana.	en_US