Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Open Access | Fully Refereed | Peer Reviewed International Journal

ISSN: 2319-7064

Research Paper | Economics | China | Volume 5 Issue 10, October 2016

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

In this study, we investigate the impact of interest rate on stock prices in Ghana by employing OLS model with monthly data spanning from January, 2000 to September, 2010. To prove our concept, we used Granger causality to test the direction and the causality between interest rate and stock prices in the context of Ghana. The test results show that there is unidirectional causality between interest rate and stock price. This means that changes in the stock price explains the variations in the interest rate. The empirical results indicated that interest rate definitely has negative effect on stock price in Ghana. The outcome also indicated unidirectional causality between interest rate and stock price.

Keywords: inflation, interest rate, stock price, Ghana stock market

Edition: Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Share this Article

How to Cite this Article?

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye, "Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20162487, Volume 5 Issue 10, October 2016, 1582 - 1587

85 PDF Views | 65 PDF Downloads

Download Article PDF



Similar Articles with Keyword 'inflation'

Informative Article, Economics, India, Volume 9 Issue 8, August 2020

Pages: 925 - 927

Impact of Oil Prices on Economic Growth of India

Ankit Chaudhary

Share this Article

Research Paper, Economics, Indonesia, Volume 5 Issue 8, August 2016

Pages: 1090 - 1096

Analysis the Influence of Internal Factor and External Factor on Yield Bonds Government in 2011-2014

Utami Yuliani, Bambang Juanda, Trias Andati

Share this Article

Research Paper, Economics, China, Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

Share this Article

Research Paper, Economics, Pakistan, Volume 4 Issue 11, November 2015

Pages: 1091 - 1096

Impact of Inflation on Economic Growth in Pakistan

Ayesha Sultan, Faiza Maqbool Shah

Share this Article

Research Paper, Economics, Kenya, Volume 6 Issue 6, June 2017

Pages: 1980 - 1984

Effect of Inflation on Unemployment in Kenya

Moses K Macharia, Aggrey Otieno

Share this Article

Similar Articles with Keyword 'interest rate'

Research Paper, Economics, India, Volume 4 Issue 4, April 2015

Pages: 2954 - 2959

Relative Importance of Income, Interest and Price In The Determination of Demand for Money in India: A Time Series Analysis

Tarun Das

Share this Article

Research Paper, Economics, Indonesia, Volume 5 Issue 8, August 2016

Pages: 1090 - 1096

Analysis the Influence of Internal Factor and External Factor on Yield Bonds Government in 2011-2014

Utami Yuliani, Bambang Juanda, Trias Andati

Share this Article

Research Paper, Economics, China, Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

Share this Article

Research Paper, Economics, Nigeria, Volume 3 Issue 11, November 2014

Pages: 2571 - 2577

Investigation of the Impact of Non-Oil Revenue on Economic Growth in Nigeria

Ude Damian Kalu, Agodi Joy E.

Share this Article

Research Paper, Economics, China, Volume 7 Issue 9, September 2018

Pages: 679 - 684

Evolutionary Game Analysis of New Rural Financial Model under the Background of "Internet +"

Xueqi Zhang

Share this Article

Similar Articles with Keyword 'stock price'

Research Paper, Economics, China, Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

Share this Article

Research Paper, Economics, Indonesia, Volume 4 Issue 4, April 2015

Pages: 2310 - 2314

The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013

Muhammad Mara Ikbar, Andrieta Shintia Dewi

Share this Article

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 1790 - 1793

The Stock Market of Infrastructure Sector: A Weak-Form EMH Test

Adi Gunarso, Hermanto Siregar, Tony Irawan

Share this Article

Research Paper, Economics, Indonesia, Volume 8 Issue 1, January 2019

Pages: 1576 - 1581

Analysis of the Relationship of Macroeconomic Factors to Emerging Market Stock Prices

Endang Mahpudin

Share this Article

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 627 - 633

Banking Subsector: Performance Ratio Influence to Bank?s Stock Prices during the Period 2010 - 2014

Linda Dwi Roswitasari, Noer Azam Achsani, Trias Andati

Share this Article
Top