The impact of foreign direct investment on Ghana's capital market
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2010-06
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Abstract
The objective of this study is to review and ascertain whether there is a
positive or negative impact of foreign direct investment on the six selected
companies. In addition, the study will examine how these impacts trickle
down to the industry the six companies operate in and to the capital market
as a whole.
In order, achieve this objective, the following research questions were used
as a guide to the study.
To what extent has FDI affected Ghana's capital market?
What are the benefits of FDI support to the economy?
Both Primary and Secondary data were collected to draw a conclusion to the
study. Interviews were conducted in six selected companies and other
organisations such as the Ministry Trade and Industry, Ghana Investment
Promotion Centre, Ministry of Finance and the Ghana Stock Exchange in
order to draw a valid conclusion.
The result of the study indicated that there is a positive impact of foreign
direct investment on the selected companies and the stock market in Ghana
as well. These companies with FDI support do not only benefit from the
financial resources but are also competing keenly in their various industries
to be the market leaders.
Although the study was conducted on only six listed companies on the stock
market, the impact in the selected companies and the stock market is very
significant.
Companies are therefore encouraged to seek FDI support as one way to
improve their operations.
Description
Thesis submitted to the Department of Business Administration, Ashesi University College, in partial fulfillment of Bachelor of Science degree in Business Administration, June 2010
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Keywords
Ghana, foreign direct investment, capital market