Effect of exchange rate volatility on stock prices In Ghana

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dc.contributor.authorAsare-Kyere, Ransford Kwesi
dc.date.accessioned2020-03-31T13:27:51Z
dc.date.available2020-03-31T13:27:51Z
dc.date.issued2019-04
dc.descriptionUndergraduate thesis submitted to the Department of Business Administration, Ashesi University, in partial fulfillment of Bachelor of Science degree in Business Administration, April 2019en_US
dc.description.abstractThe purpose of this study is to identify the whether there exists a Granger-causing relationship between exchange rate and stock prices. Using the Granger-Causality model as a framework, we employed daily data observations of the Ghana Stock Exchange Composite Index (GSE-CI) and the USD-Cedi exchange rate values across the period 2010 -2018. The data used in the study were obtained from the Bank of Ghana and the Ghana Stock Exchange. Following a Granger-causality test on for causality from exchange rate to stock price change, as well as stock price changes, the results showed that there was neither variable significantly influenced the other. Thus, we concluded that exchange rate changes do not Granger-cause stock price changes or vice-versa. Despite these observations, investors should be aware of other effects of exchange rate in their investment decisions on the stock market.en_US
dc.description.sponsorshipAshesi Universityen_US
dc.identifier.urihttp://hdl.handle.net/20.500.11988/508
dc.language.isoen_USen_US
dc.subjectGhanaen_US
dc.subjectexchange rateen_US
dc.subjectstock priceen_US
dc.subjectGranger-Causality modelen_US
dc.subjectGhana Stock Exchangeen_US
dc.titleEffect of exchange rate volatility on stock prices In Ghanaen_US
dc.typeThesisen_US

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