What Are the Key Drivers of Persistent Ghanaian Political Corruption?

Asomah, Joseph Yaw

doi:10.1177/0021909619826339

Cited by 17 publications

(3 citation statements)

References 25 publications

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“…Nevertheless, since Ghana's independence in 1957, political corruption has been a significant problem in the country (Asomah, 2019). Ghana's Corruption Perception Index (CPI) in 2021 scored 43%, ranking 73 rd out of 180 countries.…”

Section: Institutional Qualitymentioning

confidence: 99%

Pros and Cons of Ghana as a Destination for Foreign Direct Investment

Coffie,

Alcalde-Fradejas,

Ramírez-Alesón

2023

Ghana J. Dev. Stud.

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This study presents an in-depth analysis of foreign direct investments (FDI) determinants in Ghana. Following the typology of Dunning’s motives of FDI location, they are categorised under the resource-seeking, market-seeking or efficiency-seeking FDI they foster. Literature on FDI drivers in Africa was considered and based on the tendency and/or comparison of the most recent official data (2000-2022), the pros and cons of such determinants were identified. The analysis reveals that Ghana presents a mostly favourable profile to attract resource-seeking and market-seeking FDI but a mixed situation in the determinants of efficiency-seeking FDI. This study adds to the FDI literature by categorising the drivers under Dunning’s motives of FDI and studying the evolution of these factors in a specific developing African country (Ghana) in order to reveal the country’s performance with the determinants. Results show that Ghana’s trend is very positive and can become an attractive market for foreign companies. And government and policymakers should continue in the trend of improving their factors to attract and retain foreign investment.

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Section: Institutional Qualitymentioning

confidence: 99%

Pros and Cons of Ghana as a Destination for Foreign Direct Investment

Coffie,

Alcalde-Fradejas,

Ramírez-Alesón

2023

Ghana J. Dev. Stud.

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“…Corruption, which generally means an abuse of power to serve private agendas, is a global problem, and it occurs in both private and public sectors (Asomah, 2019, 2021; Charron, 2014; Friesenbichler et al , 2018; Melgar et al , 2010; Vadlamannati and Cooray, 2017; Zhang et al , 2019; Zheng et al , 2017). In this sense, corruption involves “wrongly getting an advantage, pecuniary or otherwise, in violation of official duty and the rights of others” (Melgar et al , 2010, p. 121).…”

Section: Introductionmentioning

confidence: 99%

What factors are associated with public corruption perception? Evidence from Canada

Asomah¹,

Dim²,

Li³

et al. 2023

JFC

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Purpose Corruption perception is essential to study because it can shape people’s attitudes toward the government. Thus, the purpose of this paper is to address this key question: what factors are associated with a non-expert’s judgment of whether Canada is corrupt? Design/methodology/approach This study uses the World Value Survey conducted in Canada in October 2020. This survey is based on a nationally representative sample of a cross-section of adult Canadian residents, including Canadian citizens and permanent residents and those who are neither Canadian citizens nor permanent residents. Findings Based on this study, some conclusions can be made. First, people accessing corruption news from the traditional news media are less likely than those receiving information from the new media to perceive the state (in this case, Canada) as corrupt. Second, people who have less confidence in public institutions are more likely to perceive a country as corrupt. Third, people who participate in electoral and non-electoral forms of political participation are more likely to perceive the state and its public officials as corrupt. Fourth, regardless of which political party is in power, individuals who lean right politically are more likely than those on the left to perceive the state as corrupt. Finally, immigrants are less likely than those born in Canada to perceive the state as corrupt. This work enriches the literature on the substantive understanding of the factors associated with corruption perception. Originality/value Studies investigating factors associated with public perception of corruption tend to focus on developing countries. The current study contributes to filling this gap in knowledge by examining correlates of corruption perception in Canada. As a result, this study contributes to the literature on factors associated with corruption perception, especially in the developed country context.

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“…Ghana is a developing country located in the West African sub-region, characterised by economic underperformance, weak legal and regulatory frameworks, illiquid stock markets, and frequent market interventions by government agencies (Tsamenyi et al 2007). According to Asomah (2019) andTransparency International (2020), successive Ghanaian governments have claimed to be fighting corruption, but little success has been achieved so far. This points to a lack of accountability, transparency, and integrity in the environment in which Ghanaian banks operate, and this influences their risk culture.…”

Section: Introductionmentioning

confidence: 99%

The Perceived Relationship between Risk Culture and Operational Risk Management Practices of Ghanaian Banks

Grebe,

Marx

2023

JRFM

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The Bank of Ghana (BoG) joined the Basel Consultative Group (BCG) of the Basel Committee on Banking Supervision (BCBS) in 2021 and is proceeding with the implementation of the Basel III international regulatory framework for Ghanaian banks. The purpose of this study was to assess the perceived relationship between risk culture and aspects of operational risk management among Ghanaian banks. This study followed a positivist paradigm and made use of a survey among the risk management staff members of Ghanaian banks. The data were analysed using both descriptive and inferential statistics, such as the Mann–Whitney U test and a multiple regression model. This study found significant perceived relationships (at the 5% level of significance) between risk culture and monitoring and reporting procedures, the three lines of defence (3LOD), compliance, internal auditing, disclosure of operational risk information, and guidance from the banking regulator. The respondents reported the following challenges with their banks’ risk culture (in order of priority): training and development, communication, reporting and disclosure, roles and responsibilities, performance appraisal, and technological and environmental barriers. Recommendations for addressing these challenges are provided.

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What Are the Key Drivers of Persistent Ghanaian Political Corruption?

Cited by 17 publications

References 25 publications

Pros and Cons of Ghana as a Destination for Foreign Direct Investment

Pros and Cons of Ghana as a Destination for Foreign Direct Investment

What factors are associated with public corruption perception? Evidence from Canada

The Perceived Relationship between Risk Culture and Operational Risk Management Practices of Ghanaian Banks

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