This special issue seeks to publish papers pertaining to accounting and finance in a wide field of applications in Ghana. The content is expected to demonstrate the breadth of issues relating to challenges that the application of accounting and finance theories in Ghana encounters.
Due to the rebasing and revision of Ghana’s national accounts, the country became a lower middle-income country which resulted in the tax revenue-to-GDP ratio being reduced from 22 percent to 13.1 percent in 2010. More so, annual inflow of capital from crude oil and natural gas production into the Ghanaian economy began from the first quarter of 2011 when Ghana started producing crude oil and natural gas in commercial quantities. In the first and second financial quarters of 2013, Ghana produced 115,000-200,000 barrels of crude oil and 140-200 million cubic feet of natural gas per day.
Statistics show that in 2011 Ghana led the world as the fastest growing economy, with 20% growth and the largest per capita income (PCI) in West Africa and 21st largest in the African continent. Ghana enjoyed continuous reduction of inflation during 2007 and 2010 and by July 2010 the inflation rate was at 9.46%. However, in 2013 the local currency suffered 17 per cent depreciation leading to an increase in the general prices of imported goods and services.
Academic institutions in emerging economies in general have not established appropriate mechanisms to link with government departments and agencies; they therefore do not comprehend the role of accounting, finance and economic research in their countries. These institutions overall cannot see that research will contribute to sustainable economic development. The literature in accounting, finance and sustainable economic development in developing countries is at its embryonic stage and one of the principal purposes of this special issue is to focus on the pragmatics of informing management action/practice, the translation of existing theories into forms relevant, digestible and amenable to practical action, and the development of new insights by examining leading-edge managerial practices to enhance organisational performance.
This issue encourages those researching in the specific areas of accounting, finance and economics implementation to bring together empirical evidence garnered throughout the Ghanaian communities. It aims to provide a venue for academics and practitioners from Ghana to advance the debate of the role of accounting, finance and economic development in Ghana. Empirical papers in relation to these topics are welcome.
Suitable topics include, but are not limited to, the following:
- Environmental accounting and management reporting for oil and gas
- Performance management and measurement of emerging network organisations and the issues of control, rewards, recognition and management
- Tax-induced earnings management
- Market-to-market accounting rules and earnings management during mergers and acquisition
- IFRS, market behaviour, corporate financing and investment decision
- Asset pricing
- Bank assurance, banking crises, investment banking, central banks
- Corporate governance, operational risk control and financial performance
- Microfinance, SME and informal sector finance
1-2 page abstract submission (by email): 2 March, 2015
Submission of manuscripts (online): 4 May, 2015
Notification to authors: 18 June, 2015
Second round of reviews: 13 July, 2015
Final versions due: 24 August, 2015