“The study looks at two main objectives, the asset pricing characteristics and the response to annual earnings announcements of the Ghana Stock Market (GSM). The study hypothesizes that the GSM, as a typical African emerging stock market, is not effici …

“The study looks at the institutional factors affecting the development of the Ghana stock market. Additionally, the study analyses the impact of the listing of Ashanti Goldfields corporation on the development of the Ghana stock market. The study esta …

“This paper looks at the structure of this market, including the major players, the level of activity and availability of currency on the market. The paper also looks at the efficiency of the market. The intention here is to ascertain whether informati …