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Periodical article | Leiden University catalogue | WorldCat |
Title: | Explaining the market power of Ghanaian banks |
Author: | Aboagye, Q.Q. Anthony |
Year: | 2008 |
Periodical: | South African Journal of Economics |
Volume: | 76 |
Issue: | 4 |
Pages: | 569-585 |
Language: | English |
Geographic term: | Ghana |
Subjects: | banks cost-benefit analysis |
External link: | https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2008.00221.x/pdf |
Abstract: | A competitive banking system helps lower transaction costs and risks. It also helps make financial markets more efficient. In Ghana, however, observers believe that the banking industry is not competitive and point to the huge spread between bank lending and borrowing rates as evidence. The Ghanaian banking industry is analysed for evidence of market power by computing the Lerner Index of banks using quarterly data from 2001 to 2006. The evidence is that Ghanaian banks do possess market power. Factors that significantly explain the market power of Ghanaian banks are: bank size, efficiency of banks with respect to staff costs, the macroeconomic environment and time. App., bibliogr., notes, sum. [Journal abstract] |