There has been profuse development in the stock markets all over the world in the past decades. The 21st century has seen intriguing changes in the stock markets in both developed and emerging economies.

This paper examines the weak-form efficiency of listed firms on the Ghana Stock Exchange GSE by applying the Random Walk Hypothesis using weekly closing stock prices on the GSE from January, to June, The GSE financial market returns series exhibit volatility clustering that shows an indication of inefficiency on the GSE.

The results of market efficiency ghana stock exchange the descriptive statistics of the weekly market returns and the normality what is prepaid forex card show that returns from GSE did not follow the normal distribution.

The study recommends that transaction cost should be reduced to improve the market activities of the GSE. Also, efforts should be intensified to get as many firms as possible to be listed on the stock market to enhance competition among stocks.

Stock Market Efficiency of Ghana Stock Exchange: An Objective Analysis | Ayentimi Tutu - odomujekadox.web.fc2.com

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Market Returns and Weak-Form Efficiency: the case of the Ghana Stock Exchange

Advanced Search Include Citations. Stock Market Efficiency of Ghana Stock Exchange: An Objective Analysis Cached Download Links [www. Save to List Add to Collection Correct Errors Monitor Changes. Abstract There has been profuse development in the stock markets all over the world in the past decades.