Macroeconomic determinants of mutual funds performance in Ghana

This study examines the impact of key macroeconomic variables on mutual funds’ financial performance in Ghana. We employ Pooled Mean Group (PMG) estimation Autoregressive Distributed Lag (ARDL) model to analyze determinants funds Ghana for period 2007–2016. The documents homogenous long-run significant positive impacts exchange rate, inflation, T-Bill, GDP growth performance, and a homogeneous negative monetary policy rate funds. also establishes heterogeneous short-run respective T-Bill fund’s performance. Unlike many previous studies that used stock data estimate accounting is this study. Second, we incorporate our since most prior ignored variable. Finally, outcome contributes existing knowledge effects from perspectives developing country.