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Impact of Economic and Financial Crimes on the Economy of Ghana

Authors: ADEGBIE FOLAJIMI

Publication Type: Journal article

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VVU Journal of Business Research,Valley View University,Accra,Ghana August 2015 Volume i No 1 pp.106-121. There is a high incidence of economic and financial crimes in the world. These crimes have become serious threat to the survival and growth of all forms of businesses and national economies all over the world. They have great negative impact on businesses, national economies and the world at large. These negative effects encouraged the identification and the measurement of the cost of crimes and their impact in economic literature. However, the impact of these economic and financial crimes on the economy of Ghana has not been fully espoused. Therefore this research examined the impact of economic and financial crimes on the economy of Ghana.Simple linear regression was used to analyze secondary data of the cost of reported economic and financial crimes covering 2003-2013.It was found that cost of economic and financial crimes have weak positive impact on GDP the surrogate of Ghana economy. This might be as a result of some crimes not reported and or detected. This research therefore recommended that, more effort should be exerted to detect these crimes since they also have qualitative effect such as, wrong allocation of resources, insecurity, and distruct among others.

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ADEGBIE,F. . (0000). Impact of Economic and Financial Crimes on the Economy of Ghana, 0 (), 0-0.

ADEGBIE,F. . "Impact of Economic and Financial Crimes on the Economy of Ghana" 0, no (), (0000): 0-0.

ADEGBIE,F. and . (0000). Impact of Economic and Financial Crimes on the Economy of Ghana, 0 (), pp0-0.

ADEGBIEF, . Impact of Economic and Financial Crimes on the Economy of Ghana. 0000, 0 ():0-0.

ADEGBIE,FOLAJIMI , . "Impact of Economic and Financial Crimes on the Economy of Ghana", 0 . (0000) : 0-0.

A.FOLAJIMI , "Impact of Economic and Financial Crimes on the Economy of Ghana" vol.0, no., pp. 0-0, 0000.

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