The Effect of Working Capital Management of Ghana Banks on Profitability: Panel Approach
Benjamin Yeboah, Michael Yeboah

Abstract
This paper examines the working capital management of Ghanaian banks on profitability during the period 2005– 2010 using panel regression models. More specifically, we investigate whether the working capital management of selected Ghana banks is associated with more profitability. Our empirical findings suggest that cash conversion cycle is inversely related to bank’s profitability marginally. In particular, we find that leverage of the banks exhibit statistically significantly a positive impact on banks’ profitability.

Full Text: PDF