Interest rates and exchange rates negatively impact stock prices in Ghana.
The study looked at how different economic factors affect stock prices in Ghana from 1991 to 2010. They used a special model to see how these factors influence stock prices in the long and short term. The results showed that interest rates and exchange rates have a negative impact on stock prices, while inflation has a positive impact. Overall, the economic factors studied have a low but significant influence on stock price movements in Ghana.