Purpose

The purpose of this paper is to propose an implementation framework for governance in the Ghanaian securities trading industry.

Design/methodology/approach

A qualitative research approach was followed, using participatory action research (PAR) by involving stakeholders from the Ghanaian securities trading industry.

Findings

A governance framework for the Ghanaian securities trading industry is proposed, taking into account the regulatory environment of Ghana, the role of ethical leadership, boards of directors, audit committees, the governance of risk, information technology and internal audit.

Research limitations/implications

This study used PAR because it is a recognised research methodology aimed at problem resolution, knowledge creation and improving professional practice, through the involvement of the interest group. This paper provides a starting point – a practical solution for the securities industry of Ghana, but not generalisable results.

Practical implications

Applying the governance framework will create safeguards against corruption and mismanagement, promote transparency in economic life and assist Ghana in attracting investment, ultimately lowering its cost of capital and contributing to economic growth and development in the country.

Social implications

The implementation of the governance framework will benefit all stakeholders (employees, suppliers and the community at large) as a result of a culture conducive to influencing behaviour, strategy planning and implementation, as well as corporate results and financial sustainability.

Originality/value

The use of PAR assists the practitioners from the Ghanaian securities trading industry in improving their competencies (knowledge, skills, values and attributes) whilst generating a workable solution for their current governance challenges.

中文翻译：

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迈向加纳证券交易行业治理的实施框架

目的

本文旨在为加纳证券交易行业的治理提出一个实施框架。

设计/方法/方法

遵循定性研究方法，使用参与式行动研究 (PAR)，让加纳证券交易行业的利益相关者参与其中。

发现

考虑到加纳的监管环境、道德领导的作用、董事会、审计委员会、风险治理、信息技术和内部审计，提出了加纳证券交易行业的治理框架。

研究限制/影响

本研究使用 PAR，因为它是一种公认​​的研究方法，旨在通过利益团体的参与来解决问题、创造知识和改进专业实践。本文提供了一个起点——一个适用于加纳证券业的实用解决方案，但不是可推广的结果。

实际影响

应用治理框架将为反腐败和管理不善提供保障，提高经济生活的透明度，并协助加纳吸引投资，最终降低资本成本并促进该国的经济增长和发展。

社会影响

治理框架的实施将使所有利益相关者（员工、供应商和整个社区）受益，因为这种文化有利于影响行为、战略规划和实施，以及公司业绩和财务可持续性。

原创性/价值

PAR 的使用帮助加纳证券交易行业的从业者提高他们的能力（知识、技能、价值观和属性），同时为他们当前的治理挑战提供可行的解决方案。