Assessment of financial system and economic growth: An empirical evidence from Ghanas stock market

The importance of a country’s financial system to its economic well-being cannot be underestimated. This paper seeks investigate whether causation exists between Ghana’s and growth. was measured using the efficiency, depth, stability stock market, while growth as Gross Domestic Growth (GDP) per capita measurement variables were purposively sampled from 2008 2020, spanning thirteen years time series data. granger causality approach employed test system’s growth’s causation. In analysis data, study Augmented Fuller Dickey (ADF) Phillip Perron (PP) stationarity series, Jerque Bera Variable normality data VAR Johansen cointegration order integration among variables. statistical revealed that not cointegrated at level; there unit root in series. There no long or short run relationship Furthermore, regressors’ market proxies for Ghana do cause It is recommended regulatory bodies should pursue policies would improve effectiveness, other aspects focus less on due discovered   Keywords: Financial system, growth, market.