African Journal of Procurement, Logistics & Supply Chain Management

Evaluating the Impact of Monetary Policy on Private Sector Credit in Selected Sub-Saharan African Countries

Michael Kwakye — 2025-04-14

The analytical framework centered on the Dynamic Model, specifically utilizing the System GMM (Generalized Method of Moments). The empirical findings unveiled that broad money supply and gross domestic savings exert a positive influence on facilitating financial support for private enterprises. Conversely, inflation and real interest rates negatively impacted the provision of credit to non-public entities. Drawing from these insights, the study proposes that African governments should formulate monetary policy frameworks aligned with the overarching goal of fostering economic growth through heightened credit accessibility for the non-state sector. Furthermore, it recommends strategic considerations for mitigating interest rates, recognizing the inhibitory effects of elevated rates on the accessibility of private sector credit. These recommendations underscore the importance of tailoring monetary policies to support and propel the growth of private businesses in the African context.

The Role of Dynamic Supply Chain Capability on Sustainable Supply Chain Management Practices and Performance.

Suzzy Krist Addo — 2025-04-14

In today's rapidly evolving business environment, achieving sustainability and competitiveness in supply chain management (SCM) has become a critical priority for organisations. This study explores the role of Dynamic Supply Chain Capabilities (DSCC)—encompassing agility, adaptability, and resilience—in shaping Sustainable Supply Chain Management (SSCM) practices and their impact on Supply Chain Performance. Drawing on Dynamic Capabilities Theory and the Resource-Based View (RBV), the research investigates how organisations can leverage DSCC to integrate economic, environmental, and social considerations into their supply chain operations.

Using a quantitative research design, data was collected through structured questionnaires from supply chain professionals across various industries. Descriptive and inferential analyses examined the relationships between DSCC, SSCM practices, and supply chain performance. The findings reveal that organisations with strong DSCC are better equipped to sense environmental changes, seize opportunities, and reconfigure resources, leading to improved sustainability outcomes. Key areas of strength include supplier collaboration, process reengineering, and product reliability. However, the study identifies room for improvement in circular economy practices, on-time delivery, and customisation capabilities.

The study contributes to the literature by providing empirical evidence of the DSCC-SSCM-performance relationship and offering a comprehensive framework for understanding how dynamic capabilities drive sustainable supply chain transformation. It provides practical recommendations for organisations seeking to enhance their supply chain resilience, sustainability, and overall performance. By addressing gaps in decision-making, execution, and customer responsiveness, organisations can better navigate market uncertainties and achieve long-term sustainability goals.

Strategies for Enhancing Sustainability in Procurement Processes: A Framework for Achieving Environmental, Social, and Economic Goals

Suzzy Krist Addo — 2025-04-14

In an era of escalating environmental degradation, social inequities, and economic uncertainties, sustainable procurement has emerged as a critical strategy for organisations to align their operations with global sustainability goals. This research explores strategies for enhancing sustainability in procurement processes and proposes a comprehensive framework that integrates environmental, social, and economic considerations.

Drawing on existing literature, case studies, and empirical data, the study identifies key practices such as green procurement, ethical sourcing, circular economy integration, and supplier diversity while highlighting the role of digital technologies like blockchain, artificial intelligence (AI), and data analytics in enhancing transparency and efficiency. The findings reveal that sustainable procurement offers significant benefits, including reduced environmental impact, improved operational efficiency, and cost savings. However, it also faces challenges such as high upfront costs, supplier capability gaps, and the complexity of measuring sustainability outcomes.

The study underscores the importance of stakeholder collaboration, standardised metrics, and alignment with global frameworks like the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement. By adopting the proposed framework, organisations can balance the triple bottom line profit, people, and the planet while contributing to global sustainability targets. This research provides actionable insights for organisations seeking to embed sustainability into their procurement strategies, ultimately fostering a more sustainable, equitable, and resilient future.

Assessing the Effect of Monetary Policy on Private Sector Credit in Selected Sub-Saharan Countries

Michael Kwakye — 2025-04-14

The primary objective of this research was to scrutinize the impact of monetary policy on private sector credit across Sub-Saharan African countries. Employing the positivism method, the study embraced an explanatory research design, targeting the entire spectrum of Sub-Saharan African nations as its population. A purposive selection technique, specifically the convenience sampling method, was applied to focus on a subset of 12 Sub-Saharan African countries, covering the period from 1995 to 2021, spanning 26 years. This resulted in a sample size of 312 observations. For a nuanced analysis of the data, Stata v.16 was employed as the preferred software for panel data analysis. The analytical framework centered on the Dynamic Model, specifically utilizing the System GMM (Generalized Method of Moments). The empirical findings unveiled that broad money supply and gross domestic savings exert a positive influence on facilitating financial support for private enterprises. Conversely, inflation and real interest rates demonstrated a negative impact on the provision of credit to non-public entities. Drawing from these insights, the study proposes that African governments should formulate monetary policy frameworks aligned with the overarching goal of fostering economic growth through heightened credit accessibility for the non-state sector. Furthermore, it recommends strategic considerations for mitigating interest rates, recognizing the inhibitory effects of elevated rates on the accessibility of private sector credit. These recommendations underscore the importance of tailoring monetary policies to support and propel the growth of private businesses in the African context.

The Effect of Monetary and Fiscal Policy on the Financial Performance of Listed Banks in Ghana

Michael Kwakye — 2025-04-14

This comprehensive study evaluates the effects of monetary and fiscal policies on the financial performance of Ghana's listed commercial banks and how those effects influence the country's economy. The study used a contemporaneous, deductive, explanatory, and case study technique, utilizing primary sources (questionnaires) and secondary sources (document analysis) in a cross-sectional inquiry. The data was statistically analyzed utilising thematic, descriptive, and inferential statistical analyses using the SPSS software. Using the correlation matrix to analyse inferential statistics data shows that government spending, taxes, inflation rate, and ROA and ROE have a statistically significant positive correlation with earnings quality. Management operational efficiency statistically and adversely correlates with ROA and ROE at a 95% confidence level. GDP growth and liquidity measurements, on the other hand, had a statistically negligible negative correlation with ROA and ROE. There is a positive and strong correlation between the adjusted R square of fiscal policy instruments and the internal control factors of 42.1%, 38.3%, 87.0%, and 68.1%, respectively.