摘要：This study looked at the profitability of the Telecommunications industry in Ghana from 2002 to 2006. This objective was accomplished by finding the correlation between any two of profitability non-ratio parameters such as NP, EBIT and so on and the correlation between any two of profitability ratio parameters such as NPM, ROA and so on. Trend analysis of all the ratio and non-ratio parameters was also done and the impact of assets, liabilities and revenue on NP, EBIT and GP were accessed. At the industry level, revenue increased 5 times by 2006, taking 2002 as base year. TA and NA increased 4 times each from 2002 to 2006. This was again shown by the perfect positive correlations that existed between the following pairs: NA and ROA, ROE and ROA and DE and DAR. Shareholders' equity increased with industry assets proportionately from 2002 to 2006. Industry NP increased considerably from 2002 to 2006. NPM also increased considerably from 2002 to 2005 and dipped in 2006. SB increased 13 times by 2006 with 2002 as base year. It was also found that SB correlates with the following parameters with correlation coefficient greater than 0.8: NP, TR, EBIT, TA and NA. Only TL recorded a negative correlation with SB with coefficient of -0.98. At the firm level, it was revealed that NCL had so much impact on NP. This information could be used by prospective investors, policy makers and the Government to make informed decisions about the industry.
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