Corporate disclosure has been said to be very important as it increases the confidence of both shareholders and potential investors. Many factors have been said to influence the level of voluntary disclosure in firms. Various studies have examined the relationship between ownership structure and corporate voluntary disclosures in advance markets and countries like the US, UK, New Zealand and some Asian markets with mix results, few studies have been conducted on emerging markets like Ghana Stock Exchange. Therefore, the purpose of this paper was to investigate the relationship between ownership structure and voluntary disclosure of firms listed on the Ghana Stock Exchange. The study investigated 31 firms using dynamic panel data from 2005 to 2015. The study revealed that government ownership, and foreign ownership have a significant positive correlation with voluntary disclosure. Contrary to this, institutional ownership revealed a significant negative association with voluntary disclosure while no correlation existed between number of shareholders and voluntary disclosure. it is recommended that a comprehensive study be conducted to include unlisted firms as well as SMEs to have an overall picture of the effect ownership structure on voluntary disclosure.
