This study seeks to find out whether financial development in Ghana conforms to either the Supply-leading, demand-following or Patrick’s Stages of development hypotheses. A bivariate VAR model is estimated in four scenarios, after which Granger-causality Test, Impulse Response Function and...

Migrant remittances have become a source of external finance whose magnitude exceeds the amount of official development assistance in some developing countries. Balance of payments statistics from the Bank of Ghana indicate the amount of remittances to Ghana exceeds ODA and is a potential force...

In 2003, the government of Ghana and its development partners agreed on an aid package dubbed the multi-donor budgetary support (MDBS), which would ensure continuous flow of aid to finance the government's poverty related expenditures. This paper examines the MDBS, specifically focusing on how...

Agriculture plays an important role in terms of employment and its contribution to gross domestic product in many African countries. Thus, any policy initiative targeted towards poverty reduction in Africa should consider the agricultural sector as the ma

Purpose – The purpose of this paper is to investigate household financial choice and the determinants of financial services in rural and urban households in Ghana. Design/methodology/approach – Data from the Ghana Living Standard Survey 5 (GLSS 5) are used to estimate the participation of a...