Purpose: This paper examines the long-run impact of foreign direct investment and trade on economic growth in Ghana. Methodology: Using an augmented aggregate production function (APF) growth model, we apply the bounds testing (ARDL) approach to cointegration which is more appropriate for...

The study examined the linkages between inequality in household expenditure components and total inequality and poverty in Ghana. Using micro data from the sixth round of the Ghana Living Standards Survey conducted in 2012/2013, marginal effects and elasticities were computed for both within-and...

Like all good theories, market efficiency has major limitations, even though it continues to be the source of important and enduring insights. This is a conceptual framework on global financial crisis and Efficient Market Hypothesis (EMH). Despite the theory’s undoubted limitations, the claim...

With local rice production lagging well behind demand as a result of low productivity of farmers’ fields, this study analyzed the response of rice yields in Ghana to major internal and external factors which have direct and indirect effects on production and to producers. Yield of rice was...

Policy makers have been striving through market reforms to ensure proper functioning of agricultural markets and marketing channels to ensure food security, realize welfare impacts from policies, bridge the gap between the affluent and deprived regions. The core of which is due to regional...

This paper examines joint adoption of safer irrigation technologies under uncertainty. The new irrigation technologies introduced in sub-Saharan Africa aim at ensuring safer vegetable production when untreated wastewater is used as irrigation water. The main hypothesis tested is that profit and...

This paper critically examines the trade and exchange reforms that paved way for the implementation of the current flexible, market-based exchange rate regime in Ghana. Using descriptive method, the paper argues that Ghana has succeeded in unifying its exchange rates without the inflationary...

This paper develops a Structural Vector Autoregression (SVAR) model for the Ghanaian economy to estimate the pass-through effects of exchange rate changes to consumer prices. The model incorporates the special features of the Ghanaian economy, especially its dependence on foreign aid and primary...

This paper examines the major drivers of the asset counterpart of the observed money supply in Ghana since the adoption of the Economic Recovery Programmes in Ghana. Using the traditional money multiplier approach, the relative contributions of fiscal financing and capital inflows to the money...

This paper examines the major drivers of the asset counterpart of the observed money supply in Ghana since the adoption of the Economic Recovery Programmes in Ghana. Using the traditional money multiplier approach, the relative contributions of fiscal financing and capital inflows to the money...