Purpose: This paper has examined the effectiveness of foreign aid on Ghanaian economy under different political regimes. Design/methodology/approach: Using vector error correction and co-integration models on the annual data set over a period of 35 years, the authors demonstrate that foreign...

This paper conducts a time series analysis of annual data set from 1980-2010, to study the potential determinants of FDI inflows to Ghana. The paper used modern econometric methodology which includes unit root testing, and co-integration analysis. Both the long-run and short run determinants of...