CHALLENGES IN PROMOTING ECONOMIC GROWTH OF GHANA THROUGH VALUE ADDED EXPORTS

Isaac Ibrahim () and Haiyun Liu ()
Additional contact information
Isaac Ibrahim: School of Economics, Huazhong University of Science and Technology, Wuhan
Haiyun Liu: School of Economics, Huazhong University of Science and Technology, Wuhan

CBU International Conference Proceedings, 2018, vol. 6, issue 0, 193-199

Abstract: Ghana is endowed with natural resources such as gold, cocoa, crude oil, and other factor endowments that gives the country a comparative advantage in trade. Ghana, a low-middle income country, is the second largest producer of gold in Africa and 11th in the world, as well as the second largest exporter of cocoa in the world. With all the factor endowments and export potential however, the country exports basically raw materials with little value addition and therefore is deprived of the full benefits accruing to trade and exports.This paper employs an empirical method and applies the Ricardian Model of Comparative Advantage using available secondary data to explore the importance of exports to the economic growth of the country and certain challenges of value addition. The findings show that exports promote economic growth as well as that value addition can be beneficial in earnings and needs government attention in following the recommendations therein.

Keywords: Comparative AdvantageExport led; International trade; Value Added; Ghana; Challenges (search for similar items in EconPapers)
JEL-codes: F1 F14 Q17 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ojs.journals.cz/index.php/CBUIC/article/view/1155/1695 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:6:y:2018:i:0:p:193-199

DOI: 10.12955/cbup.v6.1155

Access Statistics for this article

More articles in CBU International Conference Proceedings from ISE Research Institute
Bibliographic data for series maintained by Petr Hájek ().