 EXAMINATION OF MONETARY VARIABLES ON THE GHANAIAN ECONOMY (1990 – 2013)Isaac Yaw Opoku,
Frank Osei-Gyimah and
Patrick Enu
Post-Print from HAL Abstract: This study analyzed the behaviour of the Ghanaian economy since 1990s. The focus was on some selected monetary variables (Interest rate, inflation and exchange rate). The simple statistical tools employed were line graphs, correlation and the Ordinary Least Squares estimation technique. In line with the background information the study revealed that inflation and interest rate fluctuates since 1990s with the exception of exchange rate which gained a positively sloped over the years (1990 – 2013). In terms of association between the variables, the study further revealed a weak negative association between inflation and economic growth. There was also a fair association between interest and economic growth and lastly, there was a strong positive relationship between exchange rate and economic growth. In terms of marginal effects, exchange as well as inflation was found out to significantly affect the performance of the Ghanaian economy at 1% and 10% level of significance respectively. Therefore, there should be exchange rate stabilization policy to achieve economic growth in Ghana. Date: 2015-10-02 Published in Journal of Global Economics, Management and Business Research, 2015, 5 (2), pp.125-132 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05364413 Access Statistics for this paper More papers in Post-Print from HAL |
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