To see the other types of publications on this topic, follow the link: Investments, Foreign – Ghana.
Journal articles on the topic 'Investments, Foreign – Ghana'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Investments, Foreign – Ghana.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Mamphey - Otibo, Dorothy. "A Comparative Study of Foreign Investment Laws in Ghana and South Africa: –A Review." International Journal of Technology and Management Research 2, no. 3 (March 12, 2020): 17–27. http://dx.doi.org/10.47127/ijtmr.v2i3.63.
Full textAbstract:
Over the last decade, Ghana and South Africa have been among some African countries that have become more entrenched in foreign direct investment (FDI). The past quarter of the century has witnessed a remarkable growth in world foreign direct investment flows, coupled with the evolving investment strategies of national policies globally. This paper examines and compares the legislative frameworks and regulatory policies governing FDIs in South Africa and Ghana and the hurdles that need to be overcome to ensure smooth implementation of these policies. This has become evident in their current enactment of their regulations with the object of promoting investments in these economies. However, these jurisdictions have restrictions placed on their regulations; hence, putting frustrations on foreign direct investments. It appears that although in terms of overall statutory FDI regulations, African countries are on the average not more restrictive than other developing nations, some of these countries have obstacles that are both severe and restrictive such as land ownership, whether discriminatory or general in nature, act as an important deterrent to foreign investment. This discussion would focus on comparing restrictions imposed by legislation or policies affecting Soith Africa anf Ghana with regards to foreign direct investment. And disputes that emerge due to the restrictions among the jurisdictions.Keywords: Foreign Direct Investment, Economic Growth, International Law, Legislative Framework, Regulatory Bodies, Bilateral Investment Treaties.
2
Páral, Martin, and Petr Blížkovský. "Globalisation and Food Sovereignty: Impact of Foreign Direct Investments and Government Expenditure in Ghana in 2001–2010." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 67, no. 1 (2019): 325–31. http://dx.doi.org/10.11118/actaun201967010325.
Full textAbstract:
The article looks at the globalisation effects on food availability in Ghana. The aim of the article is to analyse which of the selected macroeconomic indicators have a statistically significant impact on the increase of food availability in the country. Impacts of foreign direct investments on agriculture and government expenditures in agriculture have been tested. Correlation analyses and multiple regression analyses have been used to analyse the test results. Findings suggest that change in both foreign direct investments in agriculture and government expenditures in agriculture cause significant change in food availability in Ghana. At the same time, the impact of government expenditures on the amount of available food is in the case of Ghana more than two‑times higher than the impact of agricultural foreign direct investments, while the increase in government expenditures in agriculture does not cause a decrease in foreign direct investments in agriculture.
3
Otoo, Henry, Sampson Takyi Appiah, Albert Buabeng, and M. Apodei. "Testing Causality and Cointegration of Savings and Investment In Ghana." European Journal of Engineering Research and Science 5, no. 2 (February 10, 2020): 132–37. http://dx.doi.org/10.24018/ejers.2020.5.2.1734.
Full textAbstract:
This paper sought to identify the causal relationship between saving and investment in Ghana as these econometric indicators serve as a measure for the economic development and wellbeing of developing countries. Annual time series of Saving and Investment in Ghana spanning from 1980 to 2017 were considered. First, the Augmented Dickey-Fuller (ADF) and the Elliott-Rothenberg-Stock (ERS) tests are carried out to determine the integration order of saving and investment data series. The Johansen's trace and maximum eigenvalue tests for cointegration were performed to ascertain the level of cointegration which suggested a long-run relationship between the saving and investment in Ghana despite potential deviations in the short-run. Finally, the Granger Causality test suggested saving as having a causal relationship with investment, while the reverse indicated no relationship. The study, therefore, recommended intensifying saving, both at the national and household level as a crucial direction for consideration if Ghana intends to finance her investments rather than relying mostly on foreign aid.
4
Nyanyi, Kingsley David Kojo. "PROSPECTS AND CHALLENGES OF THE GHANA INVESTMENT PROMOTION CENTRE (GIPC) IN PROMOTING FOREIGN DIRECT INVESTMENT IN GHANA." International Journal of New Economics and Social Sciences 11, no. 1 (June 30, 2020): 139–70. http://dx.doi.org/10.5604/01.3001.0014.3538.
Full textAbstract:
The purpose of the study was to examine the prospects and challenges of the Ghana Investment Promotion Centre (GIPC) in promoting foreign direct investment in Ghana. Descriptive survey research design was employed for this study. The populations of interest for this study are staff and management of GIPC. Convenience sampling method was adopted. The main instrument that was used to gather data was an open-ended questionnaire. The study found that the GIPC is mandated to formulate investment promotion policies and plans, promotional incentives and marketing strategies to attract foreign and local investments in advanced technology industries and skill-intensive services which enjoy good export market prospects; initiate and support measures that will enhance the investment climate in Ghana for both Ghanaian and non-Ghanaian enterprises. The study found inadequate infrastructure, inhospitable regulatory environments, macroeconomic instability, inadequate Employees, inadequate support from Investors and financial challenge as the major challenges facing GIPC in promoting FDI. Moreover, the study also found the following as the strategies that can be used to effectively to promote FDI in Ghana; providing financial support to GIPC, getting enough infrastructure to facilitate the activities of the Centre, appointment of qualified staff to occupy positions in the GIPC, employing more employees to help GIPC to effectively carry out its mandate, registration should be relatively easy and the entire process of establishing a business in Ghana should not be complex, provision of hospitable regulatory environments, ensuring macroeconomic stability, investment generation and facilitation and reducing minimum equity requirements
5
Gameli Djokoto, Justice, Francis Yao Srofenyoh, and Kobla Gidiglo. "Domestic and foreign direct investment in Ghanaian agriculture." Agricultural Finance Review 74, no. 3 (August 26, 2014): 427–40. http://dx.doi.org/10.1108/afr-09-2013-0035.
Full textAbstract:
Purpose – The purpose of this paper is to investigate the effects of foreign direct investment (FDI) into agriculture on domestic investment in agriculture. Design/methodology/approach – Time series data from 1976 to 2007 was fitted to a derived model. Findings – Foreign direct investment into agriculture crowd-in domestic investment into agriculture. Research limitations/implications – A targeted approach that will attract foreign direct investment into agriculture is required as to complement existing efforts at boosting domestic agricultural investment. Originality/value – Numerous papers investigated the relationship between foreign direct investment and domestic investment at the aggregate national and regional levels. However, the evidence for this relationship has been conflicting. That for agriculture is rare. For Ghana, a developing agrarian economy that has promoted foreign direct investment for some decades now, it is imperative to establish the relationship between foreign direct investments and domestic investment. Also, the estimation was based on a theoretically derived model.
6
Ezeji E, Chigbu, Ubah Chijindu Promise, and Chigbu Uzoamaka S. "Impact of Capital Inflows on Economic Growth of Developing Countries." International Journal of Management Science and Business Administration 1, no. 7 (2015): 7–21. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.17.1001.
Full textAbstract:
This study examines the impact of capital inflows on economic growth of developing economies; the case of Nigeria, Ghana and India from 1986-2012. This is necessitated by the doubts being raised as whether the huge inflows of foreign capital in developing economies over the years have transmitted to real economic growth. Augmented Dickey Fuller unit root test was employed to evaluate the stationarity of the data, while Johansen Co-integration was used to estimate the long-run equilibrium relationship among the variables. The casual relationship was tested using Granger Causality, and Ordinary Least Square method was used to estimate the model. The findings reveals that capital inflows have significant impact on the economic growth of the three countries. In Nigeria and Ghana, foreign direct and portfolio investment as well as foreign borrowings have significant and positive impact on economic growth. Workers’ remittances significantly and positively related to the economic growth of the three countries. The enabling environment should be created in the developing countries to encourage more inflow of foreign investments and workers remittances. This will help in closing the savings-investment gap and encourage economic growth in these countries. The study signifies that capital inflows is indispensable in closing the savings-investment gap required for economic growth of developing countries.
7
LAMBERT, KERI. "‘IT'S ALL WORK AND HAPPINESS ON THE FARMS’: AGRICULTURAL DEVELOPMENT BETWEEN THE BLOCS IN NKRUMAH'S GHANA." Journal of African History 60, no. 01 (March 2019): 25–44. http://dx.doi.org/10.1017/s0021853719000331.
Full textAbstract:
AbstractThis study assesses the agricultural sector under the government of Kwame Nkrumah as a dynamic Cold War front. After Ghana's independence in 1957, Nkrumah asserted that the new nation would guard its sovereignty from foreign influence, while recognizing that it needed foreign cooperation and investment. His government embarked upon a development program with an emphasis on diversifying Ghana's agriculture to decrease her dependence on cocoa. Meanwhile, both the United States and the Soviet Union sought to establish footholds in Ghana through agricultural aid, trade, and investments. In the first years of independence, the Ghanaian state encouraged smallholder farming and American investment. Later, in a sudden change of policy, the government established large-scale state farms along the socialist model. This article brings to light the ways that Ghanaians in rural areas engaged with and interpreted the increasingly interventionist agriculture projects and policies of Nkrumah's government.
8
Acquah-Sam, Emmanuel. "Influencers of Inflation in Ghana." European Scientific Journal, ESJ 13, no. 7 (March 31, 2017): 140. http://dx.doi.org/10.19044/esj.2017.v13n7p140.
Full textAbstract:
The effects of inflation on the economic life of the citizenry of a country and the theoretical causes have led to numerous researches in the area. Annual inflation rates in Ghana since 1990 show a fluctuating trend depicting how unsuccessful various governments and policy-makers have battled with changes in the general price level. The theoretical and empirical literature on inflation seem to suggest that the causes of inflation are multifaceted, and time specific, as well as dependent on the level of development of a country. This paper attempts to explore some of major triggers of inflation Ghana for decision-making and implementation as well as adding to existing researches in the area. It uses multiple linear regression analysis based on structural equation modelling through path analysis. It concludes that interest rate, proxied by Treasury bill rates, is the only major variable that has a positive and significant effect on inflation in Ghana with regard to the time period studied. Factors such as GDP growth, market capitalisation, gross fixed investment, and foreign direct investments proved insignificant in influencing inflation in Ghana. This study lends support to the fact that inflation reacts positively to changes in interest rates, therefore, governments and policy-makers must consider it critical when pursuing propoor growth policies.
9
Eshun, Peter Arroja. "Fiscal Policy Reforms and Their Effects on the Economic Viability of Mineral Projects in Ghana." International Journal of Economics and Finance 10, no. 8 (July 4, 2018): 64. http://dx.doi.org/10.5539/ijef.v10n8p64.
Full textAbstract:
Mineral sector regulatory and fiscal policies in Ghana have undergone a lot of reforms over the past three decades in an effort to attract the much-needed Foreign Direct Investment (FDI) into the mineral sector and also to maximise the returns from the exploitation of mineral asset to the country. This paper puts in perspective the effect of changes in fiscal policies on the viability of mineral projects and assesses the general risk associated with investing in the mineral industry of Ghana, using the Sikaman Gold Mining (SGM) Project as a test case. Cash flow, sensitivity and risk analyses of the SGM Project under three fiscal regimes namely: PNDCL 153, Act 703, and amendments to Act 703, indicated the second regime as the most economically favourable as it gave the highest NPV and lowest risk. It is recommended that the government should involve the mineral industry players during such reviews to show all-inclusiveness. Furthermore, mineral investors are advised to explore stability and development agreements to protect their investments in the wake of changes in fiscal policies in the mineral industry of Ghana. Future research could consider comparing the current fiscal regime of Ghana with those of the competing countries within the Sub-Saharan African region to assess whether Ghana could continue to pride itself as a preferred investment destination within the sub-region.
10
Acquah-Sam, Emmanuel. "Determinants Of Capital Market Development In Ghana." European Scientific Journal, ESJ 12, no. 1 (January 29, 2016): 251. http://dx.doi.org/10.19044/esj.2016.v12n1p251.
Full textAbstract:
This study sought to investigate the macroeconomic factors that influence capital market development in Ghana. The study was based on multiple linear regression analysis based on quarterly secondary data spanning from 1991 to 2011. Exploratory data analysis was used to verify and resolve basic assumptions of multivariate analysis. Research tools such as Principal Component Analysis (PCA), Structural Equation Modelling (SEM) through Path Analysis (i.e. Layered Regression technique) and tests of interactions among variables were used to test for the linear relationships between key variables in the estimated equations. The main empirical contribution of this study is that capital market development in Ghana is positively influenced by gross capital formation (GFI) and GDP growth, but negatively influenced by Treasury bill rates (T-BILLS). Inflation and foreign direct investments (FDI) did not prove significant in the estimated equation. These imply that policy-makers in Ghana should promote the growth of real income or output, and physical infrastructural development to enhance capital market development in Ghana. Interest rates and the government of Ghana’s Treasury bill rates must be fixed at reasonable levels to encourage investments in capital market securities. The application of this study is that the results and the estimated model are useful for predicting long run growth paths of capital markets in developing countries when country specific problems are well addressed.
11
Yamoah, David A. "The case of the missing refinery: Can Ghana attract foreign investments to integrate its aluminum industry?" Minerals & Energy - Raw Materials Report 8, no. 4 (January 1993): 21–27. http://dx.doi.org/10.1080/14041049309408498.
Full text
12
Dadzie, Samuel Ato, Richard Afriyie Owusu, Kwarteng Amoako, and Alphonse Aklamanu. "Do Strategic Motives Affect Ownership Mode of Foreign Direct Investments (FDIs) in Emerging African Markets? Evidence from Ghana." Thunderbird International Business Review 60, no. 3 (September 27, 2016): 279–94. http://dx.doi.org/10.1002/tie.21852.
Full text
13
Tian, Ze, Enoch Kwaw-Nimeson, and Grace Opoku Onyinah. "Sparkling Reality: Can Foreign Direct Investments Alone Revive the Akwatia Diamond Mine and Diamond Exports in Ghana?—A Cointegration Analysis." Open Journal of Business and Management 07, no. 04 (2019): 1846–61. http://dx.doi.org/10.4236/ojbm.2019.74127.
Full text
14
Asafo-Adjei, Emmanuel, Daniel Agyapong, Samuel Kwaku Agyei, Siaw Frimpong, Reginald Djimatey, and Anokye M. Adam. "Economic Policy Uncertainty and Stock Returns of Africa: A Wavelet Coherence Analysis." Discrete Dynamics in Nature and Society 2020 (November 22, 2020): 1–8. http://dx.doi.org/10.1155/2020/8846507.
Full textAbstract:
This study explores how global economic policy uncertainty (EPU) shocks comove with stock returns (SR) of eight African countries—Botswana, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, and Zambia. The study employed daily data from December 2010 to December 2019 using wavelet coherence analysis. The results showed that global EPU comoves with most of the SR of African markets and was concentrated in the longer term, especially during the period between 2011 and 2019, although not substantially. The findings indicate that short-term investments in African stocks are less susceptible to global economic policy uncertainty. It is recommended that foreign investors could hedge agaist policy uncertainties by investing in stock listed in African Stock exchanges while appropriate country-level policies are deployed to manage long-term effect of EPU.
15
Jaiblai, Prince, and Vijay Shenai. "The Determinants of FDI in Sub-Saharan Economies: A Study of Data from 1990–2017." International Journal of Financial Studies 7, no. 3 (August 12, 2019): 43. http://dx.doi.org/10.3390/ijfs7030043.
Full textAbstract:
Foreign Direct Investment (FDI) can bring in much needed capital, particularly to developing countries, help improve manufacturing and trade sectors, bring in more efficient technologies, increase local production and exports, create jobs and develop local skills, and bring about improvements in infrastructure and overall be a contributor to sustainable economic growth. With all these desirable features, it becomes relevant to ascertain the factors which attract FDI to an economy or a group of adjacent economies. This paper explores the determinants of FDI in ten sub-Saharan economies: Liberia, Sierra Leone, Ivory Coast, Ghana, Nigeria, Mali, Mauritania, Niger, Cameroun, and Senegal. After an extensive literature review of theories and empirical research, using a set of cross-sectional data over the period 1990–2017, two econometric models are estimated with FDI/GDP (the ratio of Foreign Direct Investment to Gross Domestic Product) as the dependent variable, and with inflation, exchange rate changes, openness, economy size (GDP), income levels (GNI/capita (Gross National Income) per capita), and infrastructure as the independent variables. Over the period, higher inflows of FDI in relation to GDP appear to be have been attracted to the markets with better infrastructure, smaller markets, and lower income levels, with higher openness and depreciation in the exchange rate, though the coefficients of the last two variables are not significant. These results show the type of FDI attracted to investments in this region and are evaluated from theoretical and practical viewpoints. FDI is an important source of finance for developing economies. On average, between 2013 and 2017, FDI accounted for 39 percent of external finance for developing economies. Policy guidelines are formulated for the enhancement of FDI inflows and further economic development in this region. Such a study of this region has not been made in the recent past.
16
Akolaa, Andrews Adugudaa. "Foreign market entry through acquisition and firm financial performance." International Journal of Emerging Markets 13, no. 5 (November 29, 2018): 1348–71. http://dx.doi.org/10.1108/ijoem-05-2017-0162.
Full textAbstract:
Purpose The international market entry strategy by acquisition is one of the critical options for success in international business. The decision to acquire a local firm is expected to impact the post-entry financial performance of the local firm as the acquirers come with proprietary advantages to improve the overall performance of the acquired company. The purpose of this paper is to empirically examine the post-acquisition financial performance of acquired foreign subsidiaries and comparable unacquired local firms in Ghana to determine the effect of foreign acquisition on the financial performance of the local subsidiaries. Design/methodology/approach A quantitative approach was adopted in this study. A sample of 100 locally acquired and non-acquired firms were studied using purposive and convenience sampling method. The research adopted the propensity score matching and the differences in difference methodologies to determine the returns on assets (ROA) of non-acquired local firms and acquired foreign subsidiaries are compared one year pre-acquisition t1 to two years post-acquisition t2. Findings The results demonstrate a higher post-acquisition financial performance of locally acquired foreign subsidiaries in relation to their local counterparts in Ghana. Firms with pre-acquisition modernized ownership structures performed better than state-owned firms and firms with high pre-acquisition absorptive capacity outperformed firms with lower pre-acquisition absorptive capacity. The results also indicate that ROA for acquired local firms in the year of acquisition drops in relation to the year prior to acquisition Research limitations/implications A major limitation of this research is that the relative capability of the parent companies and experience in the transfer of knowledge to the acquired local subsidiaries was not considered. The real impact of the various multinationals would have revealed how the capability and competencies of the different parent companies whose subsidiaries this study considered in the paper make a difference in their performance. The study did not also consider the value of parent company participation in the local management of the acquired subsidiaries. Whereas some acquired firms had parent company staff participating in the local management, others did not have same, thus challenging the performance results without any control of this variable. The other limitation of this research is the fact that it did not also consider the experience of the parent company as a factor that can influence the performance of the subsidiary. The more experienced the parent company is in engaging foreign markets, the more likely the support for the subsidiary will result in higher performance as parent company brings previous learnings. Another limitation of this study is that it measures the financials only (ROA) and hence does not provide a 360° assessment of the subsidiary performance, which includes the operational and overall subsidiary effectiveness. This research has not empirically examined all aspects of foreign acquisitions in Ghana and thus has many aspects for future exploration that other researchers may focus on. The paper has not considered the experience and capability of the parent company to transfer technology, innovation and all the advantages of multinationals to the post-acquisition performance of subsidiaries. More experienced multinationals are most likely to transfer knowledge faster to subsidiaries than less experienced ones, thus likely to show better performance post-acquisition than the less experienced ones. The effect of this phenomenon has not been considered in this study. Parent company participation in the local management of the subsidiary can also make a difference in the post-acquisition performance equation but this has not been considered in this research. Some parent companies actively participate in the local subsidiary management as management support for the subsidiary. This might have some effect on the subsidiary post-acquisition performance but this study does consider this. Other researchers may want to look into this factor. Future researchers may also assess the differences in performance of subsidiaries that are wholly owned and partial owned in Ghana. The performance of Greenfield joint ventures and local firm acquisitions can also be studied. Practical implications Findings of this research has implications for firms using acquisition as foreign market entry strategy to inform the choice of local partners to select for acquisitions as pre-acquisition ownership structure and absorptive capacity of local Ghanaian firms impact post-acquisitions performance. Ghanaian firms also seeking to attract foreign investments into their businesses will also find the results useful as they organize to meet prospective acquirers’ expectations, for example, building their human capacity and ownership structures, developing export and ensuring debt rations to attract potential acquirers. Originality/value Acquisitions as an international market entry strategy continue to gain grounds with lots of research in the area. However, there is scanty research on post-acquisition financial performance, especially in the developing country context, and this paper fills that yawning knowledge gap by comparing acquired and non-acquired local firms in Ghana to determine if foreign acquisitions lead to better ROA.
17
Jeníček, V., and V. Krepl. "Development assistance ." Agricultural Economics (Zemědělská ekonomika) 52, No. 5 (February 17, 2012): 209–24. http://dx.doi.org/10.17221/5018-agricecon.
Full textAbstract:
Development assistance achieved remarkable success in different periods. For example, Botswana and South Korea reached the great development in the 60s after very bad situation, Indonesia in the 70s, Bolivia and Ghana at the end of the 80s, Uganda and Vietnam in the 90s. In these countries development assistance played important role in economic transformation in formulation of the development of politics. The development assistance contributed educational programs and financially supported the development of public sector. The “Green Revolution” – by means of innovations in agriculture, investments and political changes – improved the live conditions of millions people thanks to the collaboration of many bilateral and multilateral donors. But there are some failures with the foreign aide. While the formed dictator of Zaire Mobutu Sese Seko became one of the richest people in the world (and invested his property in abroad), the development assistance did not stop for many years, Zaire (now the Democratic Republic of Congo) is only one example of the situation, where the permanent flows of assistance ignore or support the corruption and in suitable politics of governments. Tanzania received two milliards dollars for building the roads destiny the twenty years. But the roads were destroyed sooner, than the works could be finished because of insufficient maintenance. The study of World Bank brings the conclusions of the new conception of the development assistance: financial assistance works only in suitable political world; the lowering of poverty is possible only with working institutions – political and economic; effective assistance complete the private investments; receiving country is obliged to have public sector in function; the function of public sector is developing on the activity of civil society; patience and good ideas, not only money, can help to reforms in very unfavorable conditions.
18
Last Name, David Prah, and First Name Last Name. "Foreign Direct Investment (FDI) Inflows in Ghana: Sectorial Impact on Economic Growth (GDP)." International Journal of Science and Research (IJSR) 8, no. 1 (January 5, 2019): 949–55. http://dx.doi.org/10.21275/art20194150.
Full text
19
Kulu, Evans, Samuel Mensah, and Prince Mike Sena. "Effects of foreign direct investment on economic growth in Ghana: the role of institutions." Economics of Development 20, no. 1 (August 2, 2021): 23–34. http://dx.doi.org/10.21511/ed.20(1).2021.03.
Full textAbstract:
The role of institutions in both the inflow and the impact of foreign direct investment is of great im¬portance. The quality of institutions in a country can direct investment towards improving growth. This paper analyzes the individual and combined effect of foreign direct investment and institutions on economic growth in Ghana. The paper used the Auto Regressive Distributed Lag (ARDL) tech¬nique for secondary data obtained from 1995 to 2019. All data series, except for the quality institution index, were drawn from the World Bank Development Indicators. Institutional Quality Index data was obtained from the Heritage Foundation’s Economic Freedom Index website. The results of the ARDL model indicate that foreign direct investment and a quality institutional index together have a significantly positive effect on a country’s economic growth compared to their individual effects in both the short and long run. The study recommends that government policies should be aimed at attracting foreign direct investment while strengthening institutions and regulations to enhance output growth.
20
Adabor, Opoku, and Emmanuel Buabeng. "Does Monetary Policy and Foreign Direct Investment Have an Influence on the Performance of Stock Market: Further Empirical Evidence from Ghana." Economics Literature 2, no. 2 (December 31, 2020): 161–76. http://dx.doi.org/10.22440/elit.2.2.4.
Full textAbstract:
Monetary policy, foreign direct investment, and the stock market continue to dominate in discussions in developing countries. However, the linkage between the three variables in empirical literature remains unclear. This study aims to test two separate hypotheses: Firstly, the study examines the effects of monetary policy on stock market performance in Ghana. Secondly, the study also empirically investigates the effect of foreign direct investment on stock market performance in Ghana. Autoregressive Distributed Lag (ARDL) model was employed as an estimation strategy to examine the short and long-run effects using annual time series data from 1990 to 2019. The study revealed that monetary policy rate and money supply exerts a statistically significant negative and a positive effect on stock market performance in both the long and short-run in Ghana, respectively. It was also found that foreign direct investment has significant and a positive effect on stock market performance in Ghana in both the long and short run. Total capital stock and volume traded were also found to exert significant positive and negative impacts on stock market performance both in the short and long run respectively. Based on our findings, we recommend that expansionary monetary policy will be a better option to be carried out to improve the stock market performance in Ghana. Furthermore, government and private partnership may ensure the effective management of the macroeconomic variables to attract foreign direct investment into Ghana to boost stock market performance.
21
Dagbanja, Dominic Npoanlari. "The Changing Pattern and Future of Foreign Investment Law and Policy in Ghana: The Role of Investment Promotion and Protection Agreements." African Journal of Legal Studies 7, no. 2 (July 30, 2014): 253–92. http://dx.doi.org/10.1163/17087384-12302023.
Full textAbstract:
This article assesses the implications of investment promotion and protection agreements (ippas) for domestic investment law and policymaking in Ghana. It reviews the terms of domestic investment legislation prior to and after Ghana entered into ippas to ascertain the differences in the content of domestic laws and the role of the ippas in the changing pattern of foreign investment law and policy in Ghana. The review shows fundamental differences. Whereas, for example, under the pre-investment treaty domestic investment laws, a proposed investment could be admitted only if it would contribute to the national economy, the post-investment treaty domestic investment law requires only minimum capital for admission. What explains the fundamental change in the content of the post-investment treaty domestic law? The literature reveals that the change in government policy from a regulatory to a more investment promotion-oriented policy explains the shift in the content in investment law in Ghana. The post-investment treaty domestic law was enacted against the backdrop of structural adjustment policies that emphasised liberalization. The article argues complementarily that the coming into force of the ippas of Ghana also explains the changing pattern in the content of domestic investment law. Given the definitions of investment and the substantive obligations under the ippas, Ghana could not, even without independent policy change, retain the content of domestic investment law as was the case when she was not party to any ippas. The thesis is that ippas have the effect of limiting regulatory autonomy and will limit future legislative powers of the State in defining the content of domestic investment law and policy. This will ultimately determine the pattern and trend of domestic investment law and policy in Ghana. The article proposes that the ippas should be renegotiated to take into account the constitutional responsibility of the Government to protect the welfare of the people of Ghana.
22
Chigbu, Uzoamaka S., Chijindu Promise Ubah, and Ezeji E. Chigbu. "Study of the Influence of the Banking Sector Development on the Inflows of Foreign Investment in Nigeria and Ghana." International Letters of Social and Humanistic Sciences 72 (August 2016): 63–75. http://dx.doi.org/10.18052/www.scipress.com/ilshs.72.63.
Full textAbstract:
The level of bank development has a determinant effect on the growth potentials of a developing economy. In response, this study examined the impact of banking sector development on foreign investment inflows in the West African countries of Nigeria and Ghana. The study relied on secondary data for analysis and made use of multiple regression technique. However, to ensure the authenticity of our result, Augmented Dickey-Fuller unit root test and Johansen Cointegration techniques were respectively employed to test for the presence unit root and long-run equilibrium relationship in the exogenous variables. Additionally, causal relationships were tested with Granger Causality. It was revealed that banking sector development has a significant influence on foreign investment inflows in the two West African countries. Specifically, domestic credit to private sector and bank deposit rate has significant influence on foreign investment inflows in both countries. Whereas domestic credit to private sector is directly related to the dependent variable in Ghana, it is related inversely in Nigeria. It was also discovered that bank lending rate is significantly and positively related to foreign investment in Ghana. Intermediation efficiency and profitability of banks should be improved by enhancing the capital structure and adopting the appropriate lending rate especially in Nigeria as measures to attract more inflows of foreign investment in both countries.
23
Yakubu, Ibrahim Nandom. "Institutional quality and foreign direct investment in Ghana." Review of International Business and Strategy 30, no. 1 (January 2, 2020): 109–22. http://dx.doi.org/10.1108/ribs-08-2019-0107.
Full textAbstract:
Purpose This paper aims to investigate the impact of institutional quality on foreign direct investment (FDI) in Ghana for the period 1985-2016. Design/methodology/approach The study uses the autoregressive distributed lag (ARDL) approach to examine the relationship between institutional quality along with other controlled variables and FDI. Findings Evidence from the ARDL framework establishes a positive significant effect of institutional quality on FDI irrespective of the time horizon. The results also reveal a significant impact of inflation on FDI in both short and long run, while GDP per capita growth and trade are significant determinants only in the short run. Practical implications The study recommends the instigation of effective policies and strategies that seek to strengthen the quality of institutions, as this provides a conducive investment climate to attract FDI. Specifically, policies that are focused on promoting transparent legal regimes, regulatory reforms, non-corrupt institutions and political stability should be the precedence of policymakers. Originality/value In addition to being a pioneering work on the impact of institutional quality on FDI in Ghana, the main contribution of the study lies in its application of the principal component analysis to generate a single measure of institutional quality based on a number of institutional factors.
24
Benedict, Arthur, Kyei Baffour Tutu, and Afenya Millicent Salase. "Does Foreign Direct Investment Generate Long-Term Growth in Ghana?" Asian Journal of Economic Modelling 9, no. 3 (September 2, 2021): 214–29. http://dx.doi.org/10.18488/journal.8.2021.93.214.229.
Full textAbstract:
In pursuant to sustainable economic growth on the ticket of FDI-led growth hypothesis, the government of Ghana has instituted a myriad of thoughtful policy reforms to help boost the economy to realize a self-sustaining economic growth. To some extent, the policies might have paid off as the country was named the highest recipient of FDI in West Africa in 2018. However, the supposed upsurge in the inflow of foreign direct investment in the country and its expected long-run spillover benefits have not been tangibly felt in the region as the economy continues to oscillate. Therefore, this study utilized two methods; the autoregressive distributed lag model (ARDL) and the variance decomposition method (VDM) to empirically examine economic growth of Ghana as a function of foreign direct investment (FDI) whiles controlling for exchange rate, financial development, trade oppeness and employment rate. The results of the study endorses the FDI-led growth for Ghana by indicating that a positive long run causal impact flows from FDI to economic growth. The findings from the VDM test affirm the results are robust and reliable. Therefore, the study suggests that government should amplify FDI inflow via policies like incentives to draw more foreign investors directly into other sectors other than the conventional sectors gratified by foreign investors.
25
Anarfo, Ebenezer Bugri, Abel Mawuko Agoba, Yakubu Awudu Sare, and Daniel Komla Gameti. "Energy access and foreign direct investment in an emerging market: the Ghanaian perspective." International Journal of Energy Sector Management 15, no. 5 (May 31, 2021): 969–86. http://dx.doi.org/10.1108/ijesm-09-2020-0011.
Full textAbstract:
Purpose This study aims to investigate the impact of energy access on foreign direct investment (FDI) in an emerging market. Design/methodology/approach The study uses the two-stage least square instrumental variables estimation approach to compute the parameters of the model to account for any potential endogeneity and time persistence in energy access. Findings The results show that energy access significantly influences FDI inflows in Ghana. The results of the study also revealed that natural resources and macroeconomic variables such as real interest rate, gross domestic product growth rate are significant determinants of FDI inflows in Ghana. Practical implications The practical implication of this study is that there is a need for energy sector policy reforms in Ghana that would guarantee a secured and continued supply of energy to enhance energy access to boost FDI. Ghana should aim for a cost-effective, stable and environmentally friendly source of energy as an alternative to hydro energy as the main source of its power generation to promote FDI. Also, Ghana should initiate and implement policies aimed at creating an enabling and stable macroeconomic environment, as macroeconomic factors in this study are found to be drivers of FDI. Originality/value This study provides firsthand information on energy access and FDI from the Ghanaian perspective.
26
Owusu-Antwi, George, James Antwi, and Peter K. Poku. "Foreign Direct Investment: A Journey To Economic Growth In Ghana - Empirical Evidence." International Business & Economics Research Journal (IBER) 12, no. 5 (April 27, 2013): 573. http://dx.doi.org/10.19030/iber.v12i5.7832.
Full textAbstract:
Foreign Direct Investment (FDI) has been viewed as a major stimulus to economic growth in developing countries. Its ability to deal with two major obstacles; namely, shortages of financial resources and technology and skills, has made it the center of attention for policymakers in low-income countries in particular. In spite of the significance generated by FDI flows, the flow to developing countries and the world, in general, has witnessed persistent decline over the years. The implication for the drop means that competition to attract FDI has increased as developing countries continue to create the enabling environment to attract foreign investors. Ghana, in particular, has, over the last decade, pursued various forms of economic reforms and liberalization of trade regimes in order to become more competitive in the international financial market. A handful of papers has recently dealt with FDI flows in Ghana. However, most of these studies are concerned with strategic FDI policy to attract FDI flows. The purpose of this study is to empirically determine the factors that influence FDI flows in Ghana, using time series data from 1988 to 2011. Regression analysis was carried out using relevant econometric techniques. The results of the study capture trade openness, exchange rate, natural resources, and infrastructure as the drivers of FDI in Ghana. Macroeconomic variables, such as inflation and per capita gross domestic products, were also registered to impact the determinants of FDI flows in Ghana. The contribution of this paper is that economic liberalization was found to be significant, indicating that policymakers' efforts in liberalizing the economic activities may necessarily translate into significant FDI inflows into the country.
27
Manu, Christiana. "Effect of Globalization on Income Inequality in Ghana." International Journal of Economics and Finance 13, no. 2 (January 5, 2021): 15. http://dx.doi.org/10.5539/ijef.v13n2p15.
Full textAbstract:
Available empirical evidence suggests that globalisation in recent years have had a significant positive impact on various sectors of most economies; however, significant evidence also exists suggesting that this economic process has also accentuated poverty and worsened income distribution in parts of some economies. This study examines the effects of foreign direct investment, trade openness and foreign remittance on income inequality in Ghana. The paper applied the vector error correction model in examining the effect of FDI inflow, foreign remittance and trade openness and income inequality in Ghana. The result indicates Foreign Remittance, FDI, Trade Openness and Gini index, are integrated of order one. Additionally, Johansen’s test for cointegration suggest a long-run relationship between the Gini coefficient (income distribution) and examined independent variables. The study also found out that foreign remittance has a significant negative relationship with Ghana’s income inequality and FDI inflows have no significant impact on Ghana’s income inequality.
28
Manu, Christiana. "Effect of Globalization on Income Inequality in Ghana." International Journal of Economics and Finance 13, no. 2 (January 5, 2021): 15. http://dx.doi.org/10.5539/ijef.v13n2p15.
Full textAbstract:
Available empirical evidence suggests that globalisation in recent years have had a significant positive impact on various sectors of most economies; however, significant evidence also exists suggesting that this economic process has also accentuated poverty and worsened income distribution in parts of some economies. This study examines the effects of foreign direct investment, trade openness and foreign remittance on income inequality in Ghana. The paper applied the vector error correction model in examining the effect of FDI inflow, foreign remittance and trade openness and income inequality in Ghana. The result indicates Foreign Remittance, FDI, Trade Openness and Gini index, are integrated of order one. Additionally, Johansen’s test for cointegration suggest a long-run relationship between the Gini coefficient (income distribution) and examined independent variables. The study also found out that foreign remittance has a significant negative relationship with Ghana’s income inequality and FDI inflows have no significant impact on Ghana’s income inequality.
29
G. Djokoto, Justice. "Characteristics of Foreign Direct Investment into Agriculture in Ghana." International Journal of Technology and Management Research 1, no. 1 (February 17, 2020): 19–27. http://dx.doi.org/10.47127/ijtmr.v1i1.11.
Full textAbstract:
The paper investigated the characteristics of foreign direct investment( FDI) to Ghana's agriculture by examining the flow of funds, projects, employment and possible pre-independence legacies in FDI inflows from Ghana's former partners in colonial relationships and the slave trade. Using moving averages, percentages, cross tabulations and chi-squares tests, to data from 1994-2010, the following conclusions were drawn; a) FDI flows, measured by estimated cost of projects remained stable and low for most part of 1994-2010. However, huge jumps were witnessed after 2008, coinciding with Ghana's second time of successful and peaceful transfer of political power to another government; b) Clustering of agricultural projects in Greater Accra Region, c) a strong attraction of large FDI firms for the crops subsector; d) 75% of the FDI projects are SMEs; e) Among European countries, Ghana's former slave and colonial masters, Britain, Netherlands and Denmark contribute most FDI projects to Ghana's agriculture. Volta Region has strong attraction for projects from Germany. Strategies need to be designed to attract projects beyond Greater Accra, where poverty reduction may be better felt.
Keywords: FDI;Agriculture;Employment;Distribution;Projects.
30
Abodakpi, Joseph Yaw. "Foreign Direct Investment in Ghana – the Political Economy Perspective." Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie, no. 10(970) (2017): 5–20. http://dx.doi.org/10.15678/znuek.2017.0970.1001.
Full text
31
Abille, Adamu Braimah, Desmond Mbe-Nyire Mpuure, Ibrahim Yahaya Wuni, and Peter Dadzie. "Modelling the synergy between fiscal incentives and foreign direct investment in Ghana." Journal of Economics and Development 22, no. 2 (September 10, 2020): 325–34. http://dx.doi.org/10.1108/jed-01-2020-0006.
Full textAbstract:
PurposeThe purpose of the paper was to investigate the role of fiscal incentives in driving foreign direct investment (FDI) inflows into the Ghanaian economy based on data from 1975 to 2017 with the Eclectic paradigm as the theoretical basis. FDI inflows was the dependent variable whiles trade openness, corporate tax rate, exchange rate and market size were the independent variables with corporate tax rate as the main explanatory variable of interest.Design/methodology/approachThe autoregressive distributed lag (ARDL) bounds test technique was employed to investigate Cointegration in the model. The results showed the presence of cointegration among the variables.FindingsThe results revealed that corporate tax rates have a significant negative impact on FDI inflows into the Ghanaian economy in the long run and significant positive impact on FDI inflows in the short run. In the context of Ghana, the positive short-run relationship observed is attributed to the lag effect of tax policy on FDI inflows.Research limitations/implicationsOne obvious limitation of the research is that, it does not identify the specific foreign businesses that are more deserving of a low corporate rate and to what extent can that boost FDI inflows in Ghana. Another limitation is that the data analyzed in the paper is exclusively for Ghana and the findings may not be generalized for other countries.Practical implicationsBased on the research findings, it is recommended that the Ghana Revenue Service (GRA) restructures the corporate tax regime in the country to deal with the policy lapses. It is also recommended that low corporate rates should be maintained especially in respect of foreign companies that are into the production of goods and services for which indigenous companies in Ghana have a comparative disadvantage in order to drive FDI into the Ghanaian economy.Originality/valueThis paper is unique for providing up to date and dynamic insights into the tax incentive and FDI nexus in the Ghanaian context.
32
Alnaa, Samuel Erasmus, and Ferdinand Ahiakpor. "Exchange Rate Volatility and Foreign Direct Investment." Research in Applied Economics 12, no. 3 (September 18, 2020): 38. http://dx.doi.org/10.5296/rae.v12i3.17737.
Full textAbstract:
The paper seeks to determine the effect of exchange rate volatility on foreign direct investment in Ghana from 1986 to 2017. The study adopted the Generalized Autoregressive Conditional Heteroskedasticity model to fit the data set from 1986-2017. The results indicate that, previous quarter information can influence current quarter volatility in Foreign Direct Investment. Real exchange rate, gross domestic product and treasure bill rate considered as external factors, are all found to be significant. This shows that, volatility from these factors can spillover to volatility in foreign direct investment. To ensure stable inflow of foreign direct investment, we recommend that policies should gear towards stability in the forex market and interest rate among others.
33
Jing, Yu, Yeboah Evans, and Ohene Gyan Christian. "The Performance of the Tourism Sector Toward FDI Attraction Among Other Sectors of the Ghanaian Economy." European Scientific Journal, ESJ 14, no. 16 (June 30, 2018): 287. http://dx.doi.org/10.19044/esj.2018.v14n16p287.
Full textAbstract:
This paper provides a literature review on the impact of foreign direct investment on economic growth and development of the Ghanaian economy; by considering foreign direct investment contributions on employments creation and the allocation of registered projects to the various sectors based on the data collected from the Ghana Investment Promotion Centre, it was discovered that there was a decline in the number of projects registered by investors in 2015 and an increase in 2017. However, it was also revealed that the tourism sector performance toward the attraction of foreign direct investment and employment generating has been reducing indirectly between 2013 and 2017 of which the tourism sector did not create any employment in 2017. Conversely, there is much focus on manufacturing, service, building & construction and general trading sectors as majority of FDI inflows has been directed into these sectors. It is recommended that investors should enter the neglected sectors since there will be much benefit in these overlooked sectors, whereas the government of Ghana should provide incentives in these undermined sectors.
34
Asiamah, Michael, Daniel Ofori, and Jacob Afful. "Analysis of the determinants of foreign direct investment in Ghana." Journal of Asian Business and Economic Studies 26, no. 1 (June 7, 2019): 56–75. http://dx.doi.org/10.1108/jabes-08-2018-0057.
Full textAbstract:
Purpose The factors that determine foreign direct investment (FDI) are important to policy-makers, investors, the banking industry and the public at large. FDI in Ghana has received increased attention in recent times because its relevance in the Ghanaian economy is too critical to gloss over. The purpose of this paper is to examine the determinants of FDI in Ghana between the period of 1990 and 2015. Design/methodology/approach The study employed a causal research design. The study used the Johansen’s approach to cointegration within the framework of vector autoregressive for the data analysis. Findings The study found a cointegrating relationship between FDI and its determinants. The study found that both the long-run and short-run results found statistically significant negative effects of inflation rate, exchange rate and interest rate on FDI in Ghana while gross domestic product, electricity production and telephone usage (TU) had a positive effect on FDI. Research limitations/implications The study found a cointegrating relationship between FDI and its determinants. The study found that both the long-run and short-run results found statistically significant negative effects of inflation rate, exchange rate and interest rate on FDI in Ghana whiles gross domestic product, electricity production and TU had a positive effect on FDI. Practical implications This study has potential implication for boosting the economies of developing countries through its policy recommendations which if implemented can guarantee more capital inflows for the economies. Social implications This study has given more effective ways of attracting more FDI into countries which in effect achieve higher GDP and also higher standard of living through mechanisms and in the end creating more social protection programs for the people. Originality/value Although studies have been conducted to explore the determinants of FDI, some of the core macroeconomic variables such as inflation, interest rate, telephone subscriptions, electricity production, etc., which are unstable and have longstanding effects on FDI have not been much explored to a give a clear picture of the relationships. Therefore, a study that will explore these and other macroeconomic variables to give clear picture of their relationships and suggest some of the possible ways of dealing with these variables in order to attract more FDI for the country to achieve its goal is what this paper seeks to do.
35
Tuffour, Joseph Kwadwo, and Thelma Mensah. "The Effects of Governance Type and Economic Crises on Foreign Direct Investment Inflows in Ghana." Foreign Trade Review 53, no. 2 (March 22, 2018): 63–80. http://dx.doi.org/10.1177/0015732517734026.
Full textAbstract:
Global foreign direct investment (FDI) flows have increased rapidly over the last few decades. However, Ghana has not attracted much of this FDI. Investors are driven mostly by profit maximization and hence decisions to invest in an unfamiliar territory are often based on the economic and political conditions of this new territory. The current study investigates the effect of the state of governance and economic crises on FDI inflows to Ghana. Using time series data from 1960 to 2015, Vector Error Correction Mechanism results show that democratic governance has the tendency to positively influence FDI inflows while periods of economic crises are likely to reduce FDI inflows to Ghana in the long run. Depreciation of the Ghana Cedi reduces FDI inflows but market size has a positive influence on FDI inflows. Increase in labour skills and the level of openness have positive effects on FDI inflows. In the short run, economic crises in the last three years have negative effects on present FDI inflows while democratic governance in the past year positively influences FDI inflows. It is recommended that democratic governance should be maintained to enhance FDI inflows. Also, efforts to avoid economic crises especially institutional shocks absorbers are key to maintain FDI inflows to Ghana. JEL: P33, P45, E02, O55
36
Faruq, Hasan A., and David T. Yi. "The Determinants of Technical Efficiency of Manufacturing Firms in Ghana." Global Economy Journal 10, no. 3 (October 6, 2010): 1850205. http://dx.doi.org/10.2202/1524-5861.1646.
Full textAbstract:
This paper uses the Data Envelopment Analysis (DEA) technique to estimate the technical efficiency of firms in Ghana across six manufacturing industries during 1991-2002. We observe that manufacturing firms in Ghana are significantly less efficient than their counterparts in other countries. In addition, we find that firm characteristics such as size, age, foreign ownership, and the mix of labor and capital used during the production process have positive effects on firm efficiency. These results have implications for Ghana’s import-substitution industrialization and foreign investment policies.
37
Agyapong, Daniel, Michael Asiamah, and Maame Addo-Danquah. "Organised Crime, Foreign Direct Investment and Economic Growth in Ghana." British Journal of Economics, Management & Trade 15, no. 4 (January 10, 2016): 1–12. http://dx.doi.org/10.9734/bjemt/2016/29495.
Full text
38
Nketiah, Emmanuel, Xiang Cai, Mavis Adjei, and Bekoe Bernard Boamah. "Foreign Direct Investment, Trade Openness and Economic Growth: Evidence from Ghana." Open Journal of Business and Management 08, no. 01 (2020): 39–55. http://dx.doi.org/10.4236/ojbm.2020.81003.
Full text
39
Yeboah, Evans. "COMPLEMENTARITY OF FDI AND EMPLOYMENT GENERATION IN THE AGRICULTURE SECTOR OF GHANA: ANALYSIS OF RECENT DEVELOPMENTS." International Journal of New Economics and Social Sciences 11, no. 1 (June 30, 2020): 47–60. http://dx.doi.org/10.5604/01.3001.0014.3532.
Full textAbstract:
Foreign direct investment inflows into Ghana have been a major source of economic growth transformation. Many investing countries aspire to provide Ghana’s economy with new models and direction for development alternatives to foreign aid which will in effect benefit both nations. Given the government’s intention of transforming most agriculture products into finished commodities other than exporting these commodi-ties in their raw states, a new set of incentives and policies to attract investors into the agriculture sector have been initiated. This consists of farming for food provision and employment generation in a bid to moderating the high rate of unemployment aside depending on the normal farming methods. This study sets to investigate the impact of foreign direct investment in the agriculture sector on employment generation. The paper argues that employment created in the agriculture sector was attained through the number of registered projects allocated to various sectors within the Ghanaian economy categorized by the Ghana Investment Promotion Centre. Methodologically, this study utilizes a statistical descriptive approach that backs a summary of the com-plementary analysis of foreign direct investment inflow quantitatively using data on FDI inflows from 2013 to 2018. The result shows that the percentage share of the total number of registered projects allocated and employment created in the agriculture sector through FDI is very low compared to sectors like the manufacturing and service. It was also discovered that the agriculture sector contribution to the Gross Domestic Product (GDP) in the late 90s weighed much higher than the other sectors and contin-uous decline in the 2000s. It is recommended that investors should enter into the agri-culture sector since there are many benefits.
40
Eric Osei, Addo. "An Assessment of the Impact of Foreign Direct Investment on Employment: The Case of Ghana’s Economy." International Journal of Economics and Financial Research, no. 56 (June 5, 2019): 143–58. http://dx.doi.org/10.32861/ijefr.56.143.158.
Full textAbstract:
The literature is in respect of the fact that foreign direct investment has been a key aspect of the development strategy of most developing countries. The main objective of the study is to examine the extent FDI influence employment creation in the non-mining sector of Ghana for the period 2000 – 2016 using time series (annual) data conducted with the aid of OLS (Multiple Linear Regression) model, Autoregressive Distributed Lag (ARDL-ECM) Bounds Testing Approach and Granger-Causality test in the estimation of level relationship / cointegration and causality (respectively) between the study variables (for robustness checks). The result of this study shows that FDI has a statistically significant and a positive impact on employment growth via jobs creation in Ghana. Again, evidence shows that the study variables are cointegrated and have a long run relationship. Further robust test from Granger-causality shows no causal relationship from FDI to employment growth or from employment growth to FDI (at significance level of 5%). In addition, the study identifies factors such as wage structure, investment freedom and subsectors as important indicators influencing employment in the country. Finally, the study recommends policies to help create enabling political and socio-economic environment for FDI thereby creating more sustainable jobs and tackling the current high rates of unemployment in Ghana.
41
Ho, Sin-Yu, and Bernard Njindan Iyke. "The Determinants of Economic Growth in Ghana: New Empirical Evidence." Global Business Review 21, no. 3 (July 2, 2018): 626–44. http://dx.doi.org/10.1177/0972150918779282.
Full textAbstract:
This article deals with an investigation into the determinants of economic growth in Ghana over the period from 1975 to 2014. In particular, we investigated the impact of physical capital, human capital, labour, government expenditure, inflation, foreign aid, foreign direct investment, financial development, globalization and debt servicing on economic performance within an augmented Solow growth model. It was found that, in the long run, both human capital and foreign aid have a positive influence on output, while labour, financial development and debt servicing have a negative impact on output. It was also found that, in the short run, government expenditure and foreign aid have a positive influence on economic growth, while labour, inflation and financial development have a negative impact on economic growth. These findings hold important policy implications for the country.
42
Yeboah, Evans, Yu Jing, and Anning Lucy. "Overview of Ghana’s Export and Import, FDI inflow and outflow: Is there any connection between its trading partners and foreign investing countries?" Asian Journal of Interdisciplinary Research 3, no. 2 (May 8, 2020): 1–14. http://dx.doi.org/10.34256/ajir2031.
Full textAbstract:
Foreign direct investment inflows and outflows, export and import are seen as some of the major factors for transforming a country’s economic growth and development. This paper provides and evaluates literature review on importation and exportation alongside inward and outward FDI in Ghana. By considering some selected countries such as China, India, the United States of America, and the United Kingdom in determining whether there is some sort of connection between Ghana’s trading partners and investing countries in its economy by the use of the quantitative method. The results show that Ghana’s export values have improved rapidly over the past years with a continuous decrease in its imports. The outcome further proves that, at the initial level, export from Ghana to China, India, the US, and the UK were of lower values and with much effort by the Ghana government to control the balance of trade deficit from these major trading partners is in the process of achieving the goal, as the country has been experiencing balance of trade surplus from China and India except in the situation the US, and the UK. It was also revealed that China, India, the US, and the UK are not only major trading partners but also among the top investing nations in Ghana. It is suggested that Ghana should increase its outward FDI and also encourages its multinational companies to embark on cross-border investment.
43
Adu Boahen, Emmanuel. "The Effect of Exchange Rate Volatility on Foreign Direct Investment in Ghana." International Journal of Economic Behavior and Organization 2, no. 2 (2014): 20. http://dx.doi.org/10.11648/j.ijebo.20140202.12.
Full text
44
Ayangbah, Shirley, Liu Sun, and John Martyn Chamberlain. "Comparative study of foreign investment laws: The case of China and Ghana." Cogent Social Sciences 3, no. 1 (January 1, 2017): 1355631. http://dx.doi.org/10.1080/23311886.2017.1355631.
Full text
45
Yeboah, Evans, Yu Jing, and Anning Lucy. "Overview of Ghana’s Export and Import, FDI inflow and outflow: Is there any connection between its trading partners and the source of its foreign investing countries?" Asian Journal of Interdisciplinary Research 3, no. 3 (September 30, 2020): 64–77. http://dx.doi.org/10.34256/ajir20236.
Full textAbstract:
Foreign direct investment inflows and outflows, export and import are seen as some of the major factors for transforming a country’s economic growth and development. This paper provides and evaluate literature review on importation and exportation alongside inward and outward FDI in Ghana. By considering some selected countries such China, India, the United States of America, and the United Kingdom in determining whether there is some sort of connection between Ghana’s trading partners and investing countries in its economy by the use of quantitative method. The results show that Ghana’s export values have improved rapidly over the past years with a continuous decrease in its imports. The outcome further proves that, at the initial level, export from Ghana to China, India, US and UK were of lower values and with much effort by the Ghana government to control the balance of trade deficit from these major trading partners is in the process of achieving the goal, as the country has been experiencing balance of trade surplus from China and India except in the situation US and UK. It was also revealed that China, India, US and UK are not only major trading partners, but also top investing nations in Ghana. It is suggested Ghana should increase its outward FDI and also encourages its multinational companies to embark on cross-boarder investment.
46
Vacu, Nomfundo Portia, and Nicholas Odhiambo. "The determinants of aggregate and dis-aggregated import demand in Ghana." African Journal of Economic and Management Studies 10, no. 3 (September 2, 2019): 356–67. http://dx.doi.org/10.1108/ajems-08-2018-0246.
Full textAbstract:
Purpose The purpose of this paper is to examine the determinants of aggregate and dis-aggregated import demand for Ghana for the period from 1985 to 2015. Design/methodology/approach The study employed the autoregressive distributed lag bounds testing approach. Findings The long-run finding show that aggregate import demand (AIMD) is positively determined by exports of goods and services and consumer spending, but negatively determined by foreign exchange reserves. It is found that consumer spending is the key positive determinant of the import demand of consumer goods, while foreign exchange reserves, trade liberalisation policy and relative import price are negative determinants. It is found that import demand of intermediate goods is positively determined by consumer spending, government spending and investment spending. The long-run findings further confirm that import demand of capital goods is negatively determined by relative import price. In the short run, the findings suggest that AIMD is positively affected by exports of goods and services, investment spending and consumer spending, but negatively affected by foreign exchange reserves. Import demand of consumer goods is positively influenced by consumer spending, but negatively determined by relative import price. Finally, import demand for intermediate goods is found to be positively determined by investment spending and government spending, while import demand for capital goods is positively associated with exports of goods and services and trade liberalisation policy in the previous period. Originality/value A number of studies have looked at the determinants of import demand, focussing on the aggregated import demand. This study adds the component of dis-aggregated import demand, as it assist in dealing with the issues of bias.
47
Ross, Andrew G. "An empirical analysis of Chinese outward foreign direct investment in Africa." Journal of Chinese Economic and Foreign Trade Studies 8, no. 1 (February 2, 2015): 4–19. http://dx.doi.org/10.1108/jcefts-12-2014-0025.
Full textAbstract:
Purpose – The purpose of this paper is to identify and analyse determinants of Chinese outward foreign direct investment (OFDI) into a number of African countries for the period 2003-2012. Design/methodology/approach – A series of panel data models are used to estimate the determinants of Chinese OFDI into eight African countries: Nigeria, South Africa, Zambia, Ghana, Kenya, Algeria, Egypt and the Sudan. Findings – Results highlighted that Chinese investment in African countries is driven by access to natural resources, and factors related to infrastructure quality and the regulatory environment enforced by host governments. Originality/value – To the best of the authors’ knowledge, this is one of the first papers to identify empirical determinants of Chinese OFDI in Africa and it contributes from two perspectives. Firstly, it identifies drivers behind Chinese OFDI, but also importantly from the African perspective helps understand the reasons that attract investment from one of the world’s largest investors into one of the world’s poorest regions, given the emphasis that is placed on foreign direct investment today as an instrument of growth and development.
48
Anarfo, Ebenezer Bugri, Abel Mawuko Agoba, and Robert Abebreseh. "Foreign Direct Investment in Ghana: The Role of Infrastructural Development and Natural Resources." African Development Review 29, no. 4 (December 2017): 575–88. http://dx.doi.org/10.1111/1467-8268.12297.
Full text
49
Abor, Joshua, Charles K. D. Adjasi, and Mac-Clara Hayford. "How Does Foreign Direct Investment Affect the Export Decisions of Firms in Ghana?" African Development Review 20, no. 3 (December 2008): 446–65. http://dx.doi.org/10.1111/j.1467-8268.2008.00193.x.
Full text
50
Sakyi, Daniel, Richmond Commodore, and Eric Evans Osei Opoku. "Foreign Direct Investment, Trade Openness and Economic Growth in Ghana: An Empirical Investigation." Journal of African Business 16, no. 1-2 (May 4, 2015): 1–15. http://dx.doi.org/10.1080/15228916.2015.1061283.
Full text