CERTIFICATE

IMPACT FACTOR 2021

Subject Area

  • Life Sciences / Biology
  • Architecture / Building Management
  • Asian Studies
  • Business & Management
  • Chemistry
  • Computer Science
  • Economics & Finance
  • Engineering / Acoustics
  • Environmental Science
  • Agricultural Sciences
  • Pharmaceutical Sciences
  • General Sciences
  • Materials Science
  • Mathematics
  • Medicine
  • Nanotechnology & Nanoscience
  • Nonlinear Science
  • Chaos & Dynamical Systems
  • Physics
  • Social Sciences & Humanities

Why Us? >>

  • Open Access
  • Peer Reviewed
  • Rapid Publication
  • Life time hosting
  • Free promotion service
  • Free indexing service
  • More citations
  • Search engine friendly

The effect of real exchange rate on economic growth in Ghana

Author: 
Evans Oteng, Batola David and Addai Kyeremeh Emmanuel
Subject Area: 
Social Sciences and Humanities
Abstract: 

Interest rate is the closely watched variable in the economy, their movements are reported almost daily by news media because they directly affect our everyday lives and have important consequence for the health of the economy and it is important macroeconomic variables for economic growth, they affect personal decisions such as whether to consume or to save, whether to buy a house and whether to purchase bonds or put funds into a saving account. This paper investigates the effects of real exchange rate on economic growth in Ghana over the period 1975 to 2015 using quarterly time series data. Specifically, it examines the extent to which real exchange rate has on the growth rates of the country reflecting real GDP, inflation rate and interest. The study, therefore, employs the co-integration analysis within the framework of Vector Autoregressive (VAR) to empirically investigate the effects of real exchange rate on real GDP growth in the country. The study found long-run relationships among the variables. The results also indicated that within the past one year and two years, inflation rate and interest rate had negative impacts on the growth of real GDP in Ghana respectively while within the past one year, real exchange rate had a positive effect on the real GDP in Ghana. Further, the study found feedback effects among the variables. Further, the study found feedback effects among the variables. The Granger Causality test also showed unidirectional causality running from inflation rate and interest rate to real GDP and bi-directional causality from both real exchange and money supply and real GDP. This study, therefore, recommends that the Bank of Ghana and government of Ghana put in measures which are geared towards stabilising these policy variables especially real exchange rates as they are capable of influencing the country’s economic performance both in the short and long run.

PDF file: 

CALL FOR PAPERS

 

ONLINE PAYPAL PAYMENT

IJMCE RECOMMENDATION

Advantages of IJCR

  • Rapid Publishing
  • Professional publishing practices
  • Indexing in leading database
  • High level of citation
  • High Qualitiy reader base
  • High level author suport

Plagiarism Detection

IJCR is following an instant policy on rejection those received papers with plagiarism rate of more than 20%. So, All of authors and contributors must check their papers before submission to making assurance of following our anti-plagiarism policies.

 

EDITORIAL BOARD

CHUDE NKIRU PATRICIA
Nigeria
Dr. Swamy KRM
India
Dr. Abdul Hannan A.M.S
Saudi Arabia.
Luai Farhan Zghair
Iraq
Hasan Ali Abed Al-Zu’bi
Jordanian
Fredrick OJIJA
Tanzanian
Firuza M. Tursunkhodjaeva
Uzbekistan
Faraz Ahmed Farooqi
Saudi Arabia
Eric Randy Reyes Politud
Philippines
Elsadig Gasoom FadelAlla Elbashir
Sudan
Eapen, Asha Sarah
United State
Dr.Arun Kumar A
India
Dr. Zafar Iqbal
Pakistan
Dr. SHAHERA S.PATEL
India
Dr. Ruchika Khanna
India
Dr. Recep TAS
Turkey
Dr. Rasha Ali Eldeeb
Egypt
Dr. Pralhad Kanhaiyalal Rahangdale
India
DR. PATRICK D. CERNA
Philippines
Dr. Nicolas Padilla- Raygoza
Mexico
Dr. Mustafa Y. G. Younis
Libiya
Dr. Muhammad shoaib Ahmedani
Saudi Arabia
DR. MUHAMMAD ISMAIL MOHMAND
United State
DR. MAHESH SHIVAJI CHAVAN
India
DR. M. ARUNA
India
Dr. Lim Gee Nee
Malaysia
Dr. Jatinder Pal Singh Chawla
India
DR. IRAM BOKHARI
Pakistan
Dr. FARHAT NAZ RAHMAN
Pakistan
Dr. Devendra kumar Gupta
India
Dr. ASHWANI KUMAR DUBEY
India
Dr. Ali Seidi
Iran
Dr. Achmad Choerudin
Indonesia
Dr Ashok Kumar Verma
India
Thi Mong Diep NGUYEN
France
Dr. Muhammad Akram
Pakistan
Dr. Imran Azad
Oman
Dr. Meenakshi Malik
India
Aseel Hadi Hamzah
Iraq
Anam Bhatti
Malaysia
Md. Amir Hossain
Bangladesh
Ahmet İPEKÇİ
Turkey
Mirzadi Gohari
Iran