The Real Exchange Rate Regime and Economic Growth in Ghana

  • Osei Enoch Kwame School of Management, Jiangsu University, China
  • Adubofour Isaac School of Finance and Economics, Jiangsu University, China
  • Adamu Sumaila School of Management, Jiangsu University, China
  • Dadzie Benjamin Mensah Department of Computer Science and Mathematics, University of L’Aquila, Italy
Keywords: Economic growth, exchange rate regime, real GDP, labour force

Abstract

An empirical research that aims at investigating the interplay between real exchange rate and economic growth is imperative in the study of modern international economics. The real exchange rate regime plays a critical role in the economic growth of a country. The research focusses on the interaction that exist between Real Exchange Rate and Economic Growth in Ghana. Real GDP was used as a measure of Economic Growth Rate. Results from the empirical analysis revealed a statistically significant and positive association existing between real exchange rate and the growth of Ghana’s economy (Real GDP). This affirms the major hypothesis. Results from the data analysis also showed a statistically significant and positive association between labour force and economic growth. Results from the analysis also revealed an inverse relation between government’s consumption expenditure patterns and economic growth. The study finally considered the theoretical and practical contributions of the study.

Downloads

Download data is not yet available.
Published
2020-04-30
How to Cite
Kwame, O. E., Isaac, A., Sumaila, A., & Mensah, D. B. (2020). The Real Exchange Rate Regime and Economic Growth in Ghana. European Scientific Journal, ESJ, 16(10), 97. https://doi.org/10.19044/esj.2020.v16n10p97