Effect of exchange rate volatility on economic growth in Ghana: An empirical investigation

Buabin, Christain Payne

dc.contributor.author	Buabin, Christain Payne
dc.date.accessioned	2018-06-21T09:15:17Z
dc.date.available	2018-06-21T09:15:17Z
dc.date.issued	2016-08
dc.identifier.issn	23105496
dc.identifier.uri	http://hdl.handle.net/123456789/3290
dc.description	xi, 67p.: ill.	en_US
dc.description.abstract	The study investigates the relationship between exchange rate volatility and economic growth in Ghana using quarterly data from 1990 to 2012, by means of the Autoregressive Distributed Lag (ARDL) approach and the Granger causality test. The study found a unique cointegrating relationship between economic growth and exchange rate volatility. The regression results show that exchange rate volatility exerts negative and statistically significant effects on economic growth both in the short-run and long-run suggesting that exchange rate volatility adversely influences economic growth in Ghana. The Granger causality test results revealed unidirectional causality between exchange rate volatility and economic growth with the causality running from exchange rate volatility to economic growth. It is therefore recommended that Bank of Ghana ensures a stable exchange rate in order to stimulate economic growth in Ghana	en_US
dc.language.iso	en	en_US
dc.publisher	University of Cape Coast	en_US
dc.subject	Exchange	en_US
dc.subject	Economic	en_US
dc.subject	Growth	en_US
dc.title	Effect of exchange rate volatility on economic growth in Ghana: An empirical investigation	en_US
dc.type	Thesis	en_US