ABSTRACT In theory, private capital flows (PCF) strengthen domestic investment for economic growth. In sub-Saharan African (SSA) economies, Foreign Direct Investment per Capita (FDIC), Portfolio Investment per Capita (PIC) and Bank Lending per Capita (BLC) components of PCF grew inversely to Gross Domestic Product per Capita (GDPC). While growth rates of FDIC, PIC and BLC respectively averaged 269.6%, 31.7% and 55.6% in 1981-1990; 42.9%, 36.6% and 28.6% in 1991-2000; 30.7%, - 174.7% and 24.2%...
ABSTRACT Recognizing the potential of Mutual Health Organizations (MHOs) to eliminate user fees and increase utilization of health care services in the country, the government of Ghana enacted the National Health Insurance Act in 2003, mandating the establishment of district-wide MHOs. The purpose of this study was to analyze the effects of the National Health Insurance Scheme (NHIS) on the probability of utilizing outpatient care and expenditure in the Mfantseman Municipality of the Central ...
ABSTRACT In 1973 the industrial countries of the world abandoned the Bretton - Wood adjustable - peg exchange rate system as a means of international payments, and embraced a floating exchange rate system. By the beginning of the 1980's some developing countries of the world joined the league of exchange rate-floaters. It was thought that a floating exchange rate system is intrinsically superior to a fixed one because it not only insulates an economy from the events in other economies but als...
Abstract The adoption of the Euro by the European Economic and Monetary Union (EMU) has spurred the various Regional Economic Communities (REC) of the African Union (AU) to pursue their longterm aim of forming monetary unions and adopting common currencies. As part of the regional integration into monetary unions, ECOWAS has been pursuing a monetary union since 1987 which it finally agreed to launch a common currency (the ECO) in 2020. Even though the ECOWAS countries have not been able to si...
ABSTRACT Foreign aid has become one of the most important sources of capital flows to developing countries in the present past. According to development theorists, this massive inflow of capital wilt fill the foreign exchange gap and propel developing countries into sustained growth and development. This study attempts to examine the impact of this massive capital inflow on the inflation and the growth of output in Ghana for the period under consideration. The principal objective ofthe study...
ABSTRACT Empirical evidence indicates that macroeconomic uncertainty, political and institutional instability, less developed financial system, and higher rate of return differentials in other countries abroad induces capital flight from Sub-Saharan Africa. This research recognizes corruption as an aspect of a weak political and institutional system. However, the relationship between corruption and capital flight has received little emphasis, particularly in Sub-Saharan Africa. The study, th...
Abstract The effect of both private and public health expenditures on health outcomes has received much attention in the literature. However, how governance and institutional quality mediate between these health expenditures and health outcomes have attracted limited attention as far as SubSaharan Africa (SSA) is concerned, thus, necessitating this study. This study used the system generalized method of moment estimation technique. It covered 22 Sub-Saharan Africa countries with data spannin...
ABSTRACT This study examines the macroeconomic determinants of Foreign Direct Investment (FDI) in Ghana, using the Johansen Multivariate cointegration technique. Some elements ofthe Neoclassical and Eclectic approaches to the determinants ofFDI are used to develop a dynamic simultaneous equation model and then the system is estimated sirnuItaneously by using the Full Information Maximum Likelihood (FIML) method. The Granger Non-causality test is used to determine how the endogenous variables...
ABSTRACT This study sought to determine the effects of off-farm economic activities on farm household income in the Abura-Asebu-Kwamankese District in the Central Region of Ghana. A cross-sectional survey design was used and data was collected from farm household heads and their spouses in the district for the purpose of analysis. An interview schedule was used for the collection of the data from the respondents. In total 253 married farm households were interviewed. A bivariate probit mode...
ABSTRACT Considerable policy consensus concerning cash remittance as an operational model in the household food security policy dialogue has been established, yet, little knowledge base exists with regard to food remittances and its effect on food security. In view of this, the study focused on food remittance against the backdrop of remittance and food security. Specifically, the study examined spatial variability in food security outcomes across districts in Ghana, the impact of food remitt...
ABSTRACT Increasing public debt in Ghana has been a major concern to the nation. There are several factors that influence the public debt which includes the fiscal balance, that is either a deficit or a surplus. This study investigated the influence of fiscal balance on total public debt. The results reveal that fiscal deficit increases total debt and domestic debt while surpluses lead to an increase in the external debt though the long run relationship between fiscal deficit and external de...
ABSTRACT The availability of reliable energy supply to meet the exigency of the growing population in West Africa is important in achieving sustainable development and reducing poverty in the continent. Diverse studies have sought to examine the link between energy consumption and growth. However, the consensus with reference to the causal link if any between energy consumption and growth is not explicit. Conflicting conclusions have been espoused on the energy-growth nexus and this has neces...
ABSTRACT This study determined the effect of livestock ownership on household poverty in Northern, Upper East and Upper West Regions of Ghana. Specifically, the study determined the effects of medium-sized and large-sized ownership of livestock on household poverty and examined the effect of type of livestock (cattle, sheep and poultry) ownership on household poverty together with the joint effect between size and type of livestock ownership on household poverty. Employing the Ordinary Least ...
ABSTRcr Recent e;dence suggests that the burden of new HIV infection in developing COtmtries is concentrated among YOtmg people even \;th the inc=in!! knowledge of how to protect oneself from infection. :-'Iany scholars have e.,:plained this tmder the economic thesis that the daily situations of economic and social disadvanta"cre that characterize the lives of many YOtmg people push them to indulge in ris!.:y sex"Ua! behayiours that increase their risk of contracting HIV. 1bis study empirical...
ABSTRACT The increasing competition among banks in Ghana is largely explained by the liberalisation and implementation of the various financial sector reforms recommended by the International Monetary Fund (IMF) and the World Bank. In today’s competitive world, one of the challenges facing many managers in the banking sector is how to increase business market shares and profits concurrently. Although the correlation between market shares and profitability has been sustained over the years, ...