Patrick Enu
Methodist University College, Ghana, Economics, Faculty Member
The study seek to examine the awareness of Information and Communication Technology banking among customers; to analyze the usage of Information and Communication Technology in banking and to identify the benefits of Information and... more
The study seek to examine the awareness of Information and Communication Technology banking among customers; to analyze the usage of Information and Communication Technology in banking and to identify the benefits of Information and Communication Technology in banking. Convenience sampling technique was employed by the study. Questionnaire was used to collect the data. Statistical package for social sciences (SPSS) was used to analyze the data collected. Descriptive statistics (percentages and frequencies) was used to make inferences from the data analyzed. The findings regarding the study revealed that majority of the respondents (90%) have heard of Information and Communication Technology (ICT) whiles 10 % said they were not aware of any banking services called Information and Communication Technology (ICT). The result also reveals that 41.1 % use only ATM cards, the most widely used ICT products within the banks for transactions, however, significant proportion of respondents (22...
The study seek to examine the awareness of Information and Communication Technology banking among customers; to analyze the usage of Information and Communication Technology in banking and to identify the benefits of Information and... more
The study seek to examine the awareness of Information and Communication Technology banking among customers; to analyze the usage of Information and Communication Technology in banking and to identify the benefits of Information and Communication Technology in banking. Convenience sampling technique was employed by the study. Questionnaire was used to collect the data. Statistical package for social sciences (SPSS) was used to analyze the data collected. Descriptive statistics (percentages and frequencies) was used to make inferences from the data analyzed. The findings regarding the study revealed that majority of the respondents (90%) have heard of Information and Communication Technology (ICT) whiles 10% said they were not aware of any banking services called Information and Communication Technology (ICT). The result also reveals that 41.1% use only ATM cards, the most widely used ICT products within the banks for transactions, however, significant proportion of respondents (22.2...
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This research report was carried out on the topic, “competitive tendering as an effective tool in ensuring value for money in public sector procurement’’. The main objective for this study was to examine how competitive tendering could be... more
This research report was carried out on the topic, “competitive tendering as an effective tool in ensuring value for money in public sector procurement’’. The main objective for this study was to examine how competitive tendering could be used as an effective tool to achieve value for money in public sector procurement at the Ahanta West District Assembly. The researcher administered twenty (20) questionnaires to some selected departments in the organization, specifically the procurement unit, the stores department, the accounting department and then the engineering department. The researcher used purposive sampling as a technique to gather ample information for this work. By purposive sampling, the researcher targeted those departments within the organization whose daily activities have direct bearing on procurement. Information gathered were analyzed critically and presented in the form of tables which is readily understandable. It was found out from the analyses that the Ahanta W...
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This study identifies the macroeconomic factors which influence agricultural production in Ghana. The main purpose of the study is to find out the key macro factors that influence agricultural production in Ghana. The Cobb-Douglas... more
This study identifies the macroeconomic factors which influence agricultural production in Ghana. The main purpose of the study is to find out the key macro factors that influence agricultural production in Ghana. The Cobb-Douglas production was employed and the Ordinary Least Squares estimation technique was used. Our dependent variable is agricultural output. The independent variables are labour force, inflation, real exchange rate and Real GDP per capita. We found that 1% increase in labour force caused agricultural production to decrease by 0.655946%. Also a 1% increase in inflation caused agricultural production to increase by 0.00459045%. In addition, a 1% increase in real exchange rate caused agricultural production to increase by 0.083949%. Finally, a 1% increase in real GDP per capita caused agricultural production to decrease by 1.05825%. Apart from inflation, labour force, real exchange rate and real GDP per capita were statistically significant. Therefore, the key macro economic factors that influence agricultural production in Ghana are labour force, real exchange rate and real GDP per capita. The agricultural sector should be made more attractive and conductive to ensure continuous production of food in Ghana.
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This work presents the derivation of a mathematical model for extrapolating the population of Ghana using Newton's divided difference formula. Newton's divided difference formula was used because of the uneven time intervals at... more
This work presents the derivation of a mathematical model for extrapolating the population of Ghana using Newton's divided difference formula. Newton's divided difference formula was used because of the uneven time intervals at which the population census was conducted. A simulation was done using mathematical software to estimate the parameters in the derived model because the exact solution was quite difficult. The model was able to predict the population of Ghana with a residual percentage error within 10%. We will therefore recommend the usage of this model to be used for countries in which the population censuses were conducted at uneven time intervals as was the case with Ghana. INTRODUCTION Ghana has had uneven population census over the past few years until 2010. This has made socioeconomic and demographic planning very difficult for the country – Ghana, more especially activities in the services sector (electricity, water, housing etc). The difficulty in socioeconom...
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This study re-estimated the links between foreign direct investment (FDI) and economic growth by including the development of the domestic financial sector in Ghana. The simple dynamic ordinary least squares regression was used to analyze... more
This study re-estimated the links between foreign direct investment (FDI) and economic growth by including the development of the domestic financial sector in Ghana. The simple dynamic ordinary least squares regression was used to analyze how financial sector development in Ghana contributes in attracting FDI to promote economic growth. It was found out that improvement in financial sector in Ghana leads to more inflows of foreign direct investment. The FDI with the interaction term and financial sector development has a significant positive impact on current real gross domestic product. This implied that FDI works through the domestic financial sector to affect the economic performance of the Ghanaian economy positively. Thus, the financial sector development is a key for FDI inflows to impact positively on the economic performance of the Ghanaian economy. The Granger causality test also showed that there is unidirectional causality from real gross domestic product to FDI, financia...
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The main aims of this study were to determine the conditions that influence electric power consumption in Ghana and also estimate the extent to which electric power consumption impact on the various sectors of the Ghanaian economy. The... more
The main aims of this study were to determine the conditions that influence electric power consumption in Ghana and also estimate the extent to which electric power consumption impact on the various sectors of the Ghanaian economy. The ordinary least squares method of data estimation technique was used. The models specified were indentified to be good models. This revealed that the major factors that influence electricity consumption in Ghana are population, the size of the Ghanaian economy, foreign inflows, the general price level, and trade. The study also revealed that electric power consumption affected agricultural production in Ghana negatively and the margin of the decrease was 0.0284186. More so, the study identified that electricity consumption had a positive effect on manufacturing sector of the Ghanaian economy though its value was statistically insignificant. The degree of the elasticity was 0.072129. Finally, the study showed that electric power consumption affected the...
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Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study... more
Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study employed Augmented Dickey-Fuller test, Cointegration test, Vector Error Correction Model and Granger Causality test. The study revealed that, in the long term, a hundred percent increase in electricity power consumption will cause real gross domestic product per capita to increase by approximately fifty-two percent. However, in the short run, electricity consumption negatively affects real gross domestic product per capita. The study again revealed that unidirectional causality run from electricity consumption to economic growth meaning that any policy actions taken to affect the smooth consumption of electricity in Ghana will definitely affect her gross domestic product per capita. Therefore, the current load shedding policy due to low supply of e...
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The study examined the macroeconomic factors that influence performance of the manufacturing sector of Ghana using multivariate time series approach. It was found out that manufacturing production and real gross domestic product per... more
The study examined the macroeconomic factors that influence performance of the manufacturing sector of Ghana using multivariate time series approach. It was found out that manufacturing production and real gross domestic product per capita were inversely related. In the long-run, macroeconomic variables such as private sector credit, labour and real exchange rate were unfavourable factors that weigh down the manufacturing sector while in the short-run, the past years consumer price index and real exchange rate were unfavourable to the manufacturing production. Finally, it is recommended that private sector credit to the manufacturing sector should be improved, training of labour force should be skilled and technical oriented and policies to stabilise the real exchange rate should be put in place to halt the down trending in manufacturing production.
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The study determines the relationship between GDP (Gross Domestic Product) growth rate and inflationary rate in Ghana from the period 1980 to 2012. The study employs the methods of scatter plot, correlation analysis and simple linear... more
The study determines the relationship between GDP (Gross Domestic Product) growth rate and inflationary rate in Ghana from the period 1980 to 2012. The study employs the methods of scatter plot, correlation analysis and simple linear regression estimated using OLS (Ordinary Least Squares). All the three approaches proved that there is a strong negative linear relationship between GDP growth rate and inflation rate in Ghana. That is a 1% increase in inflation rate will cause GDP growth rate to decrease by 0.0864724%. However, a 1% decrease in inflation rate will cause GDP growth rate to increase by 0.0864724%. This value is statistically significant at the 5% level of significance. Therefore, policy makers should formulate and implement monetary, fiscal and physical policies that will continue to keep inflation rate downward to enhance economic growth and stability.
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The main objectives of the study are to determine the impact of road traffic accidents on economic growth and also examine the effect that macroeconomic variables have on road traffic crashes in Ghana. The ordinary least squares method of... more
The main objectives of the study are to determine the impact of road traffic accidents on economic growth and also examine the effect that macroeconomic variables have on road traffic crashes in Ghana. The ordinary least squares method of statistical estimation was used in this study. The results obtained were very robust and valid. The study revealed that road traffic accidents affect economic growth negatively and the degree of the negative effect is 0.209588%, implying that, increase in road traffic accidents in Ghana, is a greater cost to the nation, all other things being constant. The study showed that, the major macroeconomic variables that affect road traffic accidents in Ghana are the size of the Ghanaian economy (GDP), standard of living of the citizens of Ghana (GDP per capita) and government spending. The study recommended that the use of safety helmet and belt must be enforced as well as strict rules regarding license issuing and ban of using mobile phone while driving.
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The study examined what causes an individual to dispose of waste improperly in Ghana? What effects does poor sanitation bring to the citizens and the nation Ghana? And who is to ensure that Ghanaians do the right things in terms of... more
The study examined what causes an individual to dispose of waste improperly in Ghana? What effects does poor sanitation bring to the citizens and the nation Ghana? And who is to ensure that Ghanaians do the right things in terms of sanitation issues? The study employed convenience sampling technique of sampling methods. It was discovered that most of the respondents had dust bins where they dispose-off their refuse. The majority of the respondents disposes-off their refuse every three days. According to the respondents Zoomlion Ghana Company was in charge of waste collection at Kaneshie. The majority of the respondents had an idea of communicable diseases that is being associated with indiscriminate solid waste disposal. The predominant communicable disease that the respondents knew was diarrhea. The respondents agree to the fact that air pollution and flooding were the major environmental effects of poor sanitation at Kaneshie. The majority of the respondents agreed that enforcemen...
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This study attempts to examine the relationship between GDP growth rate and exchange rate in Ghana from the period 1980 to 2012. The paper employs the graphing of the scatter diagram for the two variables which are GDP growth rate and... more
This study attempts to examine the relationship between GDP growth rate and exchange rate in Ghana from the period 1980 to 2012. The paper employs the graphing of the scatter diagram for the two variables which are GDP growth rate and exchange rate, establishes the correlation between GDP growth rate and exchange rate using the Pearson’s Product Moment Correlation Coefficient (PPMC) and finally estimates the simple linear regression using OLS. Further tests were performed to test for the presence of autocorrelation, heteroscedasticity and multicollinearity. Autocorrelation and heteroscedasticity were found to be absent. From our analyses, we strongly conclude that there is a positive relationship between GDP growth rate and exchange rate in Ghana which confirms to the theory that undervaluation (high exchange rate) stimulates economic growth in the short run. Therefore, policy makers should stabilise monetary and fiscal policies in the long run.
The study examined the effects of rural-urban migration in Ghana – a case study of Okaishie a suburb of the Greater Accra region. The study employed convenience sampling technique. Well-structured questionnaires were used to gather the... more
The study examined the effects of rural-urban migration in Ghana – a case study of Okaishie a suburb of the Greater Accra region. The study employed convenience sampling technique. Well-structured questionnaires were used to gather the needed information. It revealed that the majority of the migrants were able bodied youth and majority of them were traders. The migrants’ main reason for migrating is to seek employment in the urban centers for better living. The other factor that motivated them to migrate from the rural areas to the urban center was access to good social amenities such as good drinking water, access to good and quality health care (hospital), good roads, good and quality education, access to electricity and entertainment. The migrants indicated that their respective villages lack these basic social amenities. Therefore, this study recommends that government should provide employment for the citizens in the rural areas by building more industries to prevent the rural ...
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The service sector in Ghana over the years has seen a tremendous growth, displacing both the agricultural and industrial sectors. Thus it is fitting to examine what drives this growth in the service sector of Ghana and also determine... more
The service sector in Ghana over the years has seen a tremendous growth, displacing both the agricultural and industrial sectors. Thus it is fitting to examine what drives this growth in the service sector of Ghana and also determine which of the sub-sectors is more potent. To achieve this, two models were specified. The method of Ordinary Least Squares estimation technique was employed to determine the potency of the service sub-sectors (transport and communication, tourism, financial institutions, health and education) and also to determine the contributions and impact of some macroeconomic variables (labour force, capital, real gross domestic product, service export and service import) on service output in Ghana. The study findings that financial institutions are the sub-sector that drives service output in Ghana. Also labour force and real gross domestic product per capita were determined as the key macroeconomic variables that drive the service sector growth in Ghana. Based on ...
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Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study... more
Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study employed Augmented Dickey-Fuller test, Cointegration test, Vector Error Correction Model and Granger Causality test. The study revealed that, in the long term, a hundred percent increase in electricity power consumption will cause real gross domestic product per capita to increase by approximately fifty-two percent. However, in the short run, electricity consumption negatively affects real gross domestic product per capita. The study again revealed that unidirectional causality run from electricity consumption to economic growth meaning that any policy actions taken to affect the smooth consumption of electricity in Ghana will definitely affect her gross domestic product per capita. Therefore, the current load shedding policy due to low supply of e...
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This study sought to find out the relationship between education and wages differentials and other factors that may account for the differences in wages among the various categories of workers as well as to determine factors that lead to... more
This study sought to find out the relationship between education and wages differentials and other factors that may account for the differences in wages among the various categories of workers as well as to determine factors that lead to investments in higher forms of education. The instrument employed for the investigation is mainly questionnaires. The research targeted a sample size of 100. The population considered was the labor force in Accra. However, considering the target group and how busy they are, resources and not having the luxury of time, we settled for a sample size of 100. The sampling technique employed was convenience sampling. The respondents were public and private sector workers. Pie charts, bar graphs, scatter diagrams and tables were employed to explain the pattern of some variables. Our findings showed that aside education, there were other factors that attributed to the existing wage differentials. Some of these factors include the sex of the worker, sector i...
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The abuse of incumbency during elections in order to retain power has become worldwide knowledge and a contentious issue in Political Economics. This paper seeks to establish the evidence of political business cycle in Ghana. Data for the... more
The abuse of incumbency during elections in order to retain power has become worldwide knowledge and a contentious issue in Political Economics. This paper seeks to establish the evidence of political business cycle in Ghana. Data for the estimations were sourced from WDI, 2014. The data spanned from 1990 to 2013 within which Ghana has had six uninterrupted democratic elections and consistent democratic rule. Three different models were specified. The method of Ordinary Least Squares estimation technique was employed to determine the impact of election years on Government Consumption Expenditure, Fiscal Deficit and Real GDP. The results suggest that there are no significant impacts of election years on the changes in Government Consumption Expenditure, Fiscal Deficit and Real GDP in Ghana. However, it was determined that Government Consumption Expenditure and Fiscal Deficit have positive relationships with election years in Ghana, though statistically insignificantly. The study reco...
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The aims of this study were to examine the relative importance of monetary policy and fiscal policy on economic growth in Ghana and then determine which of these two policies is more powerful in promoting economic growth in Ghana. The... more
The aims of this study were to examine the relative importance of monetary policy and fiscal policy on economic growth in Ghana and then determine which of these two policies is more powerful in promoting economic growth in Ghana. The study period was from 1980 to 2012. The method of Ordinary Least Squares estimation technique was used in this study. The results obtained from the three multiple regressions were spurious free. The study revealed that monetary policy impacts on the Ghanaian economy positively. Also, the study found that fiscal policy affected the Ghanaian economy positively. Finally, the study revealed that monetary policy is more powerful in promoting economic growth in Ghana. The study recommends that monetary policies implemented by the Bank of Ghana should promote favorable investment atmosphere through appropriate stabilization of interest rates, lending rates, inflationary rates, and exchange rates to promote and ensure economic growth, economic stability, econo...
The study is on achieving higher GDP growth in Ghana: which sector is to lead. The main objective of this paper was to examine the contributions of the agricultural, service and industrial sectors to economic growth in Ghana. Time series... more
The study is on achieving higher GDP growth in Ghana: which sector is to lead. The main objective of this paper was to examine the contributions of the agricultural, service and industrial sectors to economic growth in Ghana. Time series data from 1966 to 2011 on all the variables of interest was obtained from the World Development Indicators 2012 series. The Ordinary Least Squares estimation technique was used for the analysis. The results showed that a 1% increase in the growth of the agricultural sector will cause GDP growth to increase by 0.452849%. Also, a 1% increase in the growth of the services sector will lead to 0.376308% increase in GDP growth. Finally, 1% increase in the growth of the industrial sector will bring 0.1827% increase in GDP growth. All the explanatory variables are statistically significant at the 5% level of significance. It is concluded that the agriculture sector contributed most to the overall growth. It is recommended that for Ghana to achieve higher GD...
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The main aim of this study was to determine the impact of energy production on economic growth in Ghana. The Ordinary least squares method of estimation was used to determine the values of the respective parameter estimates. The study... more
The main aim of this study was to determine the impact of energy production on economic growth in Ghana. The Ordinary least squares method of estimation was used to determine the values of the respective parameter estimates. The study identified that Ghana is still a developing country that needs enough energy supply to expand to become an industrialized economy. Also, the study revealed that there is a positive relationship between electricity production and economic growth despite the unstable nature of electric power supply in Ghana. The value of the impact is 0.0500175. That is, the degree of the responsiveness is 0.0500175 meaning an inelastic effect. This implies that electricity production is an input of necessity to or key to Ghana’s economic expansion and sustainability development though statistically insignificant. Therefore, the policy suggestion is that the government should continue to invest massively into energy sector of the Ghanaian economy to ensure consistent and...
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The topic of the study is Benefits of Fire Insurance and Consequences of Noncompliance. This study was carried out to determine the level of public awareness of insurance benefits and to identify the reasons for non- compliance with fire... more
The topic of the study is Benefits of Fire Insurance and Consequences of Noncompliance. This study was carried out to determine the level of public awareness of insurance benefits and to identify the reasons for non- compliance with fire insurance policies. Convenience sampling technique was used in the collection of data. The study indicated that electrical faults, carelessness, improper use of LPG gas and illegal connections cause fire outbreaks. Most Ghanaians do not comply with fire insurance policy; hence they do not know the benefit of fire insurance policy. Ghanaians do not comply with fire insurance policy due to inadequate education on fire insurance policies and their benefits, insurance companies not being reliable, lack of enforcement of the Insurance Act 2006, Act 724 section 184, and lack of interest in the fire insurance policy. Also the economy experiences unemployment, loss of property, loss of lives, decreases in output and low level of investment whenever there ar...
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The paper exposed the extent of non maintenance culture in Nigeria which has rendered many useful investments such as road network, buildings, plants, industries and other infrastructures useless to the extent of inability to support... more
The paper exposed the extent of non maintenance culture in Nigeria which has rendered many useful investments such as road network, buildings, plants, industries and other infrastructures useless to the extent of inability to support production capable of enhancing sustainable development. It was obvious that inadequate fund provision, lack of efficient maintenance department and poor quality manpower required to embark on repairs have contributed to the decay of assets, social overheads and infrastructure. Besides, the attitudes of the government that embarks on public goods provision but does not care so much for the quality of investment projects and ensuring living up to their life span gradually lead to deplorable infrastructure. The situation has resulted to the decline of developmental intention. On the basis of the obvious non maintenance culture, the authors articulated ways changes could be made, which includes, among others that in the award of contracts, there is the nee...
SUMMARY This paper examines the effects of information and communication technologies (ICT) on urban structure. Improvements in ICT may lead to changes in urban structure, for example, because they reduce the costs of communicating ideas... more
SUMMARY This paper examines the effects of information and communication technologies (ICT) on urban structure. Improvements in ICT may lead to changes in urban structure, for example, because they reduce the costs of communicating ideas from a distance. Hence, they may weaken local agglomeration forces and thus provide incentives for economic activity to relocate to smaller urban centres. We use international data on city size distributions in different countries and on country-level characteristics to test the effect of ...
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The main aim of this study was to determine the impact of energy production on economic growth in Ghana. The Ordinary least squares method of estimation was used to determine the values of the respective parameter estimates. The study... more
The main aim of this study was to determine the impact of energy production on economic growth in Ghana. The Ordinary least squares method of estimation was used to determine the values of the respective parameter estimates. The study identified that Ghana is still a developing country that needs enough energy supply to expand to become an industrialized economy. Also, the study revealed that there is a positive relationship between electricity production and economic growth despite the unstable nature of electric power supply in Ghana. The value of the impact is 0.0500175. That is, the degree of the responsiveness is 0.0500175 meaning an inelastic effect. This implies that electricity production is an input of necessity to or key to Ghana’s economic expansion and sustainability development though statistically insignificant. Therefore, the policy suggestion is that the government should continue to invest massively into energy sector of the Ghanaian economy to ensure consistent and...
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The paper examined the determinants of foreign direct investment inflows to Ghana. The main objective of this study was to find out the major macroeconomic determinants of foreign direct investment in Ghana between the periods 1980 to... more
The paper examined the determinants of foreign direct investment inflows to Ghana. The main objective of this study was to find out the major macroeconomic determinants of foreign direct investment in Ghana between the periods 1980 to 2012. All the variables considered were integrated at first order, as a result the Johansen's cointegration approach was used and the result showed that the variables were not cointegrated. Therefore, the vector autoregressive model was estimated. The result showed that the first past year of foreign direct investment , the last two years of exchange rate and trade openness were statistically significant. Based on the findings we recommend that policies that encourage foreign direct investment, moderate exchange rate depreciation and increasing trade openness should be implemented. 1.0 Introduction This study determines the macroeconomic factors that influence foreign direct investment inflows to Ghana using cointegration analysis. Foreign direct i...
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The paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated... more
The paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated the determinants of economic growth using various econometric methods, the majority of these studies have not distinguished what drives or hinders economic growth in developing or developed countries. The study finds that the determinants of economic growth are different when this distinction is used. It reveals that in developing countries the key macroeconomic determinants of economic growth include foreign aid, foreign direct investment, fiscal policy, investment, trade, human capital development, demographics, monetary policy, natural resources, reforms and geographic, regional, political and financial factors. In developed countries, the study reveals that the key macroeconomic determinants that are associated with economic growth include physica...
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This study examined the impact of tourism on economic performance in Ghana using Johansen's cointegration approach. It was found that all the variables, nominal gross domestic product per capita, domestic tourism per capita and... more
This study examined the impact of tourism on economic performance in Ghana using Johansen's cointegration approach. It was found that all the variables, nominal gross domestic product per capita, domestic tourism per capita and international tourism per capita were integrated at first order. The results of Johansen's cointegration test indicated that there exist only short run relationships among all the variables being considered. The study found out that previous record of the international tourism had a positive impact on nominal gross domestic product per capita and this impact is elastic. As a result, improvement in international tourism will lead to increase in nominal gross domestic product per capita. The Granger Causality test also showed that was unilateral causality between international tourism and nominal gross domestic product per capita and domestic tourism as well as international tourism. Finally, it was recommendations that international tourism should be e...
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This study identifies the macroeconomic factors which influence agricultural production in Ghana. The main purpose of the study is to find out the key macro factors that influence agricultural production in Ghana. The Cobb-Douglas... more
This study identifies the macroeconomic factors which influence agricultural production in Ghana. The main purpose of the study is to find out the key macro factors that influence agricultural production in Ghana. The Cobb-Douglas production was employed and the Ordinary Least Squares estimation technique was used. Our dependent variable is agricultural output. The independent variables are labour force, inflation, real exchange rate and Real GDP per capita. We found that 1% increase in labour force caused agricultural production to decrease by 0.655946%. Also a 1% increase in inflation caused agricultural production to increase by 0.00459045%. In addition, a 1% increase in real exchange rate caused agricultural production to increase by 0.083949%. Finally, a 1% increase in real GDP per capita caused agricultural production to decrease by 1.05825%. Apart from inflation, labour force, real exchange rate and real GDP per capita were statistically significant. Therefore, the key macro ...
The study determines the relationship between GDP (Gross Domestic Product) growth rate and inflationary rate in Ghana from the period 1980 to 2012. The study employs the methods of scatter plot, correlation analysis and simple linear... more
The study determines the relationship between GDP (Gross Domestic Product) growth rate and inflationary rate in Ghana from the period 1980 to 2012. The study employs the methods of scatter plot, correlation analysis and simple linear regression estimated using OLS (Ordinary Least Squares). All the three approaches proved that there is a strong negative linear relationship between GDP growth rate and inflation rate in Ghana. That is a 1% increase in inflation rate will cause GDP growth rate to decrease by 0.0864724%. However, a 1% decrease in inflation rate will cause GDP growth rate to increase by 0.0864724%. This value is statistically significant at the 5% level of significance. Therefore, policy makers should formulate and implement monetary, fiscal and physical policies that will continue to keep inflation rate downward to enhance economic growth and stability.
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The study examined the effects of rural-urban migration in Ghana – a case study of Okaishie a suburb of the Greater Accra region. The study employed convenience sampling technique. Well-structured questionnaires were used to gather the... more
The study examined the effects of rural-urban migration in Ghana – a case study of Okaishie a suburb of the Greater Accra region. The study employed convenience sampling technique. Well-structured questionnaires were used to gather the needed information. It revealed that the majority of the migrants were able bodied youth and majority of them were traders. The migrants' main reason for migrating is to seek employment in the urban centers for better living. The other factor that motivated them to migrate from the rural areas to the urban center was access to good social amenities such as good drinking water, access to good and quality health care (hospital), good roads, good and quality education, access to electricity and entertainment. The migrants indicated that their respective villages lack these basic social amenities. Therefore, this study recommends that government should provide employment for the citizens in the rural areas by building more industries to prevent the ru...
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Grains are important dietary components, providing many nutrients including vitamins, minerals, protein, and complex carbohydrates. The objective of the study therefore was to determine the minimum dose of Gray that would be required to... more
Grains are important dietary components, providing many nutrients including vitamins, minerals, protein, and complex carbohydrates. The objective of the study therefore was to determine the minimum dose of Gray that would be required to kill insects on or inside the grains without affecting the viability for experimental work and there by render the grains free of infestation for laboratory experiments. In this investigation, maize and cowpea seeds were infested with Sitophilus zeamais and Callosobruchus maculatus respectively for 52 days each. The cultures were further divided into fifty grams (50g) each and put into 42 plastic containers. The seeds were then irradiated in a Co-60 gamma cell with doses 40Gy [Gray], 80Gy, 150Gy, 200Gy, 300Gy and 500Gy. The irradiated seeds were then examined for the number of insects alive in each case and the effect of the gamma irradiation on viability of the grain seeds. It was concluded that both Sitophilus zeamais and Callosobruchus maculatus w...
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The article looks at the impact of macroeconomic indicators on industrial production in Ghana. The ordinary least squares estimation technique is utilized given the sample size of 21 due to the unavailability of data. The study identified... more
The article looks at the impact of macroeconomic indicators on industrial production in Ghana. The ordinary least squares estimation technique is utilized given the sample size of 21 due to the unavailability of data. The study identified real petroleum prices (real eal exchange rate (import ort of goods and services (+) and government spending (+) as the key macroeconomic factors that influence industrial production in Ghana. Based on the findings, we recommend that the government of Ghana should continue to stabilize the macroeconomic environment of Ghana in order to achieve industrial growth and development. 1.0 Introduction The study is about the impact of macroeconomic factors on industrial production in Ghana. The main objective of the study is to find out the key macroeconomic indicators that influence industrial production in Ghana. The ordinary least squares estimation technique is used and a sample size of 21 due to the unavailability of data. The study indentifies petrole...
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The research seeks to determine the impact of the agricultural sector on Ghana's economic growth and the effect of the various sub-sectors of the agricultural sectors on Ghana's economic growth. The study uses time series... more
The research seeks to determine the impact of the agricultural sector on Ghana's economic growth and the effect of the various sub-sectors of the agricultural sectors on Ghana's economic growth. The study uses time series (1996-2006) data on agriculture, service, industry and the various sub-sectors under agriculture, which includes forestry, fishery, crops/ livestock and cocoa. A regression model was specified and OLS was employed to estimate the respective impact of agriculture, service and industry on GDP growth. At the end of the study agricultural output had a significantly positive impact on Ghana's growth as compared to the other sectors (agricultural output (0.354515); service output (0.283401); industrial sector (0.303257)). In addition, the study further analysed the effect of the various sub sectors under agricultural sector in GDP growth since the agricultural sector contributed more significantly to GDP. At the end of the study cocoa subsector was identified...
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The study examined what causes an individual to dispose of waste improperly in Ghana? What effects does poor sanitation bring to the citizens and the nation Ghana? And who is to ensure that Ghanaians do the right things in terms of... more
The study examined what causes an individual to dispose of waste improperly in Ghana? What effects does poor sanitation bring to the citizens and the nation Ghana? And who is to ensure that Ghanaians do the right things in terms of sanitation issues? The study employed convenience sampling technique of sampling methods. It was discovered that most of the respondents had dust bins where they dispose-off their refuse. The majority of the respondents disposes-off their refuse every three days. According to the respondents Zoomlion Ghana Company was in charge of waste collection at Kaneshie. The majority of the respondents had an idea of communicable diseases that is being associated with indiscriminate solid waste disposal. The predominant communicable disease that the respondents knew was diarrhea. The respondents agree to the fact that air pollution and flooding were the major environmental effects of poor sanitation at Kaneshie. The majority of the respondents agreed that enforcemen...
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The main objectives of the study are to determine the impact of road traffic accidents on economic growth and also examine the effect that macroeconomic variables have on road traffic crashes in Ghana. The ordinary least squares method of... more
The main objectives of the study are to determine the impact of road traffic accidents on economic growth and also examine the effect that macroeconomic variables have on road traffic crashes in Ghana. The ordinary least squares method of statistical estimation was used in this study. The results obtained were very robust and valid. The study revealed that road traffic accidents affect economic growth negatively and the degree of the negative effect is 0.209588%, implying that, increase in road traffic accidents in Ghana, is a greater cost to the nation, all other things being constant. The study showed that, the major macroeconomic variables that affect road traffic accidents in Ghana are the size of the Ghanaian economy (GDP), standard of living of the citizens of Ghana (GDP per capita) and government spending. The study recommended that the use of safety helmet and belt must be enforced as well as strict rules regarding license issuing and ban of using mobile phone while driving.
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Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study... more
Aims of the study were to critically examine the extent to which electricity consumption influences economic growth in Ghana and also determine, if it is electricity consumption that causes economic growth in Ghana or otherwise. The study employed Augmented Dickey-Fuller test, Cointegration test, Vector Error Correction Model and Granger Causality test. The study revealed that, in the long term, a hundred percent increase in electricity power consumption will cause real gross domestic product per capita to increase by approximately fifty-two percent. However, in the short run, electricity consumption negatively affects real gross domestic product per capita. The study again revealed that unidirectional causality run from electricity consumption to economic growth meaning that any policy actions taken to affect the smooth consumption of electricity in Ghana will definitely affect her gross domestic product per capita. Therefore, the current load shedding policy due to low supply of e...
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This research report was carried out on the topic, " competitive tendering as an effective tool in ensuring value for money in public sector procurement''. The main objective for this study was to examine how competitive... more
This research report was carried out on the topic, " competitive tendering as an effective tool in ensuring value for money in public sector procurement''. The main objective for this study was to examine how competitive tendering could be used as an effective tool to achieve value for money in public sector procurement at the Ahanta West District Assembly. The researcher administered twenty (20) questionnaires to some selected departments in the organization, specifically the procurement unit, the stores department, the accounting department and then the engineering department. The researcher used purposive sampling as a technique to gather ample information for this work. By purposive sampling, the researcher targeted those departments within the organization whose daily activities have direct bearing on procurement. Information gathered were analyzed critically and presented in the form of tables which is readily understandable. It was found out from the analyses tha...
The main aims of this study were to determine the conditions that influence electric power consumption in Ghana and also estimate the extent to which electric power consumption impact on the various sectors of the Ghanaian economy. The... more
The main aims of this study were to determine the conditions that influence electric power consumption in Ghana and also estimate the extent to which electric power consumption impact on the various sectors of the Ghanaian economy. The ordinary least squares method of data estimation technique was used. The models specified were indentified to be good models. This revealed that the major factors that influence electricity consumption in Ghana are population, the size of the Ghanaian economy, foreign inflows, the general price level, and trade. The study also revealed that electric power consumption affected agricultural production in Ghana negatively and the margin of the decrease was 0.0284186. More so, the study identified that electricity consumption had a positive effect on manufacturing sector of the Ghanaian economy though its value was statistically insignificant. The degree of the elasticity was 0.072129. Finally, the study showed that electric power consumption affected the...
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This study sought to find out the relationship between education and wages differentials and other factors that may account for the differences in wages among the various categories of workers as well as to determine factors that lead to... more
This study sought to find out the relationship between education and wages differentials and other factors that may account for the differences in wages among the various categories of workers as well as to determine factors that lead to investments in higher forms of education. The instrument employed for the investigation is mainly questionnaires. The research targeted a sample size of 100. The population considered was the labor force in Accra. However, considering the target group and how busy they are, resources and not having the luxury of time, we settled for a sample size of 100. The sampling technique employed was convenience sampling. The respondents were public and private sector workers. Pie charts, bar graphs, scatter diagrams and tables were employed to explain the pattern of some variables. Our findings showed that aside education, there were other factors that attributed to the existing wage differentials. Some of these factors include the sex of the worker, sector i...
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The study is on achieving higher GDP growth in Ghana: which sector is to lead. The main objective of this paper was to examine the contributions of the agricultural, service and industrial sectors to economic growth in Ghana. Time series... more
The study is on achieving higher GDP growth in Ghana: which sector is to lead. The main objective of this paper was to examine the contributions of the agricultural, service and industrial sectors to economic growth in Ghana. Time series data from 1966 to 2011 on all the variables of interest was obtained from the World Development Indicators 2012 series. The Ordinary Least Squares estimation technique was used for the analysis. The results showed that a 1% increase in the growth of the agricultural sector will cause GDP growth to increase by 0.452849%. Also, a 1% increase in the growth of the services sector will lead to 0.376308% increase in GDP growth. Finally, 1% increase in the growth of the industrial sector will bring 0.1827% increase in GDP growth. All the explanatory variables are statistically significant at the 5% level of significance. It is concluded that the agriculture sector contributed most to the overall growth. It is recommended that for Ghana to achieve higher GD...
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This paper examined the demand for broad money and its long run stability in Ghana. Multivariate time series approach was used. Since all the variables are integrated of order one, Johansen's cointegration approach is used to... more
This paper examined the demand for broad money and its long run stability in Ghana. Multivariate time series approach was used. Since all the variables are integrated of order one, Johansen's cointegration approach is used to establish that the variables are cointegrated. Hence, vector error correction model was used to find the determinants of broad money. Also, CUMSUM and CUMSUMSQ plots are used to check the long run stability of the demand function. It was established that nominal foreign interest rate and expected inflation were long run determinants of demand for money while real income and nominal exchange rate were short run determinants. Also, it was found that the long run broad money demand function was stable over the period under consideration. It was recommended that monetary policy authorities should continue to implement policies that will enhance macroeconomic stability (price stability) and facilitate economic growth. Introduction This study aims at investigatin...