Browsing by Author "Attah-Obeng, Prudence"

Now showing 1 - 6 of 6

Achieving higher GDP growth rates in Ghana
(Academic Research International, 2013-07) Enu, Patrick; Havi, E.D.K.; Osei-Gyimah, F.; Attah-Obeng, Prudence; Opoku, C.D.K.
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 GDP growth rate, she should activate/strengthen the agricultural sector to lead the growth in the Ghanaian economy
An Econometric Analysis of the Relationship between Gdp Growth Rate and Exchange Rate in Ghana
(Journal of Economics and Sustainable Development, 2013) Attah-Obeng, Prudence; Enu, Patrick; Osei-Gyimah, F.; Opoku, C.D.K.
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
Impact of macroeconomic factors on industrial production in Ghana
(European Scientific Journal, 2013-10) Enu, Patrick; Hagan, Edmund; Attah-Obeng, Prudence
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 exchange rate (-), import 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.
Relationship between education and wage differentials in Ghana: a case study of Accra - a suburb of greater Accra Region
(International Journal of Academic Research in Business and Social Sciences, 2014-01) Enu, Patrick; Hagan, Edmund; Ahouandjinou, Eunice; Attah-Obeng, Prudence
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 in which the worker works in, company policy, skills and working conditions. All these are significant causes of wage differentials
The relationship between GDP growth rate and inflationary rate in Ghana: an elementary statistical approach
(Academic Research International, 2013-09) Enu, Patrick; Attah-Obeng, Prudence; Hagan, Edmond
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
Which macroeconomic factors influence agricultural production in Ghana
(Academic Research International, 2013-09) Enu, Patrick; Attah-Obeng, Prudence
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.