In this paper, the behaviour of Ghana's imports during the period 1970-2002 is studied using disaggregated expenditure components of total national income. We use the newly developed bounds testing approach to cointegration and estimate an error correction model to separate the short- and...

This paper examines the long-run impact of foreign direct investment and trade on economic growth in Ghana. Using an augmented aggregate production function (APF) growth model, we apply the bounds testing (ARDL) approach to cointegration which is more appropriate for estimation in small sample...

In recent time, Ghana has embarked on policies that aim to rebalance the role of public and private sector in the economy and thus emphasize private sector development. This paradigm shift is to encourage private investment and ultimately make private sector the engine of growth. The study is a...

This paper models and forecasts volatility (conditional variance) on the Ghana Stock Exchange using a random walk (RW), GARCH(1,1), EGARCH(1,1), and TGARCH(1,1) models. The unique 'three days a week' Databank Stock Index (DSI) is used to study the dynamics of the Ghana stock market volatility...

The evolution of financial inclusion after the world economic crisis in 2008 has been documented to contribute significantly to reduction in poverty and income inequality throughout the World. Financial inclusion is known to have enabled individuals to fully participate in economic activities by...

The opportunities, prospects and challenges of Africa is frequently been trumpeted by several scholars and experts. This study examines African Financial Markets using both traditional modelling techniques and machine learning tools. We selected proxy countries based on the macroeconomic factors...

Spanish Abstract: El objetivo de este trabajo es presentar una serie de recomendaciones con respecto a la gestión y promoción institucional de los flujos de inversiones directas extranjeras (IDE) recibidas por África. Hay tres áreas geográficas principales que canalizan la IDE hacia el...

This paper examines for the first time contagion to African stock markets with particular attention to the quantification of, and testing for the impact of (extreme) downside movements in foreign exchange and developed stock markets on the (extreme) downside risks in Africa stock markets. Using...