ACHIEVING HIGHER GDP GROWTH RATES IN GHANA: WHICH SECTOR IS TO LEAD?
Journal Title: Academic Research International - Year 2013, Vol 4, Issue 4
Abstract
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.
Authors and Affiliations
Patrick Enu, E. D. K. Havi, F. Osei-Gyimah, Prudence Attah-Obeng, C. D. K. Opoku
Keywords
Related Articles
- EP ID EP93462
- DOI -
- Views 192
- Downloads 0
REFORMULATION OF CARTEL CRIMINAL ACT IN INDONESIA
The cartel is a crime entity that is similar to theft but is more detrimental than robbery of property because of its loss to the public. In Indonesia, as a crime, the cartel has not been regulated seriously based on Law...
Perceptions of Logistics Students on Logistics Study Abroad Programme: The Case of a Private Higher Education Institution in Malaysia
This study presents hypothesis testing to examine the factors influencing undergraduate logistics student‘s perceptions on logistics study abroad programme. The objective of this study is to examine the perceptions of lo...
Effect of Cutting Position, Auxins and Rootstocks on Flower Yield of Rose Cultivar ‘Inca’
This study was carried out to determine the effects of cutting position (top, middle and bottom), auxin concentration (control, 0.2%NAA and 0.4%IBA) and rootstock type (‘Rosa progress’ and ‘Natal briar’) on flowe...
THE DIFFERENTIAL EFFECTS OF DIRECT INSTRUCTION FLASHCARDS AND READING RACETRACKS ON SIGHT WORD ACCURACY FOR THREE ELEMENTARY STUDENTS WITH LEARNING DISABILITIES
The purpose of this study was to determine the effectiveness of Direct Instruction (DI) flashcards and reading racetrack procedures to improve sight word skills. The participants were three elementary students with lea...
Security Problems in Nigeria: A Challenge to Christian Women Associations (A. K. A Obinrin Rere)
The insecurity problems being experienced in Nigeria recently reveal that the people involved lack a common outlook to life for the forging of a common sense of societal vision important to the making of a nation. Also t...