Analysis of the Agricultural Sector of Ghana and Its Economic Impact on Economic Growth
Journal Title: Academic Research International - Year 2014, Vol 5, Issue 4
Abstract
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 to be vital to economic growth and development in Ghana. Hence, the cocoa subsector should continue to be priority position even with the discovery of oil.
Authors and Affiliations
Patrick Enu
Keywords
Related Articles
- EP ID EP131900
- DOI -
- Views 142
- Downloads 0
PATIENT RIGHTS PRACTICE IN TURKEY
Patient rights applications are basically the indicators showing the value given to humans raise. In recent years in Turkey, under the influence of regulations in the area of human rights, patient rights issues had bee...
Peeking into Collective Unconscious through Personal Unconscious: A study of The God of Small Things and The Kite Runner
Art always reflects artist’s knowledge accumulated in his unconsciousness whether personal or collective and makes the unconscious conscious. Likewise we always carry this collective memory since olden times unconsciousl...
CHARACTERISTIC FORMULAS OF DAMAGE INDICES FOR REINFORCED CONCRETE STRUCTURES: A GENERAL GUIDELINE
The damages to structures are quantified by employing a damage index (DI). This paper deals with the existing damage indices proposed for the reinforced concrete (RC) structures. The existing formulas and models were pro...
An Investigation into Acceptability of French as the Second Official Language in Nigeria: A Case Study of Ansar-ud-Deen High School in Saki-West Local Government Area of Oyo State
The paper investigated the attitude of Nigerians towards the status of French language as teaching subject and its acceptability as the second official language in the country. A secondary school was selected in Saki-Wes...
A SURVEY OF STUDENTS AND FACILITATORS' PERCEPTIONS OF PROBLEMS IN OPEN UNIVERSITY SYSTEM, OYO AND KWARA STATES, NIGERIA
National Open University which was formally established in Nigeria in 1983 aimed at bridging theexisting gaps in education. The study is a survey research of descriptive type which unveiled the myriads of problems f...