The impact of remittances on economic growth in Ghana.
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Date
2016-09
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KNUST
Abstract
This study examined the impact of remittances on economic growth for the period 1980 to 2014 using time series data. The ARDL technique is used to examine the possibility of long and short-run effects among the investigated series. The Granger causality test is conducted to investigate if there is any causal relationship between remittances and economic growth. The results suggest that, remittances had a positive and significant effect on economic growth in Ghana in the short run and not in the long run. The results of the Granger causality test showed that there is no causality between economic growth and remittances. The study therefore recommend that the government should formulate and implement sound monetary policies that aim at reducing the cost of remitting, improving and formalizing the channels of remitting as well as encouraging a Diaspora forum to bring migrants and their remitted relations together so as to be able to wellcoordinate their activities in the country.
Description
A Thesis Submitted To The School Of Business Of In Partial Fulfilment Of The Requirements For The Award Of Master Of Philosophy Degree In Business Administration.