Business, Management and Accounting
7 years ago

Foreign Investment Boosts Ghana's Economy, Driving Growth and Development

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Journal of Business and Economic Development
The Effect of Foreign Direct Investment (FDI) on the Ghanaian Economic Growth
Evans Tee, Frank Larbi, Johnson Rebecca

Paper Summary

Foreign direct investment (FDI) has significantly boosted Ghana's economic growth by bringing in capital, technology, and management expertise. By analyzing data from 1980 to 2012, it was found that increasing FDI inflows have led to a significant increase in the country's GDP. This shows that FDI plays a crucial role in driving economic development in Ghana by not only increasing capital formation but also improving the quality of capital stock in the country.

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