Economics, Econometrics and Finance
5 years ago

Money Supply Growth in Ghana Fuels Long-Term Inflation, Short-Term Political Instability

Research Journal of Finance and Accounting
The Impact of Money Supply on Inflation Rate in Ghana
Sampson Vivian Esumanba, Nantogmah Danaa, Nyaku Efia, Akyaa Konadu

Paper Summary

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The study looked at how the amount of money in circulation affects the inflation rate in Ghana. They used data from 1990 to 2017 and found that an increase in money supply leads to higher inflation in the long run. However, in the short term, there was no clear link between money supply and inflation. They also discovered that political instability during election years, caused by changes in government spending, can lower inflation temporarily.