Business, Management and Accounting
3 years ago

Money supply boosts long-term growth in Ghana, but watch out for inflation!

Applied Economics
Effect of Monetary Policy on Economic Growth in Ghana
Adamu Braimah Abille, Desmond Mbe‐Nyire Mpuure

Paper Summary

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The study looked at how monetary policy affects economic growth in Ghana from 1983 to 2017. They found that money supply has a positive impact on long-term growth but a negative impact in the short term. The lending rate, on the other hand, has a negative effect on long-term growth but a positive effect in the short term. To boost economic growth, it's important to regulate money supply to avoid high inflation and manage lending rates to encourage investment.