IMPACT OF MACROECONOMIC FACTORS ON INDUSTRIAL PRODUCTION IN GHANA

Authors

  • Patrick Enu Methodist University College Ghana and University of Ghana
  • Edmond Hagan Methodist University College Ghana and University of Ghana
  • Prudence Attah-Obeng Methodist University College Ghana and University of Ghana

DOI:

https://doi.org/10.19044/esj.2013.v9n28p%25p

Abstract

The article looks at the impact of macroeconomic indicators on industrial production in Ghana. The ordinary least squares estimation technique is utilized given the sample size of 21 due to the unavailability of data. The study identified real petroleum prices (-), real exchange rate (-), import of goods and services (+) and government spending (+) as the key macroeconomic factors that influence industrial production in Ghana. Based on the findings, we recommend that the government of Ghana should continue to stabilize the macroeconomic environment of Ghana in order to achieve industrial growth and development.

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Published

2013-10-30

How to Cite

Enu, P., Hagan, E., & Attah-Obeng, P. (2013). IMPACT OF MACROECONOMIC FACTORS ON INDUSTRIAL PRODUCTION IN GHANA. European Scientific Journal, ESJ, 9(28). https://doi.org/10.19044/esj.2013.v9n28p%p

Issue

Vol. 9 No. 28 (2013): ESJ October Edition

Section

Articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.