![Economic Shocks And Growth
In Post-Independence Ghana, 1957 To 2017 [Occasional Paper 14]](http://ifsghana.org/wp-content/uploads/2015/10/IFS-Ghana-Logo1.png){kind=logo}
Ghana’s Economic Development: Past, Present and the Future.
May 8, 2018No.5: Integrity: The foundation for a Strong Financial Sector
August 2, 2018Economic Shocks And Growth In Post-Independence Ghana, 1957 To 2017 [Occasional Paper 14]
[Occasional Paper 14] Economic Shocks And Growth In Post-Independence Ghana, 1957 To 2017
The study analyses economic growth based on annual changes in real gross domestic product (GDP) in Ghana during the post-independence period from 1957 to 2017 using an econometric approach involving an autoregressive modelling scheme that incorporates several economic shocks as separate independent variables. The economic shocks included in the model are world cocoa price shock, world oil price shock, weather shock due to an El Nino weather phenomenon, and political instability shock for military coups or attempted military coups.