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Browsing School of Social Sciences by Author "Abbey, E.N."
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Item Financial inclusion and technical change: An empirical evidence from Ghana(University of Ghana, 2015-04-17) Abbey, E.N.; Dzeha, G.D.; Boateng, S.S.This paper investigates the linkage between technical change and financial inclusion in Ghana. This study employs logistic regression model using micro-data from the Global Findex Database to examine the extent of relation between technical change and financial inclusion in Ghana. The study finds that that technical change is not sufficient in activating financial inclusion. What is important for financial inclusion are such factors as; improving financial literacy, reducing cost or introduce costless account opening, boasting financial sector confidence and inspire financial institution to introduce banking products that meet the need(s) of those financially excluded. Hence the study concludes that a lot more needs to be done for such technical changes to trigger financial inclusion in Ghana since this has important macroeconomic implication for long term economic growthItem Fiscal and monetary policy dynamism in the Sub-Saharan Africa frontier markets(University of Ghana, 2015-04-17) Boateng, S.S.; Abbey, E.N.This paper investigates the relationship between fiscal and monetary policies on economic growth using countries within the Sub-Saharan Africa Frontier Markets (SSAFMs). In other words, the paper explors the dynamism of fiscal and monetary policy on economy growth in the Sub-Saharan Frontier Markets (SSAFMs). A balanced panel of five countries in the SSAFMs, for a period of 28 years (1985-2012), were used for the estimation. The Granger Causality test as well as the causality testing procedure due Dumitrescu-Hurlin (D-H) was used to establish causalities. To analyze the relationship between fiscal and monetary policy measures on growth the pooled mean group (PM G) estimates and the mean group (MG) estimator results were computed. The study finds that that monetary policy (Granger) causes fiscal policy; stated differently, monetary policy has been the dominant force accommodating the challenging fiscal stance in the SSAFM. Future studies could focus on the effect of macro-prudential policies on economic growth. It is recommended that appropriate monetary policies could be used to address the vulnerabilities that may arise out of the integration of the SSAFMS into the global financial market. The main value of this paper is to empirically project the dynamism of fiscal and monetary policy on economy growth in the Sub-Saharan Frontier Markets (SSAFMs)