Browsing by Author "Ahiakpor, F."
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Item A Brief Survey of the Literature on Microfinance and Agriculture(Ghana Social Science Journal, 2012-06) Ahiakpor, F.; Asmah, E.The factors that affect agrarian transformation are complex and often interrelated. Access to financial services is an important input necessary for such transformation. A type of financial service that has become of increasing importance to farmers is microfinance. An important question concerns the role that microfinance initiatives have played regarding the development of agriculture in developing countries, especially those in Africa. This brief literature review suggests that while microfinance may have had some positive impacts on agricultural development and transformation, it has not been the panacea for the myriad of problems facing farmers and the rural poor.Item Disaggregated government expenditure and economic growth in Ghana(Ghana Social Science Journal, 2019-06) Ahiakpor, F.; Adinkra-Darko, E.The study examined the growth impact of government consumption, interest and transfer payments in Ghana. Using a quarterly time series data from 1984 to 2015 with maximum likelihood estimation (MLE), the results revealed that government interest payments and consumption expenditure negatively impact economic growth in both long run and short run. However, government transfers indicated a positive significant impact on growth of output. The results further revealed a bi-directional causality between government interest payment and economic growth while unidirectional causalities running from government consumption expenditure and transfer payment to economic growth were also established. The study recommends that the Ministry of Finance should take measures to check the share and growth of interest payments and consumption expenditure in government total expenditure; and government through the Livelihood Empowerment Against Poverty (LEAP) programme should increase and regularize its transfer payments in order to elevate the vulnerable groups from extreme poverty and stimulate aggregate demand and output.Item Macro-determinants of short-term foreign debt in Ghana(Cogent Economics & Finance, 2019-05-28) Ogeh, F.V.; Brafu-Insaidoo, W.G.; Ahiakpor, F.; William, C.G.This study tests the validity of the hypothesis that the regulatory and macroeconomic environments and the disparity between domestic and international interest rates are important determinants of short-term foreign debt stock in a developing economy like Ghana. This study employs a time series econometric analysis of annual secondary data covering the period 1970 to 2012. More specifically, the bounds testing approach is used to estimate the impact of potential determinants—identified in the theoretical and empirical literature—on the real stock of short-term foreign debt in Ghana. The study finds that a reduction in regulatory restrictions on external borrowing, a widening of the disparity between domestic and international interest rates, economic growth performance and domestic financial deepening lead to increases in the shortterm foreign debt stock in both the long and short run, respectively. The short-term foreign debt stock reduces in response to an increase in trade openness in the short run, and to international debt relief initiatives by multilateral development institutions in the long run.