Munich Personal RePEc Archive

Foreign Aid and Aid Policy effectiveness on Economic Growth of Ghana.

Obu-Cann, Ernest and Fosu, Gabriel Obed and Bondzie, Eric Amoo (2013): Foreign Aid and Aid Policy effectiveness on Economic Growth of Ghana. Published in: International Journal of Physical and Social Sciences , Vol. 4, No. 4 (April 2014): pp. 82-90.

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Abstract

The concept of foreign aid became a fundamental component of international affairs and an essential instrument to rebuild the world after the World War II. Many developing countries including Ghana depend on it in order to support their budget or finance economic projects and programmes in their countries. The study examines the impact of foreign aid inflow on economic growth for the Ghanaian economy for the period 1975 to 2010 by adopting the Burnside and Dollars model. We indicated that foreign aid has a positive but insignificant effect on economic growth of Ghana. The study concludes by examining and recommending important policy issues that must be given thorough attention in order to achieve significant impact of aid on Ghana’s economic growth.

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