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The causal linkages among money growth, inflation and interest rates in Ghana.
A Dissertation Submitted In Partial Fulfilment For The Award Of A Master Of Science Degree In Economics.
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| Format: | Thesis |
| Language: | English |
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KNUST
2025
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| _version_ | 1869483587698425856 |
|---|---|
| access_status_str | Open Access |
| author | Sarfo, Prince Atta Jnr |
| author_browse | Sarfo, Prince Atta Jnr |
| author_facet | Sarfo, Prince Atta Jnr |
| author_sort | Sarfo, Prince Atta Jnr |
| collection | Thesis |
| description | A Dissertation Submitted In Partial Fulfilment For The Award Of A Master Of Science Degree In Economics. |
| format | Thesis |
| id | oai:ir.knust.edu.gh:123456789/17291 |
| institution | KNUST (Ghana) |
| language | English |
| last_indexed | 2026-07-01T04:01:22.530Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | KNUST |
| publisherStr | KNUST |
| record_format | dspace |
| source_str | KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| spelling | oai:ir.knust.edu.gh:123456789/17291 The causal linkages among money growth, inflation and interest rates in Ghana. Sarfo, Prince Atta Jnr A Dissertation Submitted In Partial Fulfilment For The Award Of A Master Of Science Degree In Economics. This study instigates the causal linkages among money growth, inflation and interest rate inGhana. The essence of ensuring price stability, a considerable increase in money growth thatenhances economic growth and development and favorable rate of interest that encourage domestic business and foreign direct investment cannot be over emphasized. The data was extracted from two main sources. The main variable under study were money supply, interest rate and inflation rate. Other variables that affect inflation rate such as exchange rate, real gross domestic product were controlled for. Data on money supply, interest rate and exchange rate Twere extracted from world development indicator (WDI) whereas data on inflation and the GDP growth were extracted from annual report of the Central Bank. The data comprises of of missed order of cointegration. That is I (0) and I(1). So bounds test of cointegration proposed by Pesaran, Shin and Smith (2001) was used. It was found out that money growth has both short run and long run relationship with inflation and all the other variables are insignificant in influencing inflation. The Granger causality test was conducted to help find the causality among the variables of interest. The null hypothesis that inflation rate does not does not Granger cause money growth was rejected at 5% which implies that there is a uni-directional causality between inflation and money growth. It was recommended that, in an attempt of reducing inflation both in the long run and short run, increase in money supply should be reasonable. KNUST 2025-06-16T15:22:07Z 2025-06-16T15:22:07Z 2019 Thesis https://ir.knust.edu.gh/handle/123456789/17291 en application/pdf KNUST |
| spellingShingle | Sarfo, Prince Atta Jnr The causal linkages among money growth, inflation and interest rates in Ghana. |
| title | The causal linkages among money growth, inflation and interest rates in Ghana. |
| title_full | The causal linkages among money growth, inflation and interest rates in Ghana. |
| title_fullStr | The causal linkages among money growth, inflation and interest rates in Ghana. |
| title_full_unstemmed | The causal linkages among money growth, inflation and interest rates in Ghana. |
| title_short | The causal linkages among money growth, inflation and interest rates in Ghana. |
| title_sort | causal linkages among money growth inflation and interest rates in ghana |
| url | https://ir.knust.edu.gh/handle/123456789/17291 |
| work_keys_str_mv | AT sarfoprinceattajnr thecausallinkagesamongmoneygrowthinflationandinterestratesinghana AT sarfoprinceattajnr causallinkagesamongmoneygrowthinflationandinterestratesinghana |