The Role of Fiscal Policy in the Development of the Ghanaian Economy - Open Journal of Business and Management

OJBM > Vol.10 No.2, March 2022

Open Journal of Business and Management

Volume 10, Issue 2 (March 2022)

ISSN Print: 2329-3284 ISSN Online: 2329-3292

Google-based Impact Factor: 1.13 Citations

The Role of Fiscal Policy in the Development of the Ghanaian Economy ()

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Download as PDF (Size: 288KB) PP. 778-788

DOI: 10.4236/ojbm.2022.102043 289 Downloads 3,155 Views

Author(s)

Mabel Addai¹, Elsie Odame-Amoah¹, Oguejiofor Uchenna Felicia^2*, Ekua Baiden-Amissah Bentsiwaa³, Ebenmelu Chidiebere Blessing²

Affiliation(s)

¹School of Business, Nanjing University of Information Science and Technology, Nanjing, China.
²School of Business Management, Anhui University, Hefei, China.
³School of Management, Jiangsu University, Zhenjiang, China.

ABSTRACT

The purpose of this research was to review the influence or effect of fiscal policies on Ghana’s development based on a survey of the available literature. This was accomplished by conducting a systematic internet search using an array of keywords—fiscal policy, fiscal policy in Ghana, challenges of fiscal policy in Ghana, challenges of fiscal. We find that there is a large body of empirical research on the impact of fiscal policy on growth in Ghana, with varied results based on cross-sectional, time-series, and panel data. The economy benefited from government investments, transfer payments, and tax income, while government consumption had a negative impact.

KEYWORDS

Fiscal Policy, Tax Income, Macroeconomic, Transfer Payment

Share and Cite:

Addai, M. , Odame-Amoah, E. , Felicia, O. , Bentsiwaa, E. and Blessing, E. (2022) The Role of Fiscal Policy in the Development of the Ghanaian Economy. Open Journal of Business and Management, 10, 778-788. doi: 10.4236/ojbm.2022.102043.

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