Impact of Import and Export on The Ghanaian Economy

Abstract

International trade is a cross-border exchange of goods and services. Ghana, a developing country, is no different from countries that rely heavily on international trade. The study seeks to analyze data obtained from the secondary annual time series for the period 1990 to 2020. Through multiple regression analysis between the trade and the economic growth, Augmented Dickey fuller test, Johansen co-integration test, Vector auto regression test, and Co-variance analysis Vector error cointegration test were used to verify the main hypothesis. The emphasis reveals positive effect of trade on the GDP of Ghana thereby having significant impact on the Ghanaian economy.