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Monday, August 3, 2020 | History

2 edition of real exchange rate and Ghana"s agricultural exports found in the catalog.

real exchange rate and Ghana"s agricultural exports

K. Yerfi Fosu

real exchange rate and Ghana"s agricultural exports

by K. Yerfi Fosu

  • 164 Want to read
  • 30 Currently reading

Published by Centre for the Study of African Economies in Oxford, England .
Written in English

    Places:
  • Ghana.
    • Subjects:
    • Agricultural prices -- Ghana.,
    • Exports -- Prices -- Ghana.,
    • Foreign exchange rates -- Ghana.

    • Edition Notes

      StatementK. Yerfi Fosu.
      SeriesAERC research paper ;, 9
      ContributionsAfrican Economic Research Consortium.
      Classifications
      LC ClassificationsHD2146 .F67 1992
      The Physical Object
      Pagination87 p. :
      Number of Pages87
      ID Numbers
      Open LibraryOL1075152M
      ISBN 101897621019
      LC Control Number93980460

      Gold, oil, and cocoa exports, and individual remittances, are major sources of foreign exchange. Expansion of Ghana’s nascent oil industry has boosted economic growth, but the fall in oil prices since reduced by half Ghana’s oil revenue. GDP - real growth rate: % ( est.) % ( est.) % ( est.) country comparison. prices and real exchange rate volatility. Also, increased volatility of the real exchange rate raised uncertainty about profits to be made which exert significant negative effects on exports both in the short- and long-run. Their results also show that improvements in the terms of trade (represented by declines in the real exchange rate) andCited by: 1.

      () found some evidence for real exchange rate misalignment having a negative 1 Earlier work on agricultural trade and exchange rates, focused on the impact of, changes in the level of the real exchange rate, and agricultural exports. Examples include Batten File Size: KB. Ghana - Market OverviewGhana - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements.

      Ghana National Agricultural Export is the agricultural arm of the government of Ghana Republic aimed at exporting major agricultural nuts and also their growth, maintenance and care-taking. The products mainly exported by this agricultural arm of the government of the Republic of Ghana include cashew nuts, cocoa seeds/beans, peanuts, ground nuts etc. and augmented agricultural benefits from. The Real Exchange Rate and Economic Growth v. Abstract. The real exchange rate was not at the center of the first generation of neoclassical growth models, nor was it prominent among the policy prescriptions that flowed from those models. Recent analyses, in contrast, have paid it more Size: 1MB.


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Real exchange rate and Ghana"s agricultural exports by K. Yerfi Fosu Download PDF EPUB FB2

"This study examines the effects of the real exchange rate of the cedi on agricultural price incentives and agricultural exports in Ghana. It is divided into six sections. The problem which motivated this study, the study's objectives and relevance, and a review of the literature are formally stated in Section by: Real exchange rate and Ghana's agricultural exports.

Oxford, England: Centre for the Study of African Economies, [] (OCoLC) Document Type: Book: All Authors / Contributors: K Yerfi Fosu; African Economic Research Consortium. The first is the real exchange rate in purchasing-power-parity terms, from Penn World Tables, calculated in bilateral terms vis-a-vis the US.

Second is exchange rate misalignment adjusted for the Balasa-Samuelson effect (as in Rodrik ). Third, we construct the bilateral real exchange rate vis-a-vis the US using data from the IMF’s International Financial Statistics (IFS) on.

NBER Program(s):International Trade and Investment, International Finance and Macroeconomics. This paper investigates the relationship between manufacturing profits, exports, and the real exchange rate. Using Harston's () model of real exchange rate and Ghanas agricultural exports book, we derive a co-integrated log-linear profits equation that restricts the long-run.

Exports in Ghana decreased to USD Million in February from USD Million in January of Exports in Ghana averaged USD Million from untilreaching an all time high of USD Million in January of and a record low of USD Million in October of This page provides - Ghana Exports - actual values, historical data, forecast, chart.

growth in production and in earnings from agricultural exports. Between andagricultural output grew by % (World Bank, ). During the period when agriculture was the dominant economic activity the country depended on it for non-oil foreign earnings. File Size: KB. Let's see below:) 1.

Exchange rate = cost of one currency in terms of another Example: EUR/USD =1 Euro buys Dollar Net exports = Exports - Imports Example: A country Exports for 10Bn and imports for 8Bn, hence net exports are 2Bn The. The exchange rate exerts a strong influence on a country’s trade. It is depicted from the high correlation between the real exchange rate and exports () and that between the real exchange.

the real exchange rate boosts export supply as well as export diversification. A high rate of growth in exports is associated with periods of undervalued currencies. A major share of the difference in export performance between the two countries can be explained by differences in File Size: 1MB.

Merchandise Trade summary statistics data for Ghana (GHA) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita.

The study examined the effect of foreign trade on economic growth in Ghana by using a Johansen cointegration analysis. and real exchange rate.

studied the contribution of agricultural. Fruend and Pierola ()). The real exchange rate is an important constituent of the relative price of exports, and relative prices matter for allocation, including the allocation of resources to the exportable sector.

Real exchange rate volatility, on the other hand, can be an important. Global growth is projected at percent injust above the post-crisis low registered last year.

While growth could be stronger if reduced trade tensions mitigate. In this paper I estimate a non-traditional export performance equation for a panel of 60 developing countries. As an input to the export model, I also estimate a panel regression model of the real exchange rate (RER) for the same countries.

The RER estimation allows derivation of indexes of equilibrium RER (ERER) and RER misalignment (RERMIS), which were subsequently used in the export. Gold, oil, and cocoa exports, and individual remittances, are major sources of foreign exchange.

Expansion of Ghana’s nascent oil industry has boosted economic growth, but the fall in oil prices since reduced by half Ghana’s oil revenue. Production at Jubilee, Ghana's first commercial offshore oilfield, began in mid-December tries are not affected by the exchange rate volatility.

Finally, all G members protect and promote their agriculture heavily, includ ing generous export subsidies, so their agricul tural exports should be better insulated from both exchange rate fluctuations and volatility as.

A New Look At The Trade Volume Effects of Real Exchange Rate Risk Abstract: This paper takes a new empirical look at the longstanding question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan’s exports to the United States from In particular, we employ sectoral level,File Size: KB.

exchange rate changes and reserves changes, with stress on the former) can have significant costs in terms of growth foregone. That said, the idea that minimizing exchange rate volatility is an essential part of the growth recipe is disputed.

The evidence linking exchange rate volatility to exports and investment is less than Size: 1MB. Ghana - Imports Exports contract at fastest pace in almost four years in December. In December, the last month for which data are available, exports fell % over the same month of the previous year, which was notably below the % drop tallied in November.

December’s print marked the largest decline since January The Real Effective Exchange Rate (REER) is an important determinant of measuring the global competitiveness of a country and, therefore, has a strong influence on export earnings, improvements in balance of payments and long term growth (Soutar and Santoya ).File Size: KB.

The real exchange rate has proven to be an important factor in international trade because it is expected that exports react to real exchange rate movements with respect to the characteristics of the importing and exporting countries. Exchange rate volatility increases uncertainty of profits on contracts denominated in foreign currency and subsequently dampens trade and economic .Real GDP growth over the past ten years has averaged percent with the most recent GDP figure at 4 percent ().

Growth in was a startling 14 percent, a reflection of the anticipation around Ghana’s offshore oil reserves. The rate of inflation for was .Ghana has a diverse and rich resource country is one of the top-ten fastest growing economies in the world, and the fastest growing economy in Africa.

With Ghana’s primary manufacturing and exportation of digital technology goods combined with automotive and ship construction and exportation, Ghana attains one of the highest GDP per capita in Africa.