Determinants of Ghana Trade Balance: A Cointegration and VDC Analyses
Amoah EmmanuelAntwi Kwame
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Determinants of Ghana Trade Balance: A Cointegration and VDC Analyses

Implications for Policy Makers

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The trade balance in the economy helps to determine the macroeconomic performance of the economy like the balance of payment, investments and savings in both the developed and the developing economies, also it is a major constituent in the current accounts and so to the balance of payment in macroeconomic management. The progress of trade in a country enhances the international mutual benefits among regions and countries in promoting global development process. The adoption of the exchange rate mechanisms among countries helps in enhancing financial transactions hence inter-country(s) trading ...