Ghana's deficit financing has become an annual occurrence, owing to the country's failure to produce sufficient money to fund its budget. The researcher has been prompted to assess the situation's economic impact. In Ghana, deficit financing occurs when a country's spending exceeds its revenue for a set period of time, usually a year. According to the findings, the financing of Ghana's budget deficit and economic growth are negatively correlated. This suggests that deficit financing has harmed Ghana's economic growth during the study period. The research also revealed that budget deficit financing increased during Ghana's political election years, implying that politicians' overly ambitious agendas are one of the contributing factors to the country's budget deficits.
Author (S) Details
Dickson Akoto
Business School, Radford University College, P.O. Box AF 419 Adenta, Accra, Ghana.
View Book :- https://stm.bookpi.org/MPEBM-V8/article/view/3655
No comments:
Post a Comment