Echoes of Change: Navigating the Intricacies of International Aid and Its Transformative Influence on Ghana’s Fiscal Frontier

Authors : Dr (Mrs). Nkem Ogechukwu Maureen

Echoes of Change: Navigating the Intricacies of International Aid and Its Transformative Influence on Ghana’s Fiscal Frontier

Author : Authors : Dr (Mrs). Nkem Ogechukwu Maureen Journa Name: International Journal of Science and Management Studies (IJSMS) Country : India Volume: 7 issue: 3 Year: 2024 Views : 152

Abstract:

Abstract: Echoes of Change: Navigating the Intricacies of International Aid and Its Transformative Influence on Ghana’s Fiscal Frontier delves into the nuanced impact of international aid on Ghana's fiscal development from 1981 to 2021. Through an Autoregressive Distributed Lag (ARDL) analysis, this study explores the effects of different aid components, such as exchange rates, foreign grants, and technical cooperation, on the nation's fiscal growth. The ARDL findings highlight a complex interplay where aid impacts exhibit variability across short and long-term perspectives. This research sheds light on the critical and varying roles of international aid in shaping Ghana’s economic trajectory, offering a detailed statistical perspective on its fiscal implications.