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A Review of Imports Structure and Reforms in Ghana

Author

Listed:
  • Nomfundo Portia Vacu

    (University of South Africa UNISA)

  • Nicholas M. Odhiambo

    (University of South Africa UNISA)

Abstract

The main aim of this study is to provide an overview of the structure and performance of Ghana’s imports. Specifically, to take into account the effects of the country’s historical trade policy reforms and other determinants during the period 1995-2014. The findings show that, over this period, the country successfully established a few bilateral trade agreements with African and non-African countries. A larger share of Ghana’s imports originate from developed countries. The results also that the leading import sources for Ghana at a continental level include Europe, Asia, and Africa. In Africa, Nigeria is the main source of Ghana’s imports. Ghana’s imports are dominated by manufactured goods. The analysis suggests that Ghana’s imports demand are sensitive to changes in factors, such as trade openness, economic growth, and the exchange rate.

Suggested Citation

  • Nomfundo Portia Vacu & Nicholas M. Odhiambo, 2017. "A Review of Imports Structure and Reforms in Ghana," EuroEconomica, Danubius University of Galati, issue 1(36), pages 144-158, May.
    • Handle: RePEc:dug:journl:y:2017:i:1:p:144-158
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/3896/4009
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    References listed on IDEAS

    as
    1. Alessandro Nicita & Victor Ognivtsev & Miho Shirotori, 2013. "Global Supply Chains: Trade And Economic Policies For Developing Countries," UNCTAD Blue Series Papers 55, United Nations Conference on Trade and Development.
    2. Steel, William F, 1972. "Import Substitution and Excess Capacity in Ghana," Oxford Economic Papers, Oxford University Press, vol. 24(2), pages 212-240, July.
    3. Tony Addison, 2001. "Taxation and Fiscal Reform in Ghana," WIDER Working Paper Series DP2001-97, World Institute for Development Economic Research (UNU-WIDER).
    4. repec:aer:wpaper:234 is not listed on IDEAS
    5. P. K. Mishra, 2012. "The Dynamics of the Relationship between Imports and Economic Growth in India," South Asian Journal of Macroeconomics and Public Finance, , vol. 1(1), pages 57-79, June.
    6. Choudhri, Ehsan U. & Hakura, Dalia S., 2015. "The exchange rate pass-through to import and export prices: The role of nominal rigidities and currency choice," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 1-25.
    7. Jebuni, C.D. & Oduro, A.D. & Tutu, K.A., 1994. "Trade, Payments Liberalization and Economic Performance in Ghana," Papers 27, African Economic Research Consortium.
    8. repec:aer:wpaper:180 is not listed on IDEAS
    9. repec:aer:wpaper:27 is not listed on IDEAS
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    Cited by:

    1. Francis Kwaw Andoh & Nehemiah E. Osoro & Eliab Luvanda, 2019. "Growth Dynamics of Value-Added Tax Revenue in Ghana," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 13(2), June.

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