Document Type

Article

Publication Date

10-30-2024

Keywords

COVID-19 Pandemic, Gross Domestic Product, Balance of Payments and International Investment Position, Inflation, Ghana

Abstract

The study presents an in-depth analysis of the COVID-19 pandemic’s effect on Ghana’s gross domestic product (GDP), balance of payments and international investment position (BPM6), and inflation (INFL). Employing a pre-and post-COVID-19 comparison (2017-2022) through repeated measures ANOVA and tests of between-subject effects, it investigates whether the government’s economic performance was significantly impacted. Key findings show a notable decrease in GDP and BPM6, alongside a major increase in inflation rates post-pandemic. The study concludes that the COVID-19 pandemic had a statistically significant impact on Ghana’s economic performance in terms of GDP and BPM6, but not inflation. Recommendations include implementing economic stabilization policies, managing the balance of payments, controlling inflation, and focusing on sustainable growth. These insights are crucial for policymakers and stakeholders in navigating Ghana’s post-COVID-19 economic situation.

Journal Title

International Journal of Economics and Financial Issues

Volume

14

Issue

6

First Page

145

Last Page

152

DOI

10.32479/ijefi.17167

First Department

School of Business Administration

Acknowledgements

Open access article retrieved November 3, 2025, from https://econjournals.com/index.php/ijefi/article/view/17167/8288

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