Open Access
UNPACKING THE RELATIONSHIP: FDI, ECONOMIC GROWTH, AND SERVICE SECTOR VALUE ADDITION IN GHANA
4
Institute of Entrepreneurship and Finance, Kumasi Polytechnic, Kumasi-Ghana
Abstract
This study delves into the intricate relationship between Foreign Direct Investment (FDI), economic growth, and service sector value addition in Ghana, aiming to provide insights into the dynamics shaping the country's economic landscape. Ghana has witnessed a surge in FDI inflows in recent years, particularly in the service sector, which has become a key driver of economic development. Through a comprehensive analysis of macroeconomic data and sector-specific trends, this research explores the impact of FDI on economic growth and the value addition within the service sector. Employing quantitative methods and econometric modeling, the study examines the causal relationships and dynamics among FDI, GDP growth, and service sector value addition. The findings shed light on the role of FDI in stimulating economic activity, fostering innovation, and enhancing productivity within the service sector, thereby contributing to overall economic growth and development in Ghana.
Keywords
Foreign Direct Investment (FDI),
Economic Growth,
Service Sector
References
Addison, T., and A. Heshmati (2003). The New Global Determinants of FDI Flows to Developing Countries: The Importance of ICT and Democratization. WIDER Discussion Paper No.2003/45. Helsinki: UNU-WIDER.
Alfaro, L., (2003). Foreign Direct Investment and Growth: Does the Sector Matter? Harvard University, Harvard Business School, Working Paper.
Antwi, S., Mills, E.F.E.A., Mills, G.A., and Zhao, X. (2013). Impact of foreign direct investment on economic growth: Empirical evidence from Ghana. International Journal of Academic Research in Accounting, Finance and Management Sciences Vol. 3, No.1, January 2013, pp. 18–25.
Balasubramanyam, V. N., Salisu, M., & Sapsford, D. (1999). Foreign Direct Investment as an Engine of Growth. Journal of International Trade and Economic Development, 8,27-40.
Balasubramanyam, V., Salisu, M., & Spasford D. (1996). Foreign Direct Investment and Growth in EP and IS Countries. Economic Journal, 106, 92-105.
Behname, M. (2012). Foreign direct investment and economic growth: evidence from Southern Asia. Atlantic Review of Economics, 2.
Bende–Nabende, A., Ford, J.L, Santoso, B., & Sen, S. (2003). The interaction between FDI, output and the spillover variables: co-integration and VAR analyses for APEC, 1965-99. Applied Economic Letters, 10(3), 165-172.
Bengoa, M., & Sanchez-Robles, B. (2003). Foreign direct investment, economic freedom and Economic Growth: New Evidence from Latin America. European Journal of Political Economy Vol. 19 (2003) 529–545, Elsevier.
How to Cite
UNPACKING THE RELATIONSHIP: FDI, ECONOMIC GROWTH, AND SERVICE SECTOR VALUE ADDITION IN GHANA. (2023). Global Journal of Humanities and Social Sciences, 2(12), 01-07. https://doi.org/10.55640/gjhss-social-323
Most read articles by the same author(s)
- Amirjon Mardonov, The Trajectory of Ai-Driven Credit Scoring and The Refinement of Legal Mechanisms for A Digital Future: Tort Disputes and Liability , Global Journal of Humanities and Social Sciences: Vol. 5 No. 03 (2026): Volume 05 Issue 03
- Dr. Vaishnav Kumar, EXAMINING THE IMPACT OF HAZARDOUS SLUM ENVIRONMENTS IN VISAKHAPATNAM CITY , Global Journal of Humanities and Social Sciences: Vol. 3 No. 11 (2024): Volume 03 Issue 11
- Dr. Gazmend Ajvazi, Forensic Document Examination in Kosovo's Judiciary: Influence on Court Decision-Making , Global Journal of Humanities and Social Sciences: Vol. 4 No. 06 (2025): Volume 04 Issue 06
- Sagatova Ziyodaxon Baxtiyarovna, The Role And Prospects Of Humanitarian Cooperation In The Development Of Cultural Diplomacy Between Uzbekistan And Turkey , Global Journal of Humanities and Social Sciences: Vol. 5 No. 02 (2026): Volume 05 Issue 02
- Dr. Jonathan M. Reynolds, Strategic Transformation of the Management Consulting Industry: Service Design, Business Models, and Value Creation in a Disrupted Global Market , Global Journal of Humanities and Social Sciences: Vol. 4 No. 09 (2025): Volume 04 Issue 09
- Dilsuz Salim qizi Boyquvatova, Factors Influencing Students' Personality, Motivation, And Interpersonal Relationships In The Academic Environment , Global Journal of Humanities and Social Sciences: Vol. 5 No. 01 (2026): Volume 05 Issue 01
- Gao Jianxun, Qiang Yuxin, Zhou Anping, The Dilemma of Anti-Suit Injunctions in Cross-Border SEP Disputes: Challenges and Pathways for China , Global Journal of Humanities and Social Sciences: Vol. 5 No. 03 (2026): Volume 05 Issue 03
- Amin ElSayed Ahmed Lotfy, Fair Value, Earnings Management, and Risk Disclosure in Financial Leas-ing: Evidence from Emerging and Developed Markets , Global Journal of Humanities and Social Sciences: Vol. 5 No. 03 (2026): Volume 05 Issue 03
- Dr. Julian C. Vance, Understanding How Non-Medical University Students Use Online Resources for Health Information: A Qualitative Study , Global Journal of Humanities and Social Sciences: Vol. 4 No. 10 (2025): Volume 04 Issue 10
- Dr. Ananya Kulkarni, Traditional Games and Physical Literacy: A Strategy to Reduce Sedentary Lifestyles Among Adolescents , Global Journal of Humanities and Social Sciences: Vol. 4 No. 08 (2025): Volume 04 Issue 08
Similar Articles
- Dr. Alisher K. Tursunov, Catalyzing Cooperation: An Analysis of Uzbekistan's Economic Diplomacy and its Ascendant Influence in Central Asia , Global Journal of Humanities and Social Sciences: Vol. 4 No. 09 (2025): Volume 04 Issue 09
- Anant Pradhan, UNVEILING EDUCATIONAL INVESTMENT PATTERNS: UNDERSTANDING FACTORS INFLUENCING FAMILY EXPENDITURE IN INDIA , Global Journal of Humanities and Social Sciences: Vol. 3 No. 04 (2024): Volume 03 Issue 04
- FAMILUGBA JONATHAN OLUROPO, IBITOYE MAJEKODUNMI OLUSESAN, ADEDAYO ADEDEJI MATTHEW, OJO MAYOWA CHRISTOPHER, The Resurgence of Military Coups in West-Africa States: The Case of Niger Republic and Its Implications on Peace, Security and Transnational Activities in Nigeria , Global Journal of Humanities and Social Sciences: Vol. 3 No. 04 (2024): Volume 03 Issue 04
- Khairul Fuzi, EXAMINING REGULATORY GOVERNANCE: A CASE STUDY OF MALAY MICRO-ENTREPRENEURS IN PENANG, MALAYSIA , Global Journal of Humanities and Social Sciences: Vol. 1 No. 01 (2022): Volume 01 Issue 01
- Jingfu Cheng, SUSTAINABLE PATHWAYS: STRATEGIES FOR DEVELOPMENT IN CHINESE ETHNIC REGIONS , Global Journal of Humanities and Social Sciences: Vol. 2 No. 02 (2023): Volume 02 Issue 02
- Tara Nath Ghimire, Dol Raj Kafle, Sujata Karki, DIPLOMATIC STRATEGIES OF KING PRITHVI NARAYAN SHAH IN UNIFICATION OF NEPAL , Global Journal of Humanities and Social Sciences: Vol. 3 No. 04 (2024): Volume 03 Issue 04
- Umar Beihai, Mukthar Nadeem Akhtar, MACROECONOMIC FACTORS AND POVERTY IN PAKISTAN: EXPLORING THEIR IMPACT ON RURAL-URBAN MIGRATION , Global Journal of Humanities and Social Sciences: Vol. 2 No. 01 (2023): Volume 02 Issue 01
- Amin ElSayed Ahmed Lotfy, Fair Value, Earnings Management, and Risk Disclosure in Financial Leas-ing: Evidence from Emerging and Developed Markets , Global Journal of Humanities and Social Sciences: Vol. 5 No. 03 (2026): Volume 05 Issue 03
- Aleksandr Ivanovich Petrov, Inadequacy of Referral-Only Methods: A Broad Civic Framework for Adolescent Custody Substitutes and Reconciliation-Oriented Interventions , Global Journal of Humanities and Social Sciences: Vol. 5 No. 04 (2026): Volume 05 Issue 04
- Seyed Alireza Ataei, UNRAVELING THE KEYS TO BANKING TRIUMPH: DECIPHERING CUSTOMER RECOGNITION OF ELECTRONIC BANKING SERVICES , Global Journal of Humanities and Social Sciences: Vol. 2 No. 05 (2023): Volume 02 Issue 05
1-10 of 36
Next
You may also start an advanced similarity search for this article.