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    Ghana’s Foreign Direct Investment inflow and the impacts on Real GDP Growth
    (Університет імені Альфреда Нобеля, 2021) OSEI, Wilfred Padmore
    The heightened competition to attract FDI inflows into developing and transition economies especially in Sub-Saharan Africa has spawned debate among Economists pertaining to the relevance of FDI in stimulating economic growth (Agrawal, G. and Khan, M.A. (2011)). This study seeks to assess the impact of FDI inflows into Ghana on real GDP growth. Data spanning a period of 20 years (2000 to 2019) from UNCTAD, World Bank, GIPC, and Bank of Ghana are used. Additionally, the literature review in this research was made possible by the availability of both local and international journal articles. The author employs two strands of related statistical methods to predict the level of correlation between FDI and real GDP growth. The coefficients of correlation by Pearson’s r and Spearman’s rho indicate that the nexus between Ghana’s FDI and Real GDP growth from 2000 to 2019 is very weak. The study advanced that FDI inflow into the country can be harnessed to prepare adequately for the fourth industrial revolution; develop an economic cluster by drawing worthy lessons from the USA’s Silicon Valley, and to mitigate all forms of environmental nuisances. Finally, it recommends that studies be conducted to investigate the connection between outflow of FDI and GDP growth in Ghana since there is lack of empirical evidence on it.