This article investigates the relationship among foreign direct investment, trade openness and economic growth in Ghana taking the period of post-liberalization covering 1975-2017. The Augmented Dickey-Fuller (ADF) test for unit root, regression analysis, descriptive analysis, and Pearson correlation was used to investigate the relationships. ADF test for unit root result shows all variables to be integrated of order one, that is they are stationary after the first difference. The study extracted and used secondary data sources derived from the World Development Indicators (WDI) of the World Bank and Bank of Ghana website over the period 1975-2017. The study proxied foreign direct investment, inflation, and trade openness were used as an independent indicator while GDP growth (annual %) was the dependent indicator. Using the Ordinary Least Squares (OLS) estimator, the study revealed that trade openness is the main factor affecting GDP growth (annual %) in Ghana. Also, the study finds that foreign direct investment and Inflation had (−, or +) impact but were not statistically significant on GDP growth (annual %). Therefore, the study concludes by recommending robust measures to enhance trade openness in terms of encouraging exports and inflow of FDI through the creation of an enabling and friendly environment to do business for output growth dynamics in Ghana.

This study examined the impact of remittance on the real exchange rate on Ghana economic performance. The study extracted and used secondary data sources derived from the World Development Indicators (WDI) of the World Bank and Bank of Ghana websites over the period 1970-2016. Trade openness, government public debt, remittance, terms of trade, capital flow were used as independent variable and real exchange rate as the dependent variable. Using the Ordinary Least Squares (OLS) estimator, the study established that government public debt, trade openness and capital flow had significant impact on real exchange rate in Ghana. The study also established that remittance and terms of trade have no significant impact on real exchange rate. The analysis further suggests that, in the long run, a change in the real exchange rate is generally related to movement in economic fundamentals.