期刊名称:International Journal of Finance and Accounting
印刷版ISSN:2168-4812
电子版ISSN:2168-4820
出版年度:2018
卷号:7
期号:4
页码:97-107
DOI:10.5923/j.ijfa.20180704.02
语种:English
出版社:Scientific & Academic Publishing Co.
摘要:Several studies have used different methodologies to establish the link between FDI and economic growth. This study extends literature of the impact of FDI on economic growth in Ghana to include the impact of FDI on performance of Commercial banks in Ghana. The study used secondary data of FDI and macroeconomic variables from the World Bank data on countries while extracting financing data from the annual report of commercial banks over a 10 year period. The correlation as well as the regression results shows that FDI inflows have a positive and significant effect on the profitability of commercial banks in Ghana. Also, the study revealed that FDI is positively associated and statistically significant with economic growth both in the short run and in the long run. The study recommends that a comprehensive study be done on the subject matter using specific FDI inflows to the banking sector and bank performance banks to understand the exact impact of FDI on economic growth. The study also calls for government to step up effort to encourage more FDI inflows into the country.