ISSN: 2222-6990
Open access
International trade has been a major bedrock of global economy and almost every country depends on it. Ghana, a developing country, is no different from countries that rely heavily on international trade. The COVID-19 pandemic that has hit the world lead to almost every country closing its borders, resulting in a halt of trade between countries. Among the major trading partners of Ghana are China, USA, India, Netherlands, and South Africa. All of these countries have placed restrictions on traveling due to the outbreak and this is anticipated to negatively affect trade. The purpose of this study is to assess the possible impact of the COVID-19 pandemic on the relationship between international trade and Ghana’s economic growth. The aim of the study is achieved through reviewing of existing literature.
African Development Bank. (2020). Ghana Economic Outlook. Retrieved on 2th August 2020 from https://www.afdb.org/en/countries/west-africa/ghana/ghana-economic-outlook
Basem, M. L., & Abeer, A. (2011). The Impact of Foreign Direct Investment On Economic Growth in Jordan. IJRRAS, 8(2), 253-258
Bengoa, M., & Sanchez. (2003). Foreign direct investment, economic freedom and growth: New evidence from Latin America, European Journal of Political Economy, 19 (3): 529–545
Boakye, R. N., & Gyamfi, E. (2017). The impact of foreign trade on the economic growth of Ghana. International Journal of Business Marketing an Management 2(3), 20-26
The World Bank, (2019). The World Bank in Ghana. Retrieved on 1st August 2020 from https://www.worldbank.org/en/country/ghana/overview
Borensztein, E., De Gregorio, J., & Lee, J-W., (1998),. How Does Foreign Direct Investment Affect Economic Growth?, Journal of International Economics, 45 (1), 115-135.
Hansen, ?., & Rand, J. (2006). On the causal links between FDI and growth in developing countries. World Economy, 29 (1): 21 – 41
Li, X., Liu, X. (2005). Foreign Direct Investment and economic growth: An increasingly endogenous relationship. World Development, 33 (3): 393–407
Omri, A., Nguyen, D. K., & Rault, C. (2014). Causal interactions between CO2 emissions, FDI and economic growth: Evidence from dynamic simultaneous-equation models, Economic Modeling, 42: 382-389
Owusu, A. K. J. (2019). Impact of foreign direct investment on economic growth in Ghana. University of Ghana, Legon.
Santander Trade Market. (2020). Ghana: Foreign Investment. Retrieved on 4th August 2020 from https://santandertrade.com/en/portal/establish-overseas/ghana/investing
Sunday, G., & Ango, Y. I. (2017). Analysis of the Impact of Foreign Direct Investment on Economic Growth in Nigeria. International Journal of Operational Research in Management, Social Sciences and Education, 3(2), 88- 100.
Workman, D. (2020). Ghana’s Top 10 Exports. Retrieved on 1st August 2020 from http://www.worldstopexports.com/ghanas-top-10-exports/
Mbewa, D. O. (2020). Ghana’s economic growth projection lowered to 0.9%: minister. CGTN Africa, July 23
In-Text Citation: (Yamoah, & Li, 2020)
To Cite this Article: Yamoah, D. E., & Li, W. (2020). A Review of International Trade and Ghana’s Economic Growth Amidst the Covid-19 Pandemic. International Journal of Academic Research in Business and Social Sciences. 10(9), 651-659.
Copyright: © 2020 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode