TITLE:
Impact of FDI on Economic Growth, Employment, and Poverty Reduction in Ghana
AUTHORS:
Shadrach Ato-Mensah, Wei Long
KEYWORDS:
FDI, Economic Growth, Employment, Poverty Reduction, Ghana
JOURNAL NAME:
Open Journal of Business and Management,
Vol.9 No.3,
May
28,
2021
ABSTRACT: The Republic of Ghana is one of the most economically developed countries
in West Africa. In the past 10 years, Ghana’s economy has maintained a sound
momentum and strong economic growth. The Republic of Ghana regards foreign
direct investment (FDI) as a key factor in promoting its economic growth. This
article separates economic growth, employment and poverty reduction, and focuses on the single impact of foreign direct
investment (FDI) on Ghana’s economic growth, employment and poverty. The research in this article shows that foreign direct
investment can promote the economic development of Ghana, and foreign direct
investment can increase employment opportunities in Ghana and reduce poverty at
the same time. Finally, this article gives corresponding recommendations based
on the research conclusions: In maintaining sustainable economic growth,
favorable policies should be adopted to encourage and support Ghana, so as to attract more foreign direct investment
to stimulate economic growth.