Ofori-Boateng Kenneth

Publications (3) View all

• Source

  Available from: Ofori-Boateng Kenneth

  Article: SEIGNIORAGE REVENUE AND INFLATION IN THE GHANAIAN ECONOMY

  Insah Baba, Kenneth Ofori-Boateng
  [show abstract] [hide abstract]
  ABSTRACT: Governments may finance their budget deficits through aid, debt or borrowing from domestic and external sources. One of the reliable sources of government financing is the creation of base money. Meanwhile, the amount of money governments collect through m monetary expansion over time. Also, expected future inflation and (through the Fisher effect) to higher nominal interest rates. This study therefore investigated the seig inflation and confirmed the existence of seigniorage Laffer curve in Ghana. A quadratic estimation technique following Samimi estimation. Interestingly, the high seigniorage maximizing level of inf suggests that the economy of Ghana is far below the threshold of declining seigniorage revenue. Therefore, seigniorage as a financing source remains viable for the Ghanaian economy.
  African Journal of Social Sciences. 01/2013; 3(1):20-30.
• Source

  Available from: Ofori-Boateng Kenneth

  Article: A DYNAMIC ANALYSIS OF THE DEMAND FOR MONEY IN GHANA

  Nsah Baba, Kenneth Ofori-Boateng, Ohemang Williams
  [show abstract] [hide abstract]
  ABSTRACT: The demand function for money in any economy helps to ascertain the liquidity needs of the economy. In this regard, it is imperative for governments and policy makers to understand the factors that influence this functio stable long-run relationship between these factors and the money stock. The main methodological and empirical contribution of this paper is to investigate the dynamics of money demand in Ghana using Dynamic Ordinary Least Squares (DOLS). This is achieved through a dynamic specification of a log money demand function to ascertain the relevant elasticities of money demand. The study found that apart from the scale variable, inflation exchange rate elasticities are negative. Also lagged values of these variables are important determinants of money demand in Ghana. The results indicate that there is a stable money demand function. Further, changes in past and current macroeconomic activity and past and current levels of econ
  European Journal of Social Sciences 01/2013; 3(2):19-29.
• Source

  Available from: Ofori-Boateng Kenneth

  Article: AN EMPIRICAL ANALISIS OF THE IMPACT OF CLIMATE CHANGE ON COCOA PRODUCTION IN SELECTED COUNTRIES IN WEST AFRICA.

  Kenneth Ofori-Boateng
  [show abstract] [hide abstract]
  ABSTRACT: The study examined the impact of climate change on cocoa production in Ghana, Nigeria and Cote D’Ivoire from 1969 to 2009. A translog production function based on agronomic ideas was employed. The model was estimated using time series data with the Engle-Granger Error Correction Technique (ECM). The result shows that the two climatic variables, their lags and interaction with other leading variables have various degrees of impact on cocoa output in the selected countries. The ECM showed different speed of adjustment to long run equilibrium. It is therefore recommended that the authorities in these countries develop adaptation strategies that would fit into local climatic conditions. This could take the form of extension services to enhance the maintenance of cocoa shade that contributes to buffering temperatures and also improve hydrological cycling. Establishment of irrigation systems in farms through the provision of infrastructure, education and training for cocoa farmers are also encouraged.
  Journal of Sustainable Development in Africa. 12/2011; 13(3):1-27.