Correlation.

Correlation.

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The Ghanaian economy has been growing for the past three decades, but growth, redistribution, and sustainability have all faced obstacles. The economy has been largely grown in three major sectors of the economy i.e., Agri�culture, Service and Industry after 64 years of independence. This article is acomprehensive discussion of the contribution of...

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... the data provided in Table 4 The T statistics of the three sectors 6.432545 is greater than the critical values except IND and AGR which is less than the critical values so we accept the null hypothesis. There is therefore a significant contribution of all the three Sectors of the Ghanaian economy to the overall growth of GDP from 2001 to 2020. ...

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Ghana returned to democratic rule in 1993 after over a decade of military rule by the Provisional National Defence Council. Before that, the country went through a near economic meltdown resulting in a number of reforms including the Economic Recovery Program (ERP) in 1983 under the guidance of the World Bank and the International Monetary Fund. Since 1993 Ghana’s economic development strategy has evolved around macroeconomic stabilization and structural reforms leveraging on her democratic environment with the view to grow and transform her economy. Notwithstanding many challenges within the period, significant gains were made in terms of economic growth. However, Ghana’s economy remains largely undiversified with little change in its economic structure over the past three decades. Going forward, the exploits of countries like China should serve as a useful model for re-thinking the developmental path for Ghana.