دور السياسة المالية في جذب تدفقات الاستثمار الأجنبي المباشر لغانا : دراسة قياسية للفترة (2000- 2018)‎

Abstract EN

Foreign direct investment is considered amovement of international capital and a source of external financing.

An investment aimed at attracting this type of investment, and this research study aims to measure the role of fiscal policy in the side of foreign direct investment flows to Ghana during the period (2000-2018), by using a standard model using the regular small squares method.

The measurement study found that there is a role for fiscal policy in Ghana in influencing foreign direct investment flows through its tools (public spending, public revenues, public loans), and this is known as the direct effect of fiscal policy, and this role was positive with public spending, and negatively with revenues and public debt balance, as well as the fiscal policy found an indirect effect on foreign direct investment flows to Ghana through some variables related to the fiscal policy, such as the GDP variable, the current balance of payments variable, and its effect differed from the other variable.

The study recommends working to address the budget deficit during the activation of current revenues, and as far as possible from resorting to loans because of their negative impact on foreign direct investment flows, as well as working on developing, strengthening and modernizing the infrastructure of the economy because of its positive impact in attracting foreign direct investment inflows.

To Ghana, and finally to re-study the financial and tax incentive structure for domestic and foreign investors; As it is insufficient in attracting foreign direct investment in Ghana.