Export Efficiency and Diversification in Ghana
Date
2021-03
Authors
Obeng, Camara K.
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Abstract
Ghana needs to expand its export base to generate sufficient foreign exchange
earnings for economic transformation. There is, therefore, a need to examine
the efficiency of the existing export basket and explore new products to add to
it. This study employs the stochastic frontier gravity model to investigate the
efficiency of bilateral exports of Ghana using a panel of 44 export destination
countries for the period 2000 to 2018. In addition, a product space analysis is
carried out to ascertain which other products Ghana must diversify into in order
to engender the transformation required for the attainment of Sustainable