Henry, KYEREMEH

  Comments (174) World trade growth has slowed significantly according to the OECD Continue reading the main story Global Economy What's the matter with Spain? What's the matter with Italy? Is the euro about to capsize? How might Greece leave the euro? The OECD has warned that the eurozone and UK could be entering a recession, and has cut its global growth forecast. The OECD predicted the eurozone economy would shrink in the fourth quarter by 1%, and by 0.4% in the first quarter of next year. For the UK, the OECD's predictions are a 0.03% contraction this quarter, and a further 0.15% next. The group also revised down its forecast for global economic growth to 3.8% this year and 3.4% next year. Events A "negative event" in the eurozone, such as a default by Italy or Spain, could even cause a global contraction, the OECD said. The Organisation for Economic Cooperation and Development represents wealthy cou...

ABSTRACT Remittance flow to Ghana have been growing rapidly in recent times, making it one of the largest sources of financing which are unrequited. This research work analyzes the macroeconomic determinants of worker remittance to Ghana using vector error correction model (VECM) and finds out that growth of remittance in recent times to Ghana could be explained by both the host country’s economic condition as well as the home country’s economic situation. It was however, not clear if indeed, remittance was countercyclical – that is, during periods of nadir economic growth in Ghana remittances turn to decline. Altruistic motive dominate the notion for which people living outside Ghana remit home. All the variables in the VECM estimation were found to be of economic relevance in elucidating remittance flow, even though average unemployment rate was not statistically significant.