The Dutch Disease in an Emerging Oil Economy Empirical Evidence in the Ghanaian Context

Abstract

This study investigated the ‘Dutch Disease’ hypothesis in the Ghanaian context by examining the performance of Ghana’s economy before and after its recent oil discovery. The study utilized secondary source data gathered from the Ghana Statistical Service and the Bank of Ghana. Using a t test assuming independent samples of equal variance, the study came to the conclusion that there were mixed evidence of the Dutch Disease effects in Ghana’s emerging oil economy.