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The study looked at the effect of macroeconomic policies on services output in Ghana from the period 1980 to 2012. The method of the ordinary least squares estimation was used. The model was free from multicollinearity, autocorrelation and heteroscedasticity problems. GDP per capita was found to affect services output positively and it was statistically significant. Government spending and public enemy number one, which is inflation were found to negatively affect services production in Ghana. They were each statistically significant at the 5% significance level. In view of these, macroeconomic policies that enhance favourable economic expansion, ensure effective and efficient government spending and reduce the rate of inflation should be formulated and implement correctly to ensure the continual growth and development of the services sector and Ghana as a whole.
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(Enu & Attah-Obeng, 2013)
Enu, P., & Attah-Obeng, P. (2013). Effect of Macroeconomic Policies on Services Production in Ghana (1980 – 2012). International Journal of Academic Research in Economics and Management Sciences, 2(5), 153–162.
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