This study tests the validity of the hypothesis that the regulatory and macroeconomic environments and the disparity between domestic and international interest rates are important determinants of short-term foreign debt stock in a developing economy like Ghana. This study employs a time series econometric analysis of annual secondary data covering the period 1970 to 2012. More specifically, the bounds testing approach is used to estimate the impact of potential determinants-identified in the theoretical and empirical literature-on the real stock of short-term foreign debt in Ghana. The study finds that a reduction in regulatory restrictions on external borrowing, a widening of the disparity between domestic and international interest rates, economic growth performance and domestic financial deepening lead to increases in the shortterm foreign debt stock in both the long and short run, respectively. The short-term foreign debt stock reduces in response to an increase in trade openness in the short run, and to international debt relief initiatives by multilateral development institutions in the long run.

We use field data to investigate factors that influence parents' decisions to enrol children in schools in rural Ghana. The empirical results identified a host of socio-economic and household-level factors including remittances parents expect from investing in education, parents perception of a child's desirable professions, cost of schooling and discount rate as significant determinants of parental school enrolment decision. When gender of the child and remittances are taken into account, we show male parents are more likely to invest in education of boys than girls because they expect significantly higher returns from their investment in boys. Female parents do not show such gender preference. The proportion of children enrolled in school is positively related to average cost of schooling for male parents Gender of parent plays a significant role in school enrolment decision making.

This paper examines the relationship between inflation and economic growth in Ghana. Using quarterly data from 1986Q1 to 2012Q4. The study employs Co-integration and error correction model. The study reveals that capital, government expenditure, labour force and money supply have a positive impact on GDP. In addition, inflation and interest rate has a decreasing impact on economic growth. The study recommends inflation targeting as best monetary policy. There is the need for government to increase expenditure in the area of infrastructure development and human capital to increase output.

This paper assesses the determinants of school enrolment in Ghana during the period from1970-2012 using data from World Bank Development Indicators.The study employed the Bayesian Moving Average model (BMA) in order to address the issue of model uncertainty. By making use of 28 regressors as possible determinants of school enrolment, the results of the empirical analysis show that percentage of female teachers in the community, number of schools in the community, household expenditure, labour force with primary education, progression rate to secondary level. Among others are the factors that influence enrolment level. The results are robust with the change of coefficient priors in the estimated model. Government should introduce the quota system where more females will be trained as teachers and also introduce more programmes to reduce fertility rate.

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