Descriptive statistics
| DCP | FI | GCF | GDP | INFL | TOPN | |
|---|---|---|---|---|---|---|
| Description | Domestic credit to public | FI | Gross capital formation | GDP | Inflation | Trade openness |
| Source | World bank data | Central bank of Ghanaa | World bank data | World bank data | World bank data | World bank data |
| Mean | 13.8730 | 1.6095 | 22.5199 | 6.0001 | 14.8971 | 0.8172 |
| Std. Dev. | 1.5758 | 0.1042 | 5.5340 | 2.6984 | 6.6704 | 0.1607 |
| Skewness | −0.2026 | 0.0815 | −0.3531 | 0.2271 | 1.1866 | 0.6657 |
| Kurtosis | 1.5852 | 2.3687 | 1.8548 | 4.8125 | 3.9336 | 2.2066 |
| Jarque-Bera test | 1.8951 | 0.3720 | 1.5840 | 8.1447 | 5.6911 | 2.1017 |
| Probability | 0.3877 | 0.8303 | 0.4529 | 0.1010 | 0.1181 | 0.3496 |
| DCP | FI | GCF | GDP | INFL | TOPN | |
|---|---|---|---|---|---|---|
| Description | Domestic credit to public | FI | Gross capital formation | GDP | Inflation | Trade openness |
| Source | World bank data | Central bank of Ghanaa | World bank data | World bank data | World bank data | World bank data |
| Mean | 13.8730 | 1.6095 | 22.5199 | 6.0001 | 14.8971 | 0.8172 |
| Std. Dev. | 1.5758 | 0.1042 | 5.5340 | 2.6984 | 6.6704 | 0.1607 |
| Skewness | −0.2026 | 0.0815 | −0.3531 | 0.2271 | 1.1866 | 0.6657 |
| Kurtosis | 1.5852 | 2.3687 | 1.8548 | 4.8125 | 3.9336 | 2.2066 |
| Jarque-Bera test | 1.8951 | 0.3720 | 1.5840 | 8.1447 | 5.6911 | 2.1017 |
| Probability | 0.3877 | 0.8303 | 0.4529 | 0.1010 | 0.1181 | 0.3496 |
Note(s): aThe Bank of Ghana (Central Bank) website has data from 1990 for broad money. The additional data were provided by a senior staff member of the Bank of Ghana
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