Table 1

Descriptive statistics

 DCPFIGCFGDPINFLTOPN
DescriptionDomestic credit to publicFIGross capital formationGDPInflationTrade openness
SourceWorld bank dataCentral bank of GhanaaWorld bank dataWorld bank dataWorld bank dataWorld bank data
Mean13.87301.609522.51996.000114.89710.8172
Std. Dev.1.57580.10425.53402.69846.67040.1607
Skewness−0.20260.0815−0.35310.22711.18660.6657
Kurtosis1.58522.36871.85484.81253.93362.2066
Jarque-Bera test1.89510.37201.58408.14475.69112.1017
Probability0.38770.83030.45290.10100.11810.3496

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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