Structural Vector Autoregressive Analysis of Crude Oil Price Shocks on Ghana’s Economy

Universal Journal of Finance and Economics | Vol 3, Issue 1

Figure 2

Plots of variables of interest; COP = Crude Oil prices (dollars per barrel), INFL = Inflation (GDP deflator), IR = Interest Rate, EXCH = Exchange rate (Ghanaian Cedi per U.S. dollar), GDPgr = GDP growth rate; Source: BoG (2021); World Bank (2021), and IFS (2021)

Figure 2. Plots of variables of interest; COP = Crude Oil prices (dollars per barrel), INFL = Inflation (GDP deflator), IR = Interest Rate, EXCH = Exchange rate (Ghanaian Cedi per U.S. dollar), GDPgr = GDP growth rate; Source: BoG (2021); World Bank (2021), and IFS (2021)