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Effect of External Debt on Real Gross Domestic Product Growth Rate of Nigeria, Ghana and Benin Republic

The study investigated the impact of external debt on gross domestic product growth rate of Nigeria, Benin Republic and Ghana from 1986 to 2021. Real gross domestic product growth rate was the proxy for macroeconomic indicators, while external debt was the independent variables. Ex post facto research design was adopted in this study. Data were sourced from the various issues of the Central Bank of Nigeria (CBN) statistical bulletin, Bank of Ghana, Bank of Benin Republic and statement of account as well as the National Bureau of statistics Annual Reports. Vector Error Correction and Autoregres…

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    from https://iiardjournals.org/get/IJBFR/VOL. 11 NO. 4 2025/EFFECT OF EXTERNAL DEBT 27-44.pdf