The Impact of Money Supply on Inflation, A Case of Ghana

This study examines the impact of money supply on inflation in Ghana. Annual data from 1967-2015 were used to estimate the model. The study is limited to the use of money supply as independent variable on the dependent variable which is inflation. In Ghana, the Bank of Ghana is responsible for controlling money supply. The results showed a long-run positive relationship between money supply and inflation based on an Ordinary Least Squares.