This work examines the critical role of agricultural finance and investment in reducing rural poverty in Ghana, focusing on the dynamic interactions between financial support, government expenditure, inflation, and poverty levels. The study uses advanced econometric techniques, particularly wavelet coherence analysis, to examine how these factors influence rural poverty across different time horizons and frequency domains. We employed monthly data from 1990 to 2022 to determine the effectiveness of agricultural finance and public investments in addressing poverty at various levels. The results indicate that while agricultural finance plays a vital role in poverty reduction, it often acts as a reactive measure, responding to rising poverty levels rather than preempting them. Government expenditure on agriculture shows a more immediate and direct bearing on dropping rural poverty, emphasizing the importance of consistent community investment. Additionally, the study finds that inflation has a complex and indirect influence on rural poverty, affecting different regions and populations in varied ways. These findings offer important insights into the need for sustained and strategic financial policies and investments to mitigate rural poverty in Ghana effectively.
This research employs a wavelet coherence technique to analyze the dynamic inter-connectedness between the US dollar and five major global currencies: Japanese Yen, Canadian Dollar, Euro, British Pound, and Australian Dollar. Daily frequency data from 01/01/2/2019 to 30/08/2024 are used. These currencies are highly correlated and integrated over the long run. The British Pound and Australian Dollar sometimes lead global currency markets despite the US dollar’s dominance. These findings contradict that the US dollar dominates and show that global currency connections are reciprocal. Safe-haven currencies like the Japanese Yen have more significant negative correlations with the US dollar during economic instability, giving investors hedging possibilities. The research shows how macroeconomic variables and global market circumstances shape currency interdependencies and provides insights for investors, policymakers, and risk managers. Recommendations for additional study include investigating geopolitical implications on currency dynamics and expanding the investigation to developing economies. These results have substantial implications for controlling currency risk and creating international monetary policy.