Prof. Eric Fosu Oteng-Abayie


Dept: Economics
Department of Economics
Kwame Nkrumah University of Science and Technology, Kumasi

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Research Areas/Interests

Energy and enviornmental sustainability; international economics; global value chain analysis; macro-fiscal policy; development microeconomics...~more

My full CV



    1. Arhin, K., Oteng-Abayie, E.F. & Novignon, J. (2023). Cost efficiency of primary health care facilities in Ghana: stochastic frontier analysis. Discover Health Systems, 2, 31.
    2. Arhin, K., Oteng-Abayie, E. F., & Novignon, J. (2023). Effects of healthcare financing policy tools on health system efficiency: Evidence from sub-Saharan Africa.Heliyon, e20573.
    3. Oteng-Abayie, E.F., Duodu, E., Oduro, S., and Baidoo, S.T. (Accepted 2023). Greening the Future: Unveiling the Link between Industrial Structure Upgrading and Pollution Emission in Sub-Saharan Africa. Cogent Economics & Finance 
    4. Oteng-Abayie, E.F., Dramani, J.B., Sulemana, M., & Adusah-Poku, F. (2023). The Asymmetric Effects of Oil Price Shocks on Aggregate Demand for Goods and Services in Ghana. Journal of Energy2023.
    5. Arhin, K., Oteng-Abayie, E.F., & Novignon, J. (2023). Assessing the efficiency of health systems in achieving the universal health coverage goal: evidence from Sub-Saharan Africa. Health Economics Review13(1), 1-16.
    6. Oteng-Abayie, E.F., Dramani, J.B., Adusah-Poku, F., Amanor, K., & Quartey, J.D. (2023). Decomposition and drivers of energy intensity in Ghana. Energy Strategy Reviews47, 101090.
    7. Amanor, K., Oteng-Abayie, E.F., Osei-Fosu, A. K., & Frimpong, P. B. (2023). A decomposition analysis of microcredit welfare gaps in Ghana. A gender analysis. Social Sciences & Humanities Open7(1), 100464.
    8. Oteng-Abayie, E.F., Amanor, K., & Osei-Fosu, A.K. (2023). Spatial analysis of the effect of microfinance on poverty and inequality in Ghana. Journal of Social and Economic Development25(1), 196-231.
    9. Abakah, E.J.A., Tiwari, A.K., Adekoya, O.B., and Oteng-Abayie, E.F. (2023). An analysis of the time-varying causality and dynamic correlation between green bonds and US gas prices. In Special Issue: Climate Change, Technological Innovation, and Social Change. Technological Forecasting and Social Change, Elsevier.
    10. Baajike, F.B., Ntsiful, E., Afriyie, A.B., Oteng-Abayie, E.F. (2022). The Effects of Economic Growth, Trade Liberalization, and Financial Development on Environmental Sustainability in West Africa. The Role of Institutions. Research in Globalization, Elsevier.
    11. Oteng-Abayie, E.F., Mensah, G., & Duodu, E. (2022). The role of environmental regulatory quality in the relationship between natural resources and environmental sustainability in sub-Saharan Africa. Heliyon8(12).
    12. Kwakwa, P.A., Adzawla, W., Alhassan, H., & Oteng-Abayie, E.F. (2022). The effects of urbanization, ICT, fertilizer usage and foreign direct investment on carbon dioxide emissions in Ghana. Environmental Science and Pollution Research, Springer Nature.
    13. Agyeman, G. Sakyi, D. & and Oteng-Abayie, E.F. (Forthcoming, 2022). External debt and economic growth in selected sub-Saharan African countries: the role of capital flight. Research in Globalization, Elsevier.
    14. Sandow, J.N., Oteng-Abayie, E.F., Duodu, E. (2022). External Debt and Economic Growth in Sub-Saharan Africa: Does heterogeneity in the quality of public sector management make a difference? Heliyon 8(9), Elsevier.
    15. Oteng−Abayie, E.F., Asaki, F.A., Eshun, M.E., & Abokyi, E. (2022). Decomposition of the decoupling of CO2 emissions from economic growth in Ghana. Future Business Journal, Springer Nature.
    16. Sandow, J.N., Oteng-Abayie, E.F., Sakyi, D. & Obuobi, B. (2022). Financial sector development and natural resource rents: The role of institutions in Sub-Saharan Africa. Environmental Science and Pollution Research., Springer Nature.
    17. Duodu, E., Oteng-Abayie, E.F., Frimpong, P.B., & Takyi, P.O. (2022). The impact of the Compact with Africa Initiative on foreign direct investments and environmental pollution. Management of Environmental Quality, Emerald.
    18. Dwumfour, R.A., Oteng-Abayie, E.F., & Mensah E.K. (2022). Bank efficiency and the bank lending channel: new evidence. Empirical Economics,, Springer Nature.
    19. Asiamah, N., Mensah, H.K., & Oteng-Abayie, E.F. (2022). Non-Probabilistic Sampling in Quantitative Clinical Research: A Typology and Highlights for Students and Early Career Researchers. International Journal of Applied Research on Public Health Management (IJARPHM), 7(1), 1-18. doi: 10.4018/IJARPHM.290379 , IGI.
    20. Sandow, J.N., Duodu, E., & Oteng-Abayie, E.F., (2021). Regulatory Capital Requirements and Bank performance in Ghana: Evidence from Panel Corrected Standard Error. Cogent Economics and Finance, 9(1),, Taylor and Francis.
    21. Duodu, E., Kwarteng, E., Oteng-Abayie, E.F., & Frimpong, P.B. (2021). Foreign direct investments and environmental quality in sub-Saharan Africa: the merits of policy and institutions for environmental sustainability. Environmental Science and Pollution Research, 28 (2), pp. 1–20. doi:10.1007/s11356-021-15288-1
    22. Gatune, J., Commodore, R., Darko, R., Atengble, K.O., Harris, D., Oteng-Abayie, E.F., Shah, N., Bainson, A.K., Fenny, A., Osei, C., and Rosengren, A. (2021). The role of evidence in policymaking in Ghana: a political economy analysis, SEDI: Oxford.
    23. Oteng-Abayie, E.F., Awuni, P.A., & Adjei, T.K. (2020). The Impact of Inward Remittances on Economic Growth in Ghana. African Journal of Economic Review8(3), 49-65.
    24. Sulemana, M., Halm, A., Oteng-Abayie, E.F. (2020). In Search of Inflation Limits for Financial Sector Development in ECOWAS and SADC regions: A Panel Smooth Transition Analysis. Cogent Economics & Finance, DOI:10.1080/23322039.2020.1722306
    25. Kamasa, K., Adu, G. & Oteng-Abayie, E.F. (2019). Firm Productivity in Sub-Saharan Africa: How relevant is Quality of Tax Administration?, African Journal of Economic and Management Studies, Vol. 11 No. 1, pp. 75-90.
    26. Abokyi, E., Appiah-Konadu, P., Abokyi, F., & Oteng-Abayie, E. F. (2019). Industrial growth and emissions of CO2 in Ghana: The role of financial development and fossil fuel consumption. Energy Reports, 5, 1339–1353. doi:10.1016/j.egyr.2019.09.002, Elsevier.
    27. Kamasa, K., Adu, G. & Oteng-Abayie, E.F. (2019). Business environment and firms’ decisions to evade taxes: evidence from Ghana. African Journal of Business and Economic Research, 14 (1), 135-1. DOI:
    28. Kamasa, K., Adu, G. & Oteng-Abayie, E.F. (2019). Tax Compliance in Sub-Saharan Africa: How Important are Non-Pecuniary Factors? African Journal of Economic Review, 7(1), 154-175.
    29. Oteng-Abayie, E.F., Ussif, A.A. & Yusif, H.M. (2019). Financial Development and Agricultural Output in Ghana. Future Business Journal.
    30. Abokyi, E., Appiah-Konadu, P., Sikayena, I., and Oteng-Abayie, E.F. (2018). The Effect of Electricity Consumption on Industrial Growth in Ghana. Journal of Energy, Hindawi.
    31. Oteng-Abayie, E.F. and Dramani, J. B. (2018). Time-frequency domain causality of prime building cost and macroeconomic indicators in Ghana: Implications for project selection. Journal of Construction Management and Economics, Taylor & Francis Online.
    32. Oteng-Abayie, E.F., Affram A., and Mensah, H.K. (2018). The Impact of Corporate Governance on Rural Bank Performance in Ghana. Econometric Research in Finance, 3(2), 93-118.
    33. Sulemana, M., Dramani, J.B. and Oteng-Abayie, E.F. (2018). Foreign banking entry: Implications for banking stability in Sub-Sahara Africa. African Review of Economics and Finance, Vol. 10(1), 54 – 81.
    34. Oteng-Abayie, E.F., Awuni, P.A., and Eshun, M.E. (2018). Macroeconomic determinants of crude oil demand in Ghana. Global Business Review, 19(4) 873–888. DOI: 10.1177/0972150918772923.
    35. Oteng-Abayie, E.F. (2017). Technical Efficiency and Total Factor Productivity of Rural Banks in Ghana. Cogent Economics & Finance, 5: 1366088. doi:10.1080/23322039.2017.1366088
    36. Asiamah, N., Mensah, H.K., and Oteng-Abayie, E.F. (2017). General, Target, and Accessible Population: Demystifying the Concepts for Effective Sampling. The Qualitative Report, 22(6): 1607-1622 (2017).
    37. Asiamah, N., Mensah, H. K., & Oteng-Abayie, E.F. (2017). Do Larger Samples Really Lead to More Precise Estimates? A Simulation Study. American Journal of Educational Research, 5(1), 9-17.
    38. Oteng-Abayie, E. F., Owusu-Ansah, B., and Amanor, K. (2016). Technical Efficiency of Credit Unions in Ghana. Journal of Finance and Economics, vol. 4(3): 88-96. doi:10.12691/jfe-4-3-3.
    39. Oteng-Abayie, E.F. and Doe, S.K. (2013). Inflation and Inflation Uncertainty in Ghana. Journal of Business Mgt. and Economics, Vol. 4(12). pp. 259-266.
    40. Oteng-Abayie, E.F. and Annan, J. (2012). Assessment of the impact of Rice supply chains on yield on the local rice industry in Ghana, The Business Review, Cambridge, Vol. 20, No. 2.
    41. Oteng-Abayie, E.F. (2011). Government Expenditure and Economic Growth in Five ECOWAS Countries: A Panel Econometric Estimation. Journal of Economic Theory, 5(1), 11-14.
    42. Oteng-Abayie, E.F., Amanor, E. and J.M. Frimpong. (2011). The Measurement and Determinants of Economic Efficiency of Microfinance Institutions in Ghana: A Stochastic Frontier Approach. African Review of Economics and Finance (AREF) 1(1).
    43. Oteng-Abayie, E.F. and Frimpong J.M. (2011). On the Predictability of Inflation Rate in Ghana: A Box-Jenkins Approach. International Journal of Economic Perspectives, Vol. 5 (1). (ISSN: 1307-1637).
    44. Oteng-Abayie, E.F. and Frimpong J.M. (2010). When is Inflation Harmful? Estimating the Threshold Effect for Ghana. J. Econ. Bus. Admin., 2:232-239. DOI:10.3844/ajebasp.2010.232.239.
    45. Oteng-Abayie, E.F. and Frimpong J.M. (2009). Size of Government Expenditure and Economic Growth in Three WAMZ Countries. The Business Review, Cambridge, Vol.13 (2), pp.175. (ISSN 1553 – 5827).
    46. Oteng-Abayie, E.F. and J. Appiah-Nkrumah (2009). Estimating an Aggregate Import Demand Function for Ghana. Journal of Science and Technology. Vol. 29 (2), pp. 54 – 62. (ISSN 0855 – 0395).
    47. Frimpong J.M. and Oteng-Abayie, E.F. (2006). Aggregate Imports Demand and Expenditure Components in Ghana: An Econometric Analysis. Journal of Social Sciences 4(1): pp.1 – 6.
    48. Frimpong J.M. and Oteng-Abayie, E.F. (2006). The Impact of External Debt on Economic Growth in Ghana. Journal of Science and Technology, Vol.26 No.3, pp. 121-130. 



    1. Country Consultant (Economic Governance and Public Finance Sections of MGD): Financial challenges of Lower-Middle Income Countries (LMICs): A case study of Ghana. Economic Commission for Africa (RB:10UNA/17210/IO-11605201/A20)– 12th January–12th February, 2021.
    2. Consultant (Economics): Pathways to Investment: Assessment of Investment Potential in Ghana (G20 Compact with Africa Reforms Project). GIZ / ACET-Ghana. September – December 2020.
    3. Consultant (PFM/Tax expert): Strengthening the use of Evidence for Development Impact (SEDI) Project: Political Economy and Evidence Ecosystem Analysis - Public Financial Management/Tax Sector in Ghana. DFID/OPM/ODI/ACET-Ghana. September 2019 – March 2020.
    4. Researcher: Business Incentives and Tax expenditures in Ghana. Tax Policy Unit (TPU), Revenue Policy Division (RPD), Ministry of Finance (MoF).
    5. Principal Investigator: A socio-economic analysis of condom use among Female Sex Workers in selected Cities in Ghana: Implications for public health policy. KNUST Research Fund (KReF), Kwame Nkrumah University of Science and Technology, Ghana. May 2019.
    6. Co-Investigator: Powering the powerless: Impact of rural electrification in Ghana. International Growth Centre (IGC), London School of Economics. December 2017
    7. Researcher: The asymmetric effects of oil price shocks on aggregate demand in Ghana. GOGIG/ Oxford Policy Management. September 2017
    8. Consultant: Economic Analysis of Solar PV power in Government Senior High Schools and Hospitals in Ghana. Submitted to Prefoss Limited, Kumasi-Ghana. January 2017
    9. Researcher: Case study on AngloGold Ashanti Malaria Control and public private partnerships in Ghana’s health sector to extract value from extractives projects. Impact Evaluation of programme outcomes and impact. Report submitted to AfDB/NRM. December 2015
    10. Team Member: Draft Joint Proposal and Budgets: Growth & Employment and Environment & Climate Platforms. Universities Denmark and International Programmes Office, KNUST. March 2011
    11. Economist/ Business Systems Expert: Biogas Research and Development – RenD. Proposal Development for Funding on Biogas Research. The Energy Centre, KNUST. November 2009
    12. Consultant: Microfinance Consulting, Business Planning and Operational Review of Golden World Susu Investments Ltd. Report to access Planet Finance Loan. Submitted to management. July 2005
    13. Consultant: Training of Trainers and Project officers on Non-financial Services for Microfinance, Nsoatreman Rural Bank, Sunyani, Ghana. Training delivered to Rural Banks Project Officers. April 2005
    14. Consultant: Development of Non-financial Services Manual for Nsoatreman Rural Bank, Sunyani, Ghana. Funded by ADF Credit with Education. Manual submitted to Bank Management. March 2005
    15. Consultant: Bank of Ghana – RFSP I / Ministry of Finance and Economic Planning, Performance Monitoring and Benchmarking of Rural & Microfinance Institutions in Ghana. Technical Report submitted to Bank of Ghana. May – Oct., 2004
    16. Training Consultant: GTZ-RFSP/ARB APEX Bank, Training of all Rural and Community Banks in Ghana. Delinquency Management and Portfolio Reporting for RCBs in Ghana. Training delivered Rural Banks Managers and Project Officers. (January/ February/ April, 2004)
    17. Training Consultant: GHAMFIN/Ministry of Finance and Economic Planning, Performance Benchmarking for Microfinance NGOs and CBOs in Ghana. Technical Report submitted to GHAMFIN. – Jun., 2003


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