Исследования нефти и газа

Абстрактный

The Effect of Exchange Rate and Crude Oil Price Volatility on the Performance of the Petroleum Downstream Industry in Ghana

Abubakari Najimu, Asana Saani Mahama

The study purpose and statement of the research problem encapsulate this section. It also entails the methodology used to answer the research questions as well as the findings and recommendations of the research.

This research seeks to assess exchange rate volatility’s impact on crude oil prices on performance in the downstream petroleum industry. The research seeks to achieve three goals: to evaluate existing trends in downstream petroleum space production during the research period, to examine the short and long-term relationship between interest rate unpredictability and the downstream petroleum industry, and to investigate the impact of exchange rate volatility on the downstream performance variable of the petroleum industry. The research utilized descriptive design to describe the effect of the exchange rate volatility on the performance of the Ghanaian downstream petroleum industry. Thus, a quantitative approach. Then again, the study conducted a descriptive analysis to generate tables and charts for petroleum price, exchange rate, interest rate, and inflation variables. Eventually, the examination results uncovered that there is a positive pattern in the performance of the downstream oil industry. A short and long-term correlation between the volatility of the exchange rate and the output of the downstream oil industry has been revealed. The review further found that the exchange rate had a positive impact on the output of the downstream oil industry.