August 13, 2025Open Access

Impact of Money Supply and Interest Rate on the Economic Growth of Ecowas Countries

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Discussion

Analysis reveals that money supply and interest rate significantly influence economic growth in ECOWAS, suggesting tailored monetary policies.

The findings indicate significant short-run and long-run interactions among money supply, interest rate, and economic growth.
Employing the Autoregressive Distributed Lag model, the study confirms the importance of money supply and interest rate in economic performance.
The analysis highlights the need for country-specific monetary policy frameworks within ECOWAS to promote sustainable economic growth.
Both money supply and interest rate are crucial factors affecting the Gross Domestic Product across ECOWAS countries.

T. et al. (2025) studied this question.

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Analysis reveals that money supply and interest rate significantly influence economic growth in ECOWAS, suggesting tailored monetary policies.