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Statements

Subject Item
n2:RIV%2F62156489%3A43310%2F14%3A00218447%21RIV15-MSM-43310___
rdf:type
n13:Vysledek skos:Concept
rdfs:seeAlso
http://eujournal.org/index.php/esj/article/view/3528/3300
dcterms:description
This article analyses cocoa production in Ghana from 1990 to 2011, using Johansen cointegration and OLS regression approaches. The results of the cointegration test show a long run equilibrium relationship between cocoa bean production, area harvested, the world price, cocoa export and RGDPK, all the variables were statistically significant. More so, the results from the OLS linear regression show a positive relationship between annual cocoa output and area harvested as well as export and RGDPK in Ghana. However, on the contrary, the results show a negative relationship between cocoa bean production and the world price. Arguably, this partly because the Ghanaian government has fixed the price of cocoa in order to protect farmers/growers from the shocks on the world market. However, this measure to some extend appears to be counterproductive, especially when the price cocoa beans increase in the world market without increase in the producer price. As a result, farmers are likely to respond to price signals in the opposite directions. The government of Ghana should create an enabling environment and some incentives by increasing cocoa farm gate prices relative to the prices on the world market, subsidizing farm inputs, and providing affordable loans to smallholder cocoa farmers to ensure sustainable cocoa bean production in the country. This article analyses cocoa production in Ghana from 1990 to 2011, using Johansen cointegration and OLS regression approaches. The results of the cointegration test show a long run equilibrium relationship between cocoa bean production, area harvested, the world price, cocoa export and RGDPK, all the variables were statistically significant. More so, the results from the OLS linear regression show a positive relationship between annual cocoa output and area harvested as well as export and RGDPK in Ghana. However, on the contrary, the results show a negative relationship between cocoa bean production and the world price. Arguably, this partly because the Ghanaian government has fixed the price of cocoa in order to protect farmers/growers from the shocks on the world market. However, this measure to some extend appears to be counterproductive, especially when the price cocoa beans increase in the world market without increase in the producer price. As a result, farmers are likely to respond to price signals in the opposite directions. The government of Ghana should create an enabling environment and some incentives by increasing cocoa farm gate prices relative to the prices on the world market, subsidizing farm inputs, and providing affordable loans to smallholder cocoa farmers to ensure sustainable cocoa bean production in the country.
dcterms:title
An Empirical Analysis of Cocoa Bean Production in Ghana An Empirical Analysis of Cocoa Bean Production in Ghana
skos:prefLabel
An Empirical Analysis of Cocoa Bean Production in Ghana An Empirical Analysis of Cocoa Bean Production in Ghana
skos:notation
RIV/62156489:43310/14:00218447!RIV15-MSM-43310___
n3:aktivita
n17:O
n3:aktivity
O
n3:cisloPeriodika
16
n3:dodaniDat
n5:2015
n3:domaciTvurceVysledku
n10:8543682
n3:druhVysledku
n15:J
n3:duvernostUdaju
n14:S
n3:entitaPredkladatele
n18:predkladatel
n3:idSjednocenehoVysledku
2451
n3:idVysledku
RIV/62156489:43310/14:00218447
n3:jazykVysledku
n8:eng
n3:klicovaSlova
smallholder farmers; cocoa production; world price; cointegration
n3:klicoveSlovo
n4:cointegration n4:world%20price n4:smallholder%20farmers n4:cocoa%20production
n3:kodStatuVydavatele
MK - Bývalá jugoslávská republika Makedonie
n3:kontrolniKodProRIV
[997DAEB71A45]
n3:nazevZdroje
European Scientific Journal
n3:obor
n11:GA
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
2
n3:rokUplatneniVysledku
n5:2014
n3:svazekPeriodika
10
n3:tvurceVysledku
Darkwah, Samuel Antwi Verter, Nahanga
s:issn
1857-7881
s:numberOfPages
12
n7:organizacniJednotka
43310