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Trade, exchange rate, and agricultural pricing policies in Ghana (Inglês)

This report shows that Ghana's economic decline of agricultural prices cannot be attributed solely to government price intervention. But intervention in the workings of the cocoa sector contributed heavly to the country's inability to achieve prosperity and stability after 1957. During the decades since independence in 1957, direct intervention in Ghana's all-important cocoa sector has been in the hands of a Cocoa Marketing Board (CMB), which sets annual producer prices, purchases the crop from domestic producers and markets it to foreign buyers. Although the chief reason for creating the CMB was to assure Ghana's cocoa farmers a stable and decent income, the agency's direct intervention helped to keep producer prices lower than they might have been otherwise. The government's direct and indirect intervention in the cocoa market, according to the study, far outweighed its incentives to cocoa producers. Moreover, most of the benefits of these incentives went to large producers rather than the far more numerous smallholders. Another important finding of this study is that government regulation of the cocoa sector had the serious negative long-term effect of deferring the replacement of old coffee trees with new ones.

Detalhes

  • Autor

    Stryker, J. Dirck Dumeau, Emmanuel Wohl, Jennifer Haymond, Peter Cook, Andrew Coon, Katherine

  • Data do documento

    1990/02/28

  • TIpo de documento

    Publicação

  • No. do relatório

    8399

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Gana,

  • Região

    África,

  • Data de divulgação

    2010/07/01

  • Nome do documento

    Trade, exchange rate, and agricultural pricing policies in Ghana

  • Palavras-chave

    Agriculture;Central Bureau of Statistics;equilibrium exchange rate;Exchange Rates;balance of payment;net foreign exchange;black market exchange rate;effect of price;Foreign Exchange Reserve;gross domestic product;availability of rice;high level of urbanization;labor force participation rate;urban population;agricultural price;official exchange rate;price of cocoa;purchasing power parity;total labor force;agricultural price policy;domestic price;interest group;constant price;Population Density;producer price;loss of nutrient;crude birth rate;consumer price index;government budget deficit;oil palm production;access to goods;rate of investment;exchange rate disequilibrium;behavior of investment;crude death rate;inflow of capital;export of goods;agricultural pricing policy;elasticity of demand;principal trading partners;gains and losses;allocation of resource;rate of inflation;exchange rate realignment;result of change;exchange rate policy;Exchange rate policies;effect of trade;high literacy rate;informal sector activity;long run elasticity;high birth rate;high growth rate;cropping pattern;relative price;agricultural resource;agricultural sector;rainy season;Economic Policy;agricultural incentive;Political Economy;simulation model;equilibrium rate;export tax;export earnings;market price;supply function;border price;direct intervention;food crop;study period;import demand;export supply;coastal plain;arable land;high rainfall;forest zone;price distortion;tsetse fly;gross investment;real rate;derived demand;population characteristic;independent variable;subsistence crop;marginal revenue;tradable good;weighted average;nominal rate;sea level;southern coast;scarcity value;exchange control;political support;agricultural input;expanding population;net earning;social infrastructure;net transfer;social indicator;government expenditure;government investment;real income;severe drought;political action;population data;missing data;agricultural production;crop year;real gdp;natural rate;agricultural worker;inflation rate;food production;government revenue;trade regime;fiscal situation;petroleum import;urban consumer;real wage;petroleum price;quantitative analysis;annual revenue;imported inputs;domestic currencies;physical infrastructure;resource transfer;econometric model;copyright notice;commercial policy;recovery program;industrial crop;import liberalization;Trade Policy;military coup;Trade Policies;special interest;administrative control;import good;coffee tree;government regulation;institutional purchaser;general population;classroom use;road system;domestic producer;foreign buyer;equilibrium level;noncommercial purposes;wage sector;organic matter;net investment;crop production;heavy rain;working age;arable farming;fishing village;commercial center;apparent decline;market gardening;livestock breeding;urban growth;improved seed;economic history;sugar cane;subsistence farming;alluvial soil;political process;mountainous region;price incentive;supply elasticity;lake volta;tax rate;basin area;geographic region;food price;capital flow;annual rainfall;urban service;world market;farming activity;deciduous forest;volcanic rock;rural area;quantity demand;agricultural commodity;optimal tax;world price;cash crop;population figures;market rate;

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