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Indian Journal of Economics and Development
Year : 2014, Volume : 10, Issue : 4
First page : ( 319) Last page : ( 329)
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2014.00553.8

Cassava markets integration analysis in the central region of Ghana

Kwasi Bannor Richard1,*, Kobina Bentil Julian2

1Muncipality M&E Officer, Ministry of Food and Agriculture, Kasoa, Ghana

2Municipality Women in Agriculture Officer, Ministry of Food and Agriculture, Swedru, Ghana

*Email: bannor46@yahoo.com

JEL Classification: C23, C32, M31, Q13

Abstract

The results indicate only Ajumako-Kasoa markets, Swedru-Cape Coast markets and Ajumako-Swedru markets were integrated. There were high degrees of market efficiency in cassava marketing in these two paired markets whiles most of the market pairs in the region were inefficient. The speed of adjustment was 121 percent running from Swedru to Cape Coast towards long run equilibrium. Ajumako cassava market prices do not cause changes in Kasoa market prices though in the long-run they move to equilibrium. There was a high degree of integration between Bawjiase, Ajumako, Swedru and Kasoa markets, Bawjiase, Ajumako and Swedru markets. The speed of adjustment running from Ajumako through Swedru to Cape Coast markets towards long-run equilibrium was 145 percent. The speed of adjustment running from Swedru through Bawjiase to Kasoa markets towards longrun equilibrium was 78 percent. Swedru market price causes changes in Kasoa markets in the short-run though not integrated in the long-run. Most of the cassava markets were inefficient, which may affect the farmer's share in consumer price. The demand for and price of a given unit of cassava in a market would have a dominant effect on the cassava trade and by extension, price formulation in other trading markets and even production, hence, threatening the regions contribution to the sustenance Ghana's self sufficiency in cassava production.

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Keywords

Cassava, Ghana, market integration, market efficiency.

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