Economic and policy foundations of agricultural exports from Ghana: A co-Integration analysis

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International Journal of Development Research

Economic and policy foundations of agricultural exports from Ghana: A co-Integration analysis

Abstract: 

This study was primarily undertaken to help bridge information gap and inform agricultural trade policy prescriptions on how growth observed in Ghana’s agricultural export sector could be sustained and scaled up. Achievement of this purpose was sourced through usage of the Johansen Full Information Maximum Likelihood test.Findings from the respective estimations reveal that, structural weaknesses in production, trade and marketing environments preclude the country from exploiting growth enhancing opportunities in the short-run, while potential barriers to trade yield similar implication in the long-run. Minimization of both short and long-run inhibitions could further enhance agricultural export growth for Ghana. Based on estimates observed in this study, sustenance and scaling up of the Ghanaian agricultural export sector requires addressing of existing structural weaknesses and inefficiencies in production, trade and marketing,  increased diversification of agricultural exports, increased openness to trade, attraction of export enhancing foreign direct investments, and increased domestic production.

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