Browsing by Author "Ayeduvor, S."
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Item Dynamics Of The Poultry Market In Ghana(Journal of Agricultural Sciences, 2023) Onumah, E.E.; Ayeduvor, S.This paper examines the dynamics of the poultry market in Ghana using secondary data and a field study in four regions, including Greater Accra region, Western region, Ashanti region, and Northern region. Secondary data on prices, per capita consumption, imports, and export quantities was obtained from the Food and Agriculture Organization (FAO) and the Ministry of Food and Agriculture (MoFA). Primary data on shopping malls, supermarkets, cold stores, and open markets, as well as on imported and local chicken meat prices and brands was also obtained using surveys and focus group discussions. The study employs trend and content analyses to highlight specific imported products, their origins, drivers, and the potential of domestic poultry as a substitute for imported chicken meat. The paper confirms that Ghana imports about 80% of its poultry meat. mostly in the form of branded cut parts (thighs, wings, legs, back, and offal) from high-income countries, including Belgium, the US, Brazil, Poland, and the Netherlands. Despite a 35% increase in tariffs, imported poultry meat tends to be 27–30% cheaper than locally produced chicken. The findings further show that although there is some preference for domestic poultry meat, this does not translate into purchase decisions, as people prefer more convenient and ready-to-use products. The paper recommends the prioritization of policies to boost local production through investments in processing (cut parts), branded packaging, and marketing facilities such as cold vans. Furthermore, policies to reduce chicken meat import volumes may be focused on other non-tariff measures, such as licenses, allotments, trade embargoes, foreign exchange restrictions, and import depositories.Item Spatial Price Transmission and Market Integration Analysis: The Case of Maize Market in Ghana(University of Ghana, 2014-07) Ayeduvor, S.; University of Ghana, College of Humanities , School of Arts , Department of Philosophy and Classics; University of Ghana, College of Humanities , School of Arts , Department of Philosophy and ClassicsThis study presents an analysis of spatial price transmission and market integration of major maize markets in Ghana over the period 1995-2013. Monthly wholesale maize prices for the various markets were used for the analysis. The Augmented-Dickey Fuller test was used to test for the stationarity of individual price series and was confirmed by the KPSS test. All the price series data that were used tested for Unit Root. They were found to be non-stationary at levels but stationary after first difference at 1%, 5% and 10% significant levels. Johansen Maximum likelihood cointegration test was used to test the cointegration between the market pairs. It was found that all five market pairs were cointegrated. The proof of cointegration is also evidence for a common domestic maize market in Ghana, where inter-market prices adjust to achieve long-run, market equilibrium. The speed of adjustment and half lives from the vector error correction model shows that averagely, 8.2% of any disequilibrium was corrected within a month by the producer markets, while 12.4% of such shocks were corrected within a month by consumer markets. The net producer markets will return to equilibrium in 10 months while net consumer markets will return to equilibrium by 5 months after a shock. This means that shocks are quickly corrected by consumer market than by producer markets. Also adjustment to shock was characterized by asymmetry in that adjustments to price increases are corrected faster than price decreases. Two out of five market pairs exhibited asymmetry in price transmission while the remaining three were statistically not significant. The inventory and stock holding behavior of traders was the cause of asymmetry in price transmission. The evidence of price causation and leadership by Granger causality test shows Techiman as price leaders. In all, the findings indicate that major maize markets in Ghana are well integrated. It is therefore recommended that policy initiatives be directed towards ensuring efficient transportation of agricultural commodities across markets. These include investment in new transporting vehicles, rail/road construction and maintenance. These may contribute to reducing transaction costs and subsequently improving market integration and the imperfection observed in the maize market in Ghana. Also it is recommended that inventory and stock behaviour of traders be improved through investment in storage facilities by the government given the seasonal nature of the commodity. This can ensure even flow of maize throughout the season and enhance traders’ response to both positive and negative shocks.