Effects of trade liberalization policy on the performance of small and medium-sized food processing industries in the Greater Accra Region of Ghana
dc.contributor.author | Dziwornu, R.K. | |
dc.contributor.author | Sarpong, D.B. | |
dc.contributor.author | Kwadzo, G.T-M. | |
dc.date.accessioned | 2012-03-16T19:08:30Z | |
dc.date.accessioned | 2017-10-14T11:54:40Z | |
dc.date.available | 2012-03-16T19:08:30Z | |
dc.date.available | 2017-10-14T11:54:40Z | |
dc.date.issued | 2007 | |
dc.description.abstract | Trade liberalization policy was analyzed to examine its effects on performance of Small and Medium Scale (SMS) food processing enterprises located in the Greater Accra Region of Ghana from 1970- 2003. Thirty-three SMS food processing companies were purposively sampled, and the results show a U-shaped trend in the number of registered firms, overall growth rate of 4.3% in the number of food processors, a negative growth rate of 1.8% between 1970 and 1982 and a positive growth rate of 15.3% between 1983 and 2003. Processing of fruits and vegetables was the most common venture, with 49% being limited liability companies producing mainly for the domestic market. The majority of food processors (94%) were established after the introduction of trade liberalization policy in 1983, and about 67% sourced raw materials locally and 55% financed businesses from own savings and profits. The trade liberalization policy had a positive effect on the output growth of SMS food processing companies. Capital was identified as the major constraint affecting growth of food processors, but the provision of tax relief; lower import tariff and financial support would enhance competitiveness of the processors. | en_US |
dc.identifier.uri | http://197.255.68.203/handle/123456789/344 | |
dc.language.iso | en | en_US |
dc.publisher | Journal of Business Research 1(1&2): 49-59 | en_US |
dc.subject | Trade liberalization policy | en_US |
dc.subject | Small and medium scale food processing enterprises. | en_US |
dc.title | Effects of trade liberalization policy on the performance of small and medium-sized food processing industries in the Greater Accra Region of Ghana | en_US |
dc.type | Article | en_US |