Spatial market integration analysis of plantain markets in mid Ghana

AbstractThe paper estimates the degree of integration of plantain prices in three selected markets to assess the efficiency of the plantain marketing system in mid Ghana. The selected markets are Techiman in Bono East Region, Kenyasi and Duayaw Nkwanta markets both in Ahafo Region of Ghana. The spat...

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Bibliographic Details
Main Authors: Christina Antwiago Amarchey, Paul Adjei Kwakwa
Format: Article
Language:English
Published: Taylor & Francis Group 2024-12-01
Series:Cogent Business & Management
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23311975.2024.2311222
Description
Summary:AbstractThe paper estimates the degree of integration of plantain prices in three selected markets to assess the efficiency of the plantain marketing system in mid Ghana. The selected markets are Techiman in Bono East Region, Kenyasi and Duayaw Nkwanta markets both in Ahafo Region of Ghana. The spatial market integration analysis was done using the error correction model on monthly wholesale real prices in Ghana cedis (GH¢) per 9–11 kg bunch of plantain from 2006 to 2015. The findings of the analysis indicate that the plantain markets are weakly integrated spatially with an overall degree of integration of 17 percent which suggests weak market efficiency. Therefore, strengthening the implementation of government policy on market information, especially in producing areas, will be useful in improving plantain market efficiency.
ISSN:2331-1975