ABSTRACT
Cocoa production has been the backbone of Ghana’s economy for more decades. It employs over a million people throughout the country and source of livelihood for many in the country. This study assessed economic and financial implications of decline in cocoa production in the Bono Region (Jaman South Municipality, specifically Drobo). The study adopted a case study research design using cross sectional survey methods. Purposive sampling was used to select 100 respondents for the study. Data collected were analysed using, frequencies, means, standard deviation and analysis of variance. Findings of the study revealed that logistics challenges and farm related causes were the influential causes of decline in cocoa production. The study again established that there is a decreasing trend of cocoa production from 2015 to 2018in the municipality. The study further revealed that the influential economic and financial implications of decline in cocoa production are net balances after expenses are not encouraging, retirement savings after farming operations are reduce, economic asset of the farmers are not achieved, shops selling cocoa chemical and insecticides are affected and cocoa farmers loan delinquency are increase. The study recommended Government agencies responsible for extension service should offer training programs for farmers’. It further recommended that investing in the logistic constraints of the farmers should be the priority of ministry of food and agriculture. The study suggests that a replica of the study should be conducted in most of the municipalities to give more national outlook for generalization.
TABLE OF CONTENTS
Page
DECLARATION ii
ABSTRACT iii
KEYWORDS iv
ACKNOWLEDGEMENT v
DEDICATION vi
TABLE OF CONTENTS vii
LIST OF TABLES x
LIST OF FIGURES xi
CHAPTER ONE: INTRODUCTION
Background of the Study 1
Statement of the Problem 4
Objectives of the Study 6
Specific Objectives 6
Research Questions 6
Research Hypothesis 6
Justification of the Study 7
Delimitation 7
Limitations 8
Definition of Terms 9
Organization of the Study 10
CHAPTER TWO: LITERATURE REVIEW
Introduction 11
Theoretical Framework 11
Models of Cocoa Production 13
Background of Cocoa Industry in Ghana 15
Structure of Cocoa Production in Ghana 18
Economic and Financial Implication of Cocoa in Ghana 19
Actors of Cocoa Value Chain in Ghana 20
Main Actors of the Cocoa Value Chain in Ghana 21
Supporting Actors of the Cocoa Value Chain 26
Causes of Fluctuation and Decline of Cocoa Production in Ghana 29
Fluctuation and Decline of Cocoa Production Related to Farm Inputs 29
Farm Related Causes of Fluctuation and Decline of Cocoa Production 31
Commercial Risks Factors on Fluctuation and Decline in Cocoa Production 33
Effects of Climate Change on Cocoa Production 35
Empirical Review 37
Conceptual Framework 47
Chapter Summary 47
CHAPTER THREE: RESEARCH METHODS
Introduction 49
Research Design 49
Study Area 49
Population 50
Sampling Procedure 51
Data Collection Instruments 51
Data Collection Procedure 52
Data Analysis 53
Ethical Consideration 53
Chapter Summary 53
CHAPTER FOUR: RESULTS AND DISCUSSION
Introduction 55
Socio-Demographic Characteristics 55
Causes of Decline in Cocoa Production in Jaman South Municipality (Drobo) 57
Respondent’s Mean or Average Farm Yield for the Year 2015 to 2018 65
Economic and Financial Implications of Decline in Cocoa Production in the Municipality 67
Discussion of Results 71
CHAPTER FIVE: SUMMARY, CONCLUSIONS AND
RECOMENDATIONS
Introduction 76
Summary 76
Conclusions 78
Recommendations 79
Suggestions for Future Studies 79
REFERENCES 80
APPENDIX A 91
Project, S. (2021). ECONOMIC AND FINANCIAL IMPLICATIONS OF DECLINE IN COCOA PRODUCTION. Afribary. Retrieved from https://track.afribary.com/works/economic-and-financial-implications-of-decline-in-cocoa-production
Project, Scopus "ECONOMIC AND FINANCIAL IMPLICATIONS OF DECLINE IN COCOA PRODUCTION" Afribary. Afribary, 06 May. 2021, https://track.afribary.com/works/economic-and-financial-implications-of-decline-in-cocoa-production. Accessed 25 Dec. 2024.
Project, Scopus . "ECONOMIC AND FINANCIAL IMPLICATIONS OF DECLINE IN COCOA PRODUCTION". Afribary, Afribary, 06 May. 2021. Web. 25 Dec. 2024. < https://track.afribary.com/works/economic-and-financial-implications-of-decline-in-cocoa-production >.
Project, Scopus . "ECONOMIC AND FINANCIAL IMPLICATIONS OF DECLINE IN COCOA PRODUCTION" Afribary (2021). Accessed December 25, 2024. https://track.afribary.com/works/economic-and-financial-implications-of-decline-in-cocoa-production