Record Details

Developing an organized commodity exchange in Ghana: Challenges and economic prospects

Journal of Economic & Financial Studies

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Field Value
 
Title Developing an organized commodity exchange in Ghana: Challenges and economic prospects
 
Creator Ngmenipuo, Mohammed Iddrisu
Issah, Osman
 
Subject —
Commodity exchange; Price discovery; Price risk management; Warehouse receipt system.
Q10; Q13; Q14; Q18.
 
Description We have examined challenges and economic prospects of establishing an organized Commodity Exchange in Ghana. We find that such a market will result in reduction in post-harvest losses through price stability, improvement in commodity price risk and credit risk management, provision of a transparent and competitive price discovery mechanism, reduction in transaction and marketing costs, and avoidance of making the mistakes of others. However, we also identify the challenges that should be resolved such as lack of laws and regulations specifically pertaining to the commodity exchange; inadequate financial support; lack of trading infrastructure; inadequate volume; liquidity problem; smallholder farms; lack of understanding of trading instruments; and government/political interference to this end. Overall policy implications suggest inadequate infrastructure and capacity building of market participants should be enhanced.
 
Publisher LAR Center Press
 
Contributor —
 
Date 2015-04-27
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journalofeconomics.org/index.php/site/article/view/155
10.18533/jefs.v3i02.155
 
Source Journal of Economic & Financial Studies; Vol 3, No 02 (2015): April; 41-54
2379-9471
2379-9463
 
Language eng
 
Relation http://journalofeconomics.org/index.php/site/article/view/155/160
 
Rights Copyright (c) 2015 Mohammed Iddrisu Ngmenipuo, Osman Issah
http://creativecommons.org/licenses/by-nc/4.0