Ghana: Selected Issues and Statistical Annex

International Monetary Fund

No 1996/069, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Annex examines the impact of cocoa taxation on cocoa supply in Ghana. The paper describes historical developments in cocoa production. The effects of the taxation of cocoa in Ghana are evaluated and a dynamic model of cocoa supply is estimated and used for simulations. The paper concludes that the most important factors adversely affecting the cocoa sector were government policies. Specifically, in the late 1960s and the 1970s, the effective cocoa duty rates were punitive and the cocoa sector was further hit by policies of overvalued exchange rate.

Keywords: ISCR; CR; price; divested enterprise; sale of share; outright sale; nonfinancial enterprise; inflation equation; Inflation; Agricultural commodities; Producer prices; Monetary base; Consumer price indexes; West Africa; Africa; Global (search for similar items in EconPapers)
Pages: 122
Date: 1996-08-26
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