IDEAS home Printed from https://ideas.repec.org/a/ags/afjare/301040.html
   My bibliography  Save this article

The impact of the National Food Buffer Stock Company on price transmission in Ghana

Author

Listed:
  • Armah, Ebenezer
  • Kissi, Evans Appiah
  • Fiankor, Dela-Dem Doe

Abstract

Achieving state market policies depends partly on the extent to which changes in commodity prices are transmitted along supply chains. This paper examines the effect of the National Food Buffer Stock Company (NAFCO) on price transmission between white maize wholesale and retail markets in Kumasi, Ghana. The findings suggest that the speed of price transmission elasticity between the market pair is symmetrical pre-NAFCO, asymmetrical post-NAFCO, and asymmetrical over the entire price series. Decreases in prices in the wholesale market are transmitted more quickly to consumers, whilst price increases are passed through sluggishly by retailers. The before- and after- NAFCO regimes show that government intervention through the marketing activities of NAFCO has created an imperfect market environment for maize traders, resulting in asymmetry in the speed of price adjustment in the retail market.

Suggested Citation

  • Armah, Ebenezer & Kissi, Evans Appiah & Fiankor, Dela-Dem Doe, 2019. "The impact of the National Food Buffer Stock Company on price transmission in Ghana," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 14(3), September.
  • Handle: RePEc:ags:afjare:301040
    DOI: 10.22004/ag.econ.301040
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/301040/files/2.-Armah-et-al..pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:afjare:301040. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaaeaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.