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The Effect of ICT-Based Market Information Services on the Performance of Agricultural Markets: Experiences from Ghana

The Effect of ICT-Based Market Information Services on the Performance of Agricultural Markets: Experiences from Ghana

Irene S. Egyir, Ramatu M. Al-Hassan, James K. Abakah
Copyright: © 2011 |Volume: 2 |Issue: 2 |Pages: 13
ISSN: 1947-3419|EISSN: 1947-3427|EISBN13: 9781613507421|DOI: 10.4018/jictrda.2011070101
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MLA

Egyir, Irene S., et al. "The Effect of ICT-Based Market Information Services on the Performance of Agricultural Markets: Experiences from Ghana." IJICTRDA vol.2, no.2 2011: pp.1-13. http://doi.org/10.4018/jictrda.2011070101

APA

Egyir, I. S., Al-Hassan, R. M., & Abakah, J. K. (2011). The Effect of ICT-Based Market Information Services on the Performance of Agricultural Markets: Experiences from Ghana. International Journal of ICT Research and Development in Africa (IJICTRDA), 2(2), 1-13. http://doi.org/10.4018/jictrda.2011070101

Chicago

Egyir, Irene S., Ramatu M. Al-Hassan, and James K. Abakah. "The Effect of ICT-Based Market Information Services on the Performance of Agricultural Markets: Experiences from Ghana," International Journal of ICT Research and Development in Africa (IJICTRDA) 2, no.2: 1-13. http://doi.org/10.4018/jictrda.2011070101

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Abstract

This study is concerned with how markets of agricultural commodities have responded to the improved ICT-based market information services in Ghana since 2005. The data employed are monthly prices wholesale from 2001-2010, covering four markets in the Northern and Greater Accra regions. The data was used to estimate a threshold autoregressive model to measure the level of spatial price integration between the four markets, and focusing on maize. In addition, data on market structure and conduct was collected from 486 marketers to explain performance indicators. The study finds that, the speed of price transmission in maize markets increased by 6 percent after 2005, however there has not been marked reduction in transactions costs. Despite increased use of the mobile phone, market-based exchanges still rely heavily on visual inspection. The implication is that more should be done to improve transport infrastructure and to ensure enforcement of standardization rules.

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