The determinants of cocoa supply in Ghana

Abstract

This thesis elaborates the determinants of cocoa supply in Ghana. It takes a detailed look on the history of cocoa production with a focus on Ghana, the institutional setup in Ghana and analyses changing factors and institution over time. The core of thesis is the analysis of the factors that have an impact on the cocoa suppply. The regression shows that the following determinants are significant in deciding the supply of cocoa beans: area harvested, yield, GDP of high income countries, oil price, the globally available stock of cocoa beans as well as the past cocoa price.