FOOD PRICE INFLATION AND CONSUMER WELFARE IN GHANA

The paper analyses the effects of food price inflation on Ghanaian households using GLSS-5 household data. Expenditure endogeneity and truncated expenditures were controlled in the estimation process using the “Augmented Regression Approach” and Heckman’s two-stage procedure, respectively. Symmetry and homogeneity conditions were rejected in the unconstrained LA/AIDS model. The study reveals that cereals and bread; fish; vegetables; and roots and tubers will continue to constitute important share of Ghanaian food expenditure as they collectively constitute 67% of future food expenditure. Food price inflation between 2005 and 2011 has eroded real household food purchasing power by 47.18%.


Issue Date:
2013-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/156140
Published in:
International Journal of Food and Agricultural Economics, Volume 01, Number 1
Page range:
27-39
Total Pages:
13




 Record created 2017-04-01, last modified 2017-08-27

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