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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Impact of Formal Agricultural Credit on Small Farm Development in the Ashanti Region of Ghana
Author:Salami, K.A.
Year:1988
Periodical:Eastern Africa Economic Review
Volume:4
Issue:2
Pages:1-8
Language:English
Geographic term:Ghana
Subjects:Ashanti
agricultural credit
small farms
Agriculture, Natural Resources and the Environment
Development and Technology
Economics and Trade
Abstract:This paper investigates whether formal institutional credit benefited small-scale farmers by increasing their productivity in using resources. To analyse this, multiple regressions were run on farm survey data from the Ashanti Region of Ghana. The farmers in the region mostly used traditional methods in growing food crops like maize, cassava, plantain, and cocoyam. The average productivity of inputs such as land and labour did not differ significantly between samples of credit and non-credit receiving farmers. However, the insignificance of this difference should not be misconstrued. Much other evidence exists showing that credit can help farmers improve their organization. According to the marginal-return-to-opportunity-cost ratios, the farms in both samples were inefficiently organized. Farming in the region was thus in disequilibrium. The policy implication of the study was that an efficient Supervised Credit Scheme - supported by continuous monitoring and evaluation - should be introduced in the region. Abstr., bibliogr.
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