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Analysis of the United States demand for Ghanian cocoa beans Public Deposited

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  • The intent of this paper is to determine the characteristics of the demand of United States consumers for Ghanian cocoa beans. Knowledge of the characteristics of this demand is important because cocoa is the major export commodity of Ghana and because the United States is the largest market for Ghanian cocoa beans. This should provide for the policymakers of Ghana a means of deciding which programs to emphasize in order to increase the demand for their cocoa beans in the United States. In order to determine the characteristics of the demand, we will estimate the demand function and analyze its properties. To estimate the demand function, we will look at the products for which cocoa beans constitute a major ingredient and the factors that determine the demand of these products.
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