| This study uses survey data to examine the role of access to credit on cocoa production, in West African cocoa production countries under conditions of agricultural policy liberalization. The study specifies and estimates econometric models to simulate the counterfactual of what cocoa production would be in the absence of credit facilities. The survey results show that about 54% of cocoa farmers have access to credit in Nigeria, and respectively 37% in Cameroon, while in Ghana and Côte d’Ivoire only a few cocoa farmers have access to credit. We find that the cocoa farmer’s capacity such as, the cocoa farm size, and the mutuality status of the farmer are more important as a determinants of cocoa farmers access to credit as well as another set of variables... |
