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All Journal International Journal of Business, Management and Economics
Tee, Evans
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Economics, Econometrics & Finance Social Sciences

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Impact of Institutional Risk Management, Technological Adoption, and Climate Change Adaptation on Ghana’s Crop Productivity Hewlett, Dexter Senanu Kofi; Tee, Evans; Essel-Mensah, Kojo; Asabre, Janet
International Journal of Business, Management and Economics Vol. 6 No. 1 (2025): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v6i1.2618

Abstract

This study investigated the impact of Agricultural Technology Adoption (ATA), Climate Change Adaptation Measures (CCAM), and Institutional Risk Management (IRM) on crop production (CP). The purpose of this study is to assess how these variables influence agricultural productivity and identify the key drivers of successful crop production in the context of climate change and institutional challenges. A quantitative research design was employed utilising survey data collected from farmers across different agricultural regions. Structural equation modelling (SEM) was used for data analysis to examine the relationships between ATA, CCAM, IRM, and CP. The findings indicated that ATA, CCAM, and IRM had a positive and statistically significant effect on crop production. This study highlights that adopting advanced technologies, implementing effective climate change adaptation strategies, and strengthening institutional risk management can significantly enhance crop productivity. This study contributes to the literature by emphasising the importance of technological adoption and risk management strategies in agriculture. These practical implications suggest that policymakers should prioritise the integration of ATA and IRM into agricultural policies to promote sustainable and resilient agricultural practices, thereby improving overall crop production and food security.
Risk Management and Socioeconomic Drivers of Crop Productivity in Ghana Hewlett, Dexter Senanu Kofi; Tee, Evans; Essel-Mensah, Kojo; Adzagbre, Charles
International Journal of Business, Management and Economics Vol. 6 No. 1 (2025): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v6i1.2655

Abstract

This study explores the impact of risk management strategies and socioeconomic factors on crop productivity among smallholder farmers in Ghana. Utilising a cross-sectional survey design, data were gathered from 4,065,095 agricultural households, as reported by the Ghana Census of Agriculture (2018). The sampling frame, derived from the 37,657 Enumeration Areas defined by the Ghana Statistical Service (GSS), provided a systematic approach for identifying the target population. Key variables include crop productivity (measured in kilograms per hectare), socioeconomic factors (education levels, marital status, and gender), agricultural practices (plot size, mixed cropping, and irrigation), and economic and demographic factors (labour costs, hours of work, average market price of crops, and age). The findings reveal that educational attainment at basic and medium levels significantly enhances crop productivity, while higher education levels do not show direct benefits. Mixed cropping and irrigation practices are shown to significantly increase productivity, underscoring their importance in agricultural risk management. Larger plot sizes demonstrate economies of scale, contributing to higher productivity. Sociodemographic factors such as marital status and gender influence productivity, with male and married farmers achieving higher yields. Labour and input costs are critical determinants of productivity, highlighting the financial risks inherent in farming. The study emphasizes the need for integrated policies that incorporate agricultural insurance, education, financial services, and sustainable farming techniques to build a resilient agricultural industry in Ghana. These findings highlight the potential for agricultural insurance and risk management measures to reduce vulnerabilities and improve sustainability.
Co-Authors Adzagbre, Charles Asabre, Janet Essel-Mensah, Kojo Hewlett, Dexter Senanu Kofi