The Difference Between Ghana Cocoa Farmers’ Personal Profile on their Financial Sustainability

  • Ruben T. Carpizo Adventist University of the Philippines
Keywords: Financial Sustainability, Financial Viability, Financial Self-Sufficiency, Financial Impact, Cocoa Farmer


In pursuing their enterprises, cocoa farmers now need financial sustainability. This research focuses on financial sustainability because it is linked to the accessibility of agricultural funding and the effect on society for current and future generations in order to guarantee a sustainable livelihood. This study considers the personal profiles of cocoa farmers, which are sex, education level, number of dependents, and farm sizes. The cocoa farmers profile has a divergent view on their financial sustainability. The study is quantitative research andcorrelational design research. The sample population of 1,000 Cocoa farmers was conveniently sampled from the six cocoa-growing regions of Ghana as respondents. The study used selfconstructed questionnaires to measure financial sustainability, which had sub-variables of financial viability, financial self-sufficiency, and financial impact. The statistical analysis for the differences was computed by using SPSS 23 with T’Test and ANOVA. The results of the study revealed that there was no significant difference in a number of dependents and educational level of cocoa farmers on their financial sustainability. Also, farm size and sex proofed to have a significant difference in the financial sustainability of the cocoa farmer. Large farm size indicated a major difference in financial sustainability as compared to small farm size. Male cocoa farmers were better than the female cocoa farmers on their financialsustainability. The dominance of males in cocoa farming in Ghana makes them consider the financial sustainability of the cocoa farming venture more than females. This is because they are mainly supporting the livelihood of their families. Farm Size as a determinant of financialsustainability is evident by the yield larger farm size can give a cocoa farmer. The study recommends that in order to attain financial sustainability for the cocoa farmer, the farm size and sex must be considered. 
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Author Biographies

Williams is a Ph.D. holder in commerce from Adventist University of the Philippines. He is a Fellow and a Chartered Financial and Investment Analyst, Investment Advisor in Ghana. A lecturer at Valley View University and Managing Director of PWP Reservations Limited and PWP Advisory and Training.
Enoch Asuah-Duodu is currently pursuing Master of Business Administration emphasis Hospital and Health Care Management in Adventist University of the Philippines. He studied Bachelor of Art in Theology from Valley View University in Ghana. He is an ordained theologian and practice ministry from 2013-2018 in Mid-North Ghana Conference in West Africa. He has also worked with Kintampo Health Research Center in Ghana as a field worker from 2002-2003. A trained teacher from Offinso College of Education in Ghana from 2003-2006, and taught at the elementary level for two years.


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How to Cite
PEPRAH, W., Carpizo, R., & Asuah-Duodu, E. (2019). The Difference Between Ghana Cocoa Farmers’ Personal Profile on their Financial Sustainability. Abstract Proceedings International Scholars Conference, 7(1), 1054-1066.

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