Browsing by Author "SHUAIB, ABDULSALAM"

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    ASSESSING FACTORS LEADING TO FINANCIAL LOSSES OF COCOA BUYING COMPANIES: A CASE STUDY OF COCOA ABRABOPA
    (AUGUST 2015) SHUAIB, ABDULSALAM
    Until recently agriculture had been the backbone of the Ghanaian economy as is the third largest contributor of GDP closely following service and mining sectors. Pivotal in driving home the above stated contribution is cocoa. The domestic supply chain of cocoa in Ghana is being undertaken by three main stakeholders: the farmers; the LBCs; and the COCOBOD which supervises all production and marketing aspects of the crop. From the preceding discussions the importance of the LBCs in the cocoa industry cannot be over emphasized however, the high rate of bankruptcy among Licensed Buying Companies is so rampant that most of the newly licensed buying companies become either dormant or fold up within the first five years of operation making it a worry for all the stakeholders in the cocoa industry. It is therefore imperative to find out factors that lead to financial losses among LBC‟s by using Cocoa Abrabopa as a case study. The main objectives of the study are to examine the prevalence of defaulting buying clerks, assess the impact of interest rate volatility, and evaluate the prevalence of poor infrastructure and logistics related problems as factors accounting for financial loss to Cocoa Abrabopa Ltd. Primary sources of data were utilized in this study. The primary sources of data comprised of responses gathered from the questionnaire that were administered. Questionnaires served as the instrument for data collection. The research design that informs this study is in the form of Descriptive research that seeks to describe various variables in the study, the single case study design and a mixture of quantitative and qualitative research. Some of the key findings of the study is a higher default rate among purchasing clerks associated with the company is a critical indicator of financial loss to the company.