Mispricing of gold and cocoa exports from Ghana has contributed to significant tax base erosion from one of Africa’s most resource rich countries according to a new paper based on an innovative methodology for measuring abnormal pricing.

Instead of using aggregate trade statistics to measure mispricing, Abnormal pricing in international commodity trading: Evidence from Ghana uses transaction level data to build a picture that reveals that between 2011 and 2017, abnormally undervalued exports of gold and cocoa from Ghana amounted to US$8.8 billion.

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