Product details

Ghana was regarded as one of the leading suppliers of cocoa beans to the global market. The cocoa industry was considered as the major growth propeller for Ghana's economy. Commercially, in order to expand its cocoa production, Ghana had emphasised on the public-private-partnership (PPP) programmes. Besides, many Ghanaians developed the tendency of cultivating and consuming cocoa in the form of chocolates, pebbles, and cocoa powder based on the crop's various health and nutritional benefits. However, the cocoa industry of Ghana had experienced different challenges such as, the risks associated with its bean crop from illegal smugglers and miners, economic turmoil, insufficient wages and poverty related to the cocoa farmers, the COVID-19 pandemic, the unbalanced supply chain system, cocoa price volatility, inadequate credit facility, the land tenure policy, etc. In order to combat such challenges, the Government had initiated adopting counteractive measures including the cocoa price rise in September 2023. With this backdrop, would Ghana's cocoa industry be able to overcome the challenges in the future?