Search

Ghana Battles $1 Billion Cocoa Smuggling Crisis Amid Production Decline

  • Cocobod reveals nearly $1 billion in cocoa lost to smuggling over five years, prompting a major crackdown.
  • Plans to raise farmgate prices aim to combat smuggling and make cocoa farming more lucrative in Ghana.

 

Ghana’s Cocoa Board (Cocobod) has disclosed substantial losses, estimating that nearly $1 billion worth of cocoa has been lost due to smuggling in less than five years.

You need an active subscription to continue reading this article.

Recent Business

A factory worker on site. Photo @ Unsplash
Is Nigeria’s rate cut too little, too late to save its factories?
Read More »
taslim-khan-Sd8-wZmee8M-unsplash
Rwanda’s $567mn trade with Tanzania hit by post-election chaos
Read More »
Gridlock in Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
Nigeria raises $2.35 billion in Eurobonds to fund budget deficit
Read More »

Recent Politics

Street market in Kaduna, Nigeria. Photo @Pexels
Trump’s military threat over ‘Christian genocide’ splits Nigeria
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Tanzania’s Samia Suluhu faces legitimacy test after disputed landslide
Read More »
Donald Trump, US President @ Pixabay
Trump threatens military action in Nigeria over Christian killings
Read More »

Latest Posts

Latest news insights