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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.

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