Cocoa input costs rose to multi-decade highs amid sharp output declines in Ivory Coast and Ghana, exacerbated by the Ghanan Cocoa Board's debt crisis.
3 reports, 3 independent
Updated May 26
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What happened
Cocoa input costs rose to multi-decade highs amid sharp output declines in Ivory Coast and Ghana, exacerbated by the Ghanan Cocoa Board's debt crisis.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- El Nino typically brings drier conditions to West Africa, affecting cocoa production in Ghana and Ivory Coast.Sub-event
Ghana and Ivory Coast face shared production challenges contributing to global cocoa deficit.1 source
Production in Ghana and Ivory Coast is suffering from sharp output declines and rising input costs.1 source
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The entities involved
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Ghana
country in West Africa
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Ivory Coast
sovereign state in West Africa
Related events
- Ghana and West Africa discussed shared challenges related to cocoa production systems.
- Nigeria, Ghana, and Cameroon are leading cocoa producers in Africa, and the continent is seeking greater influence in the global cocoa value chain.
- A study from the University of Oxford addresses cocoa production challenges in Ghana and Ecuador.
- The Bank of Ghana maintained its policy rate while Visa and Access Bank launched a new payment service, coinciding with cocoa price adjustments in Ghana.
- A study published in NAS proceedings details research into cocoa production in Ghana, discussed by Leslie Agyare with CBC News.
Coverage
Newest first; wire copies grouped- swissinfo.ch
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