Cocoa Trouble in Ghana

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Cocoa Trouble in Ghana (1)

Ghana’s big budget and current account deficits have stripped the cedi of 45 percent of its value against the dollar since January. That means farmers in Ghana, who get a fixed price for the season from the country’s cocoa marketing board, Cocobod, can get much more for their crop by smuggling it into Ivory Coast, where the sector is recovering strongly after a decade of civil conflict and political turmoil.

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