Sign in
Download Opera News App

News Politics




Africa politics

Cocoa: Don't Blame The Government If Ghana Becomes More Indebted, It's The Chinese

Greetings, dear readers! Thank you for your interest in reading this article. I'll keep you up to date on the latest and most intriguing news from across the world. Please click the +follow button before we continue to stay up to date, thank you all.

Ghana is considered one of the more stable countries in West Africa since its transition to multi-party democracy in 1992. Formerly known as the Gold Coast, Ghana gained independence from Britain in 1957, becoming the first sub-Saharan nation to break free from colonial rule.

Ghana is the world's second-largest cocoa-producing country (Côte d'Ivoire is the largest). Cocoa Life has been active in Ghana since 2008, when it began as the Cadbury Cocoa Partnership.

Ghana's export revenue cocoa has been rising in recent years; in 2018 the total export value was $3.2 billion, a 34% increase from 2017 and up 71% from 2016, according to TradeMap data. Trade is highly concentrated, with Malaysia and the Netherlands account for just over half of the market.

Even when Ghana could produce cocoa and generate revenue, it was still indebted, imagine when it's source of revenue is no more. China have started producing cocoa and have already made exportations to Europe and Belgium.

China we all know are good in the manufacturing of machines, they have already made machines which will help produce cocoa faster and make more exportations. What do you think is Ghana's future when it's source of revenue is in peril?

Ghana will be highly indebted, Ghana as we all know is already indebted and recognized as the heavily indebted country. The government shouldn't be blamed if Ghana becomes more indebted because we all know where it's coming from, let's hope for the better and pray for our nation Ghana.

Follow for more educative articles, do so by hitting the +follow button at the top right corner of your screen.

Please like, share and comment as well.

Content created and supplied by: barbaraagyeman006 (via Opera News )

Britain Cadbury Cocoa Partnership Ghana Gold Coast West Africa


Load app to read more comments