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Ghana Will Soon Become More Indebted As China Have Started Producing Cocoa And Making Exportations

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Since its transition to multi-party democracy in 1992, Ghana has been regarded as one of the most stable countries in West Africa. Ghana, formerly known as the Gold Coast, obtained independence from Britain in 1957, making it the first sub-Saharan African country to do so.

Ghana is the world's second-largest producer of cocoa, after Côte d'Ivoire. Since 2008, when it was known as the Cadbury Cocoa Partnership, Cocoa Life has been active in Ghana.

Ghana's cocoa export revenue has been increasing in recent years; according to TradeMap data, total export value was $3.2 billion in 2018, up 34% from 2017 and 71% from 2016. Malaysia and the Netherlands account for slightly over half of the market, which is extremely consolidated.

Ghana is in queer as China have begun producing cocoa and already making exportations. Ghana's primary source of revenue is cocoa. Even when Ghana is able to grow cocoa and generate revenue, it is still in debt.

Picture what will happen when that revenue stream is no longer productive, the country will be heavily indebted. We all know how good China is at making machines, and they've already created machinery that will help produce cocoa faster and increase exports.

All we can do as patriotic citizens is hope for the best and pray for the country.

What do you think Ghana's future holds now that its primary source of revenue is in jeopardy?

Should we put our faith in hope when there appears to be none?

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

African Britain China Côte d'Ivoire Ghana


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