Overview
In an insightful episode of "The Point of View" hosted by Bernard Avle, the significant decline in Ghana's cocoa production is examined. This pressing issue not only affects local farmers and the economy but also resonates on a global scale, given the pivotal role of cocoa in international markets.
Declining Production and Economic Impacts
The show begins with a historical overview, showing that Ghana's cocoa production has seen a dramatic drop, with the 2021-2022 season recording only 650,000 metric tons, a significant decrease from previous years. This decline is particularly concerning given cocoa's substantial contribution to Ghana's export revenues, accounting for 30% of the total.
Factors Contributing to the Crisis
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