A Sweet Deal for Ghanaian Farmers as Cocoa Prices Hiked

Ghana has announced an increase of the guaranteed cocoa price it pays to farmers - 28% per ton for the new growing season - an attempt to improve the livelihoods of its farmers. Ghana is the world's second-largest exporter of cocoa, after Cote d'Ivoire, exporting around 850,000 metric tons annually. Most of this is unprocessed, ready to be turned into chocolate and other products in Europe and the U.S. "The increase in the price of cocoa beans will boost farmers' morale and the Ghana's leadership must be commended for this initiative," the World Cocoa Farmers Organization's Moses Asiedu has said. In recent years production fell by around 30% because of ageing cocoa trees, poorly-managed plantations and drought. However, the latest increment means that farmers can afford to plant new cocoa and also employ skilled workers, rather than child labour.

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