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Ghanas cocoa farmers turn to smuggling as currency falls

Published by Guardian on Tue, 25 Jun 2024


Ghanaian cocoa farmer Isaac Antwi says he has to smuggle his beans to Ivory Coast to sell them at a decent profit even as international prices for the commodity recently surged. He is not the only farmer to have turned to illicit trade in the worlds number two cocoa producer as the countrys currency, the cedi, has fallen sharply and production costs have soared. With the cedi losing value every day, selling in Ghana just doesnt cut it, said Antwi, who lives in Suhum, in the Eastern Region, 74 kilometres (46 miles) from the capital, Accra. The prices are betterThe post Ghanas cocoa farmers turn to smuggling as currency falls appeared first on Guardian Nigeria News.
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