Ghana. Cote d’Ivoire’s neighbor to the east, the Republic of Ghana, is the second biggest exporter of cocoa. The country’s cocoa production accounts for 30% of its export revenue.
How much cocoa does Ghana produce?
Cocoa farmers in Ghana make $1/day, while those in Côte d’Ivoire make around $0.78/day—both significantly below the extreme poverty line. Farmers are often unable to bear the costs of cocoa farming as a result of low incomes.
How much cocoa does Ghana export?
Exports: In 2019, Ghana exported $1.61B in Cocoa Beans, making it the 2nd largest exporter of Cocoa Beans in the world.
How much cocoa does Africa produce?
West Africa collectively supplies two thirds of the world’s cocoa crop, with Ivory Coast leading production at 1.8 million tonnes as of 2017, and nearby Ghana, Nigeria, Cameroon and Togo producing additional 1.55 million tonnes.
Why are cocoa farmers poor?
Cocoa farmers’ poverty persists also because of the unequal bargaining power between cocoa farmers, and both large multinational companies and governments.
How much money do cocoa farmers get paid?
The average cocoa farm will produce one or two tonnes of cocoa beans a year; one tonne is 16 sacks of cocoa. The average farmer will make between $1,400-$2,000 profit a year, at most about $5 a day, which will need to support 6-10 dependants.
What is Ghana’s biggest export?
Ghana’s main exports are gold, cocoa beans and timber products. Others include tuna, aluminum, manganese ore, diamonds and horticulture. It’s main exports partners are Netherlands, Burkina Faso, South Africa and United Kingdom.
Why is Ghana a good place to grow cocoa?
This is because it can only take place in Ghana’s forest agro-ecological zone. In this zone, the rainfall is ideal for cocoa at 1500-2000mm, with a dry season of about four months. Also, cocoa trees thrive under shade.
Which country in Africa has the best cocoa?
The Ivory Coast and Ghana are by far the two largest producers of cocoa: together they cultivate more than half of the world´s cocoa. These two are followed by other cocoa producing countries like Indonesia, Nigeria, Cameroon, Brazil and Ecuador.