Africa

Ghana's Currency Slump Spurs Increase in Cocoa Smugglingi
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August 07, 2014 4:36 AM
Cocoa beans have been smuggled between Ivory Coast and neighboring Ghana for years. Until recently, Ivorian growers most often illegally sent their cocoa beans into Ghana where the prices were higher and more stable. A recent slump in the Ghanaian currency and political stabilization in Ivory Coast, however, have tipped the balance. Ghanaian farmers are now the ones who smuggle their beans into Ivory Coast, where they get more money for them. Zlatica Hoke has more.

Ghana's Currency Slump Spurs Increase in Cocoa Smuggling

Published August 07, 2014

Cocoa beans have been smuggled between Ivory Coast and neighboring Ghana for years. Until recently, Ivorian growers most often illegally sent their cocoa beans into Ghana where the prices were higher and more stable. A recent slump in the Ghanaian currency and political stabilization in Ivory Coast, however, have tipped the balance. Ghanaian farmers are now the ones who smuggle their beans into Ivory Coast, where they get more money for them. Zlatica Hoke has more.


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