Africa

Ghana's Currency Slump Spurs Increase in Cocoa Smugglingi
X
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.


You May Like

Video Analysts: Beijing Parade a 'Bazaar' of Stolen Technology

Show commemorating victory over Japan in World War II involved long, medium and short range missiles, a range of tanks and 200 fighter aircraft More

Bernie Sanders Surge Reflects US Shift on Socialism

Although most analysts say it is unlikely he will get the Democratic nomination, Sanders' campaign opens up questions and issues that are otherwise marginalized More

Video On IS Frontline, Kurdish Fighters Ready for Offensive

Peshmerga soldiers say although they need more heavy artillery, they are poised to take the fight to the Islamic State extremists on their turf More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one