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Ghana's Cocoa Crisis: Farmers Hit Hard by Price Cuts

3/22/2026

31 2 Full Breakdown

Summary

Story summary

Cocoa buyers in Ghana struggle to pay farmers after a nearly 30% price cut, with purchases halted and unsold beans.
Buyer groups hold $750 million in debt; Cocobod vows no further price cuts.
In South Africa, 48 boys died at initiation ceremonies due to unsafe practices and poorly trained surgeons.
In Zimbabwe, opposition groups face violence and intimidation opposing a constitutional amendment to extend President Mnangagwa's rule.

History

Historical Context

Ghana's cocoa sector has faced ongoing challenges since the 1984 reforms that reduced the Ghana Cocoa Board's influence, leading to significant job losses and market volatility. In 2016, cocoa prices dropped nearly 30%, causing $750 million in debt among buyers. This crisis echoes current struggles, as buyers again halt purchases, threatening farmers' livelihoods and Ghana's position as a leading cocoa exporter.

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Story summary

Cocoa buyers in Ghana struggle to pay farmers after a nearly 30% price cut, with purchases halted and unsold beans.
Buyer groups hold $750 million in debt; Cocobod vows no further price cuts.
In South Africa, 48 boys died at initiation ceremonies due to unsafe practices and poorly trained surgeons.
In Zimbabwe, opposition groups face violence and intimidation opposing a constitutional amendment to extend President Mnangagwa's rule.

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