Story perspectives

Ghana's Cocoa Crisis: Election Delays Spark Smuggling Fears

1/10/2025

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Summary

Story summary

Cocoa purchases in Ghana declined in December due to payment delays linked to elections, raising smuggling concerns.
Record cocoa prices are driven by poor crop yields in Ivory Coast and Ghana, despite a minor recovery expected in 2024/25.
COCOBOD's financing model was disrupted during the December elections, affecting timely payments to farmers.
Farmers are struggling to sell cocoa, with some unable to find buyers, increasing the risk of illegal smuggling.

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Story summary

Cocoa purchases in Ghana declined in December due to payment delays linked to elections, raising smuggling concerns.
Record cocoa prices are driven by poor crop yields in Ivory Coast and Ghana, despite a minor recovery expected in 2024/25.
COCOBOD's financing model was disrupted during the December elections, affecting timely payments to farmers.
Farmers are struggling to sell cocoa, with some unable to find buyers, increasing the risk of illegal smuggling.