Ghana's Cocoa Industry and Challenges

Ghana is a major cocoa producer but earns little from the global chocolate industry. Most cocoa is exported raw, keeping farmers in poverty. Efforts are underway to boost domestic processing and farmer incomes through initiatives like the living income differential. Challenges include climate change, land fatigue, and lack of local dairy and sugar industries. The government aims to increase local chocolate production, but obstacles remain, such as infrastructure and market demand. The future of Ghana's cocoa industry depends on overcoming these challenges and increasing local value addition.

What percentage of the global cocoa industry revenue does Ghana earn?

• 50%

• 25%

• 10%

• 2%

What is one of the main reasons why many cocoa farmers in Ghana live in poverty?

• High cost of fertilizers

• Lack of access to modern farming equipment

• Small farm sizes and lack of organic certification

• High taxes on cocoa exports

What initiative did Ghana and Ivory Coast introduce to help raise farmer wages?

• Subsidized farming equipment

• Free trade agreements

• Living Income Differential

• Tax incentives for farmers

What percentage of Ghana's cocoa beans are processed domestically?

• 10%

• 30%

• 50%

• 70%

What is one of the benefits for companies operating in Ghana's free zone?

• Subsidized cocoa beans

• Free export licenses

• Access to free labor

• 10 years of tax-free operations

What is a major challenge for chocolate production in Ghana?

• Excessive government regulations

• High import tariffs on cocoa

• Unstable power supply

• Lack of skilled labor

Why is it difficult to distribute chocolate effectively within Ghana?

• Poor road infrastructure

• Absence of a cold chain

• High transportation costs

• Lack of demand

What is the average cocoa consumption per person in Africa compared to Europe?

• 3 kg in Africa, 6 kg in Europe

• 2 kg in Africa, 4 kg in Europe

• 1 kg in Africa, 3 kg in Europe

• 0.4 kg in Africa, 5 kg in Europe

What is one strategy to increase cocoa consumption in Ghana?

• Reducing cocoa prices

• Increasing cocoa exports

• Introducing chocolate drinks in schools

• Banning imported chocolates

What do advocates want to raise the cocoa price floor to?

• $5,000 per metric ton

• $4,000 per metric ton

• $3,100 per metric ton

• $2,600 per metric ton