You are here: HomeBusiness2025 02 27Article 2016149

Business News of Thursday, 27 February 2025

    

Source: www.ghanawebbers.com

Ghana cocoa arrivals up 70% due to better crop, smuggling crackdown

Ghana cocoa arrivals up 70% due to better crop, smuggling crackdown Ghana cocoa arrivals up 70% due to better crop, smuggling crackdown

Cocoa deliveries to Ghana’s warehouses have surged by 70% compared to last season, reaching approximately 560,250 tons since the 2024-25 season began on February 13, 2025.

According to Bloomberg, this increase is due to improved harvests and reduced smuggling.

Last season, only 330,000 tons were delivered during the same period. The global market is closely watching West African cocoa supplies after previous poor harvests led to shortages and record-high prices.

In 2024, Ghana’s cocoa exports dropped to $1.696 billion from $2.152 billion in December 2023, largely due to extreme weather and illegal mining (galamsey). The latest production boost could help stabilize exports and improve Ghana’s standing in the global cocoa market.