Ghana's Cocoa Woes: Regulator reports $2.2 billion in debt, misses targets

Posted by agwotu oka on June 09, 2017

Ghana's cocoa regulator has reported that it is $2.2 billion in debt, after missing production targets last season and a slump in global prices. The country's Cocoa Board has suffered $1 billion in revenue losses in the current season, which began in October. Future contract prices have also fallen.

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Ghana's Cocoa Woes: Regulator reports $2.2 billion in debt, misses targets

Ghana's cocoa regulator has reported that it is $2.2 billion in debt, after missing production targets last season and a slump in global prices. The country's Cocoa Board has suffered $1 billion in revenue losses in the current season, which began in October. Future contract prices have also fallen.

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