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Showing posts from September 18, 2023

Ghanaian Government boosts support for cocoa farmers; should the Philippines follow this step?

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Ghana is a republican country in West Africa known as "Gateway to Africa" because of its capacity to handle seaport trading industry among other nation in Africa. They are the second producer of cacao beans in the world as the nation primary agricultural export product together with palm oil, cassava, rice and corn. List of Contents I. Ghana's Cocoa contribution to country's GDP. II. Ghana Government boosts support for Cocoa Farmers. III. The Importance of Government Support for the Agriculture Sector. Ghana's Cocoa contribution to country's GDP In 2022, according to statista.com, cocoa in Ghana contributed 454 million U.S. dollars to the country's Gross Domestic Product, as forecasted. By 2025, the agricultural product is expected to have the highest contribution to the country's GDP, with over 533 million U.S. dollars observed. Ghana is forecasted to have 750 MT of cocoa produced in the 2023 season, which represent