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Primary Product Dependence - Why Ghana Misses Out on the Big Bucks from Chocolate

Graham Watson

21st March 2022

This is an important development clip - looking at the value added at different stages of cocoa production.

It notes that whilst Ghana grows 1 million tons of cocoa, it only receives 2% of the profit. Ghana and Cote d'Ivoire supply 60% of global cocoa.

However, the value added in producing cocoa is minimal - it is in the processing and manufacturing of chocolate that the greatest value is added and this explains why chocolate manufacturers make such substantial profits, and to some extent that's at the expense of the producer.

Primary Product Dependence - Why Ghana Misses Out on the Big Bucks from Chocolate

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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