world trade, Ghana, cocoa
For a long time, countries like Ghana have sold goods like cocoa beans as commodities, for countries like Switzerland to profit from in its transformation into the far more valuable /chocolate/.
No longer.
"A year ago, Ghana’s President Nana Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. But his visit may not have gone as his host would wish as he announced that his country will soon end the process of selling raw materials to trade partners for onward value addition."
President Akufo-Addo:
"Ghana is currently Switzerland’s largest trading partner in sub-Saharan Africa, largely from the export of gold and cocoa to Switzerland and the import of chemical and pharmaceutical products…However, as I have stated on many occasions, Ghana no longer wants to be dependent on the production and export of raw materials, including cocoa beans. We intend to process more and more of our cocoa in our country with the aim of producing more chocolate ourselves"
"With Ghana’s move towards processing its own cocoa, the world, and not just Switzerland, will experience a massive shortage since Ghana is responsible for about 45% of the world’s cocoa."
https://face2faceafrica.com/article/why-ghana-will-no-longer-sell-cocoa-to-switzerland
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