Cocoa Production and Export in Ghana

Abstract

The objective of this paper is to analyse the production and export of Cocoa in Ghana. Concerns about declining output and export of cocoa in Ghana has prompted the necessity of this study. Given the significance of Ghana as the principal producer and exporter of cocoa and a major source of foreign earnings in the country, it is imperative to analyze the production and export trend of the industry. This study review cocoa production and export in Ghana over a 21 year period spanning from 1995 to 2016. Time series data were employed and these were collected from FOA database and other secondary sources from Literatures and books to process the data. We assessed the country’s production and export trend by using both empirical and descriptive approaches which were checked by multivariate statistical analysis. The results suggest that total cocoa production and export in Ghana both witnessed an average year-over- year increase of 5.3% and 5.7% respectively. In spite of these improvements observed, there is potential for further improvement and this can be achieved through government support to the subsector.