Ghana's Cocoa Revolution: Dumps Foreign Loans to Boost Local Processing Industry
18:23 19.02.2026 (Updated: 18:24 19.02.2026)
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Ghana's Cocoa Revolution: Dumps Foreign Loans to Boost Local Processing Industry
You know, cocoa, just like gold [...]. It's just like when the government decided to use the local currency, cedis, to buy gold, and it worked. So, doing the same thing for cocoa will work, and I think that decision must be applauded. But the truth is that once the cocoa is processed locally, you have added value [...]. I think the government's plan is the way to go.
#AfricanCurrents spoke with Dr. Emmanuel Opoku, a Ghana-based cocoa industry consultant, to examine the full scope of Ghana’s decision to purchase its cocoa with its domestic currency, and how this transition will affect the economy, the cocoa farmers, and the country’s place in the global cocoa market.
⌨ Could this policy trigger other African countries to break free from Western exploitative financing models for commodities? Drop your take in the comments below
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