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International Business Times
International Business Times
Science
AFP News

Ghana's Cocoa Farmers Turn To Smuggling As Currency Falls

Higher production costs and the Ghanaian currency's fall have hurt cocoa farmers (Credit: AFP)

Ghanaian cocoa farmer Isaac Antwi says he has to smuggle his beans to Ivory Coast to sell them at a decent profit even as international prices for the commodity recently surged.

He is not the only farmer to have turned to illicit trade in the world's number two cocoa producer as the country's currency, the cedi, has fallen sharply and production costs have soared.

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