Essays /

Impact Of Government Support On Cocoa Essay

Essay preview

ID: 207DE02002696


1.1 Background to the study
For 66 years, Ghana was the largest producer of cocoa beans in the world. However, during the 1977/78 season, this position was lost by the country. Today, La Cote d’Ivoire, Ghana’s direct neighbor is the largest producer of the crop in the world, producing about 1.2 million metric tonnes. In terms of cocoa exports, Cote d'Ivoire accounts for the largest share in West Africa with an estimated 34%, followed by Ghana 17.5% (Based on ICCO figures for 2010). The contribution of the crop to the overall economy of the country cannot be overemphasized. This is what has been the driving force of the various government interventions to support the sector. For instance in 2002, cocoa revenue contributed to 22.4 percent of total foreign exchange earnings to the country (ISSER, 2003). The crop is now contributing over $1billion of foreign exchange earnings to the country (COCOBOD, 2009). Losing the number one position, therefore, is a big blow to the country. The target is not just to be called the number one but due to the important role of the crop to the economy, it is necessary to increase production. To achieve this, several initiatives have been put in place to support the cocoa sector. In 1999, government approve...

Read more


000 1 1.1 1.2 1.3 1.4 1.5 1.6 17.5 1959 1962 1964/5 1977/78 1999 1billion 2 2001 2001/02 2002 2003 2003/4 2004 2004/5 2006 2008 2009 2009/10 2010 2011/12 2020 207de02002696 2080 22.4 3 335 34 500 580 640 66 700 737 8 account achiev address adjinah administ adopt africa aim almost among analyz anim anim-kwapong anoth approach approv area attempt attribut ayi background base bean believ benefit best big blow board bodi call cannot care categori challeng chang chapter climat cocoa cocobod codapec common conclus conduct consist constant construct contribut control cost cote could countri creat credibl crig crop d danger data decis decreas definit develop direct discuss diseas doubl drive drought due earn economi educ effect effort elabor empir estim evalu even everyth exchang expans expect experienc export facil facilit factor fall far farm farmer figur find first five fluctuat focus follow forc foreign four frimpong fund gather get ghana give govern great grow growth hand help high hinder howev icco id impact impedi implement import impress improv incept includ incorrect increas industri inform initi insecticid instanc institut intern intervent introduc introduct involv isser ivoir knowledg known kome kpodo kwapong la largest last late lead literatur long lose lost made main major make man mass mean met methodolog metric million multisector name nation necessari neighbor nii number object one opoku organ other outcom output overal overemphas paid peopl percent perform period pest place point polici popular posit practic primarili problem produc product programm project put quartey recommend regul rehabilit relev repres research respons result revenu review rid rise road role said sampl season second sector see seen sensit serious set sever shape share shown signific similar size solv sometim speci spray stakehold statement statist strategi student studi subsidiari summar summari support suppos tabl taken target temperatur term theoret therefor though three time today tonn tool topic total tri two unabl undertaken use valu valuabl various view warehous weather west whole world year yield