By: Economic & Finance Report

Africa’s biggest cocoa producers Ghana, and Ivory Coast, will partner together to increase production of the cocoa bean. Both countries suffered economically because of the declining revenue of cocoa beans.

Presidents of Ghana, Nana-Akufo Addo, and Ivory Coast President, Alassane Ouattara met on Friday to discuss ways of increasing cocoa bean production and better coordinate between countries on increased development of the plant.

Both countries will be working with the African Development Bank, to find ways on capitalizing on cocoa and increasing the revenue in the sector. Ivory Coast and Ghana want to export more cocoa, which eventually helps revenues in both countries. Cocoa sales have suffered within the last several years worldwide and cocoa futures that are traded in global markets, have declined drastically as well; in daytime trading.  -SB

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