Recent data from the Ghana Statistical Service indicates a significant drop in the export value of cocoa beans for the second quarter (Q1) of 2024.
The export value fell from GH₵ 1.57 billion in the second quarter (Q2) of 2023 to GH₵ 1.15 billion in the second quarter (Q2) of 2024, marking a 26.9% decrease.
This decline is part of a continuing trend, with cocoa bean exports decreasing for the fifth consecutive quarter.
In the Q1 of 2024, the export value also dropped by 24.7% compared to Q1 of 2023.