Trade in cocoa and cocoa products
In 2020, Ghana did not import cocoa beans. A large exporter of the latter, it registered close to 520,500 metric tons in cocoa exports that year. Consequently, a value of over two billion U.S. dollars was obtained from exports of the agricultural product. Cocoa liquor and natural cocoa butter were the main products traded with global partners. As of 2019, the European Union and Asia were the leading importers of Ghana’s cocoa.Furthermore, Ghana trades chocolate and chocolate products. In 2020, the country imported approximately 8.6 million U.S. dollars in chocolate products, while it exported the same in an amount reaching 1.2 million U.S. dollars. Although the value of imports exceeded that of exports that year, the country has exported more chocolate products than it has imported since 2010. Overall, the price of cocoa in Ghana was set at 2.4 U.S. dollars per kilogram in 2021, and it was expected to increase to 2.6 U.S. dollars by 2025.
