Ghana's Economic Downturn: Cocoa Production Falls in Fourth Quarter

Recent economic data has revealed troubling signs for Ghana as the country’s economic growth slowed down significantly in the last quarter of 2023. The growth rate plummeted to an annualized 2.9% during this period, marking a stark decline from the previous quarter's robust expansion of over 9%. This contraction can be largely attributed to a notable drop in cocoa production, a cornerstone of Ghana's economy and its largest export.

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