Ghana Holds Emergency Cabinet Meeting on Cocoa as Futures Plunge

Ghana, the world's second-largest cocoa producer, has called an emergency cabinet meeting in response to a plunge in international cocoa prices. The decision comes as the chocolate-making ingredient faces a significant drop in its market value. The meeting aims to address the potential impact of the price decline on the country's economy, which is heavily reliant on cocoa exports. Ghana's president has convened the cabinet to discuss measures that could be taken to mitigate the effects of the price fluctuations on the local cocoa industry and the nation's overall economic stability. The meeting highlights the importance of the cocoa sector to Ghana's economy and the government's commitment to ensuring the industry's resilience in the face of global market volatility. The outcome of the emergency cabinet meeting is expected to provide insights into Ghana's strategy for navigating the current challenges in the cocoa market.