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From the Gold Coast (Ghana) cocoa beans or cuttings were sent to other countries such as Nigeria and Sierra Leone. The export of cocoa from Ghana began in 1891, and the official export in 1893 (two bags exported). Ghana once provided almost half of world output. Between 1910 and 1980 Ghana was the world's largest exporter.
In 1471, Portuguese explorers encountered fishing villages rich with ivory and gold along the Atlantic coast of modern-day Ghana, which the Portuguese called the Gold Coast. [3] The prospect of trade in the Gold Coast region helped spur the construction of the fortress São Jorge da Mina (St. George of the Mine) in 1482, which soon came to be ...
The Tetteh Quarshie cocoa farm, also known as the Ecomuseum of Cocoa, is the founding cocoa farm in Ghana. It is located in Akuapim-Mampong around 58km from Accra. Tetteh Quarshie established the farm in 1879 using seeds brought back from Bioko, Equatorial Guinea. [1] Three trees planted by Quarshie remain at the farm. [2]
Cocoa beans and cocoa harvest processing. Ghana's cocoa production grew an average of 16 per cent between 2000 and 2003. [18] Cocoa has a long production cycle, far longer than many other tropical crops, and new hybrid varieties need over five years to come into production, and a further 10 to 15 years for the tree to reach its full bearing potential.
The production of cocoa was largely in the hands of Africans. [113] The Cocoa Marketing Board was created in 1947 to assist farmers and to stabilise the production and sale of their crop. By the end of that decade, the Gold Coast was exporting more than half of the world's cocoa supply. [112]
The first attempt to regulate market value and production was in 1947 through the Ghana Marketing Board, which dissolved in 1979 and was reconciled into Ghana Cocoa Board also called COCOBOD [9]. The Ghana Marketing Board was established by ordinance in 1947 with the sum of 27 million Ghanaian Cedi as its initial working capital. In 1979, this ...
The significant fortune Vivour made in the palm oil business he invested heavily in cocoa farming. On February 1, 1872, he loaned Reverend Roe his schooner to visit Clarence peak. [12] By 1887, when he accompanied Catholic missionaries on their first trip to the western side of the island, Vivour had acquired several cocoa plantations.
Ghana produces high-quality cocoa. [125] It is the second largest producer of cocoa globally and its ICCO membership helps in its international cocoa trade. [126] Ghana is classified as a middle income country. [4] [127] Services account for 50% of GDP, followed by manufacturing (24.1%), extractive industries (5%), and taxes (20.9%). [120]