A study conducted by markets and markets1 on the Cocoa and Chocolate industry between 2012 and 2018 found that the global cocoa market was worth $2.1 Billion, whilst the global chocolate market was valued at $131.7 Billion. This enormous 6,261.90% disparity between the price of raw materials and the prices of finished product raises concerns about what occurs between the tropical farm that produces the cocoa and the consumer of chocolate. Given that Ghana produces about 20% of all the world’s cocoa, this paper will explore the historical and colonial patterns that created this disparity in this commodity value chain. This will be accomplished via an in-depth study of Ghana’s Cocoa Board (COCBOD), the governmental agency in charge of the sale and regulation of all cocoa in Ghana. Gary Gerreffi’s commodity chain theory will be employed, along with colonial and corruption theory as a way to illuminate the intricacies of this organization and the role they play in this disparity. Using media content, independent research and interviews, this thesis will argue that the colonial origins of the organization created the elitist and corrupt practices that exist even today. This plays a major role in keeping cocoa prices low in favor of the western companies that produce chocolate. Suggestions will also be made on how this commodity chain could be restructured to begin to be more equitable to both producers and consumers.
|School:||The American University of Paris (France)|
|Source:||MAI 82/8(E), Masters Abstracts International|
|Subjects:||Economics, African Studies|
|Keywords:||Chocolate Industry, Cocoa industry, COCOBOD, Ghana Cocoa Board|
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