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how cocoa contribute to foreign exchange in Ghana​

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imonthenextlevel
Exports of raw cocoa beans are a key source of foreign exchange for Ghana's central bank. Ghana's cocoa sector is regulated by the state-owned marketing board Cocobod. Cocobod has a monopoly, through its subsidiary Cocoa Marketing Company, over the marketing of Ghanaian cocoa beans.
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Currency transactions by Ghanaian banks are set to double as the government starts to auction foreign exchange raised by the country's cocoa-exporting body, allowing companies to bid for dollars rather than buy them from the black market or exchange bureaus.

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