Ghana, the world’s second-largest cocoa producer, together with other cocoa producing countries on the continent have announced plans to establish an African Cocoa Exchange (AfCX) that will serve as a platform for financing and trading cocoa proceeds. The exchange, which is expected to be operational this year should everything go according to plan aims to […]
Commodity-dependent countries in Africa were mostly affected by global shocks in 2022
Commodity-dependent countries in Africa were mostly affected by global shocks in 2022 Over the years, it has been argued based on conceptual and empirical evidence that export concentration in commodities as evident in many African countries pose serious threats to economic growth and development1. Commodity-dependent countries—countries where commodities represent more than 60% of total merchandise […]