Chocolate Nations: Living and Dying for Cocoa in West Africa (African Arguments)
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At independence, the country had reserves of $560 million. By 1966, they had long evaporated. Ghana had once been debt-free. By the time of Nkrumah’s departure, its foreign debt totalled $1 billion,32 much of it in short-term loans.
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Fake Hero Nkrumah almost bankrupted Ghana
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The success of the cocoa industry hinges on the availability of families, those of the farm owner or caretaker, to harvest the crop.
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Modern slavery
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Decades of political mismanagement, theft and waste mean that large parts of rural Ghana and Côte d’Ivoire are massively underdeveloped.
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