Ghana targets increase in cocoa output

Cocoa farmer

Cocoa farmer

from MASAHUDU KUNATEH in Accra, Ghana
ACCRA, (CAJ News) – THE Ghana Cocoa Board (COCOBOD) has projected that total cocoa production for the 2014/2015 season to increase to 1,2 million metric tonnes.

The Suhum District Cocoa Officer of the Extension and Health Division of COCOBOD, Michael Gyasi, who disclosed this, said available records indicate that production of the commodity will rise from the current 850 000 tonnes per year.

He said government was working hard to achieve and sustain the set targets in a bid to ensure that the country becomes the world leader in cocoa production by next year.

Also, the COCOBOD is distributing a total of 50 million improved cocoa seedlings free to farmers in cocoa growing areas of the country this year as Ghana’s President John Dramani Mahama announced.

Ahead of that, he said the board had recruited 4 000 people in 87 cocoa growing communities who have planted and are nursing the seedlings.

Mahama stated in his third State of the Nation of the State Address, said the producer price of cocoa had gone up by 62,74 percent from Gh₵3 392 per tonne to GH₵5 520 per tonnne.

The President stated that the COCOBOD’s free fertilizer application programme for farmers would continue in the 2014/2015 season.

Mahama had requested COCOBOD to unveil a programme to acquire land to engage more young people in cocoa farming.

He announced a US$450-package for the rehabilitation of roads in cocoa-growing areas in the country this year.

The amount which will be released in three installments annually will be used to finance selected roads in the Ashanti, Western, Eastern and Brong-Ahafo Regions, under the Cocoa Roads Rehabilitation Project being funded through the Ghana COCOBOD.

– CAJ News

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Posted by on Apr 13 2015. Filed under Finance, Finance & Banking, Investing, Investing. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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