Ghanaian Farmer Benefits From Country’s Cocoa Board Project

The Ghana Cocoa Board was established by ordinance in 1947 with the sum of 27 million CEDIS (being Ghana’s share of the net profit of the West African Produce Control Board) as its initial working capital.

The Board traces its beginning further back to the cocoa hold-up of 1937.

Now, the African Development Bank is financing a cocoa rehabilitation program.

Ghana, the world’s second largest cocoa grower, and top producer Cote d’Ivoire, together account for nearly 70 percent of global supply. Aidoo said around 50% of the loan will go toward rehabilitation of cocoa farms.

Ccobod regulates the cocoa industry in Ghana and assists farmers with farming methods and tools that improve husbandry and yield.

With the new investment, the country projects that output will exceed 1 million tonnes, up from a yearly average of 850,000 tonnes.