The Ghana Cocoa Board (COCOBOD) is confident measures put in place to
raise national cocoa production figures will soon translate into
increased output to bridge the global cocoa deficit.
The deficit is expected to peak at one million tonnes by 2020, which, if
not checked, could cause prices of the beans to skyrocket.
However, with special yield-boosting initiatives such as the free
distribution of hybrid cocoa seedlings, luring of youth into cocoa
farming and the free distribution of fertilisers and other inputs,
COCOBOD, which regulates the country’s cocoa sector, said its estimates
showed that Ghana’s annual figures would rise in the next few years and
subsequently neutralise the deficit.
However, with special yield-boosting initiatives such as the free
distribution of hybrid cocoa seedlings, luring of youth into cocoa
farming and the free distribution of fertilisers and other inputs,
COCOBOD, which regulates the country’s cocoa sector, said its estimates
showed that Ghana’s annual figures would rise in the next few years and
subsequently neutralise the deficit.
