COCOBOD Boosts Cocoa: Farms Rehab and Growth Strategy

The Ghana Cocoa Board (COCOBOD) has revealed its upcoming official handover of rehabilitated farms in various cocoa regions to beneficiary farmers next month.

The objective is to strengthen cocoa production and consequently elevate the annual cocoa stocks, resulting in increased income for farmers and stakeholders.

During the launch of the 2024 National Chocolate Week Celebration in Accra, Emmanuel Ray Ankrah, Deputy Chief Executive Officer of COCOBOD, conveyed the importance of productivity enhancement programs like pruning, mass-spraying, and pollination to achieve higher cocoa production.

Mr. Ankrah addressed the challenges posed by factors such as illegal mining, climate change, diseases, pest attacks, and cocoa smuggling contributing to the ongoing cocoa beans shortage. Despite these challenges, he highlighted COCOBOD’s success in productivity enhancement and price protection initiatives over the past seven years.

Mr. Ankrah stressed COCOBOD’s commitment to promoting local cocoa consumption as a means to support cocoa cultivation and ensure sustainable incomes for farmers. He outlined the board’s policy of assisting local value addition to cocoa, enabling artisanal chocolate makers to directly purchase cocoa beans from the Cocoa Marketing Company Ltd., a COCOBOD subsidiary.

Emphasizing the importance of supporting small-scale processors to reduce production costs and unemployment while fostering innovation and diversification in production lines, Mr. Ankrah called for a comprehensive approach to address both demand-side and supply-side dynamics in the cocoa sector.

The National Planning Committee for Promotion of Cocoa Consumption, in collaboration with key stakeholders, directed efforts towards the youth as a potential market for this year’s celebration. Initiatives like Chocolate City at the Tetteh Quarshie Roundabout and a Nationwide Campaign aim to raise awareness about the nutritional benefits and cultural significance of cocoa.

Since 2017, COCOBOD has implemented schemes to process at least 50 percent of the annual cocoa production in Ghana, with the goal of increasing per capita consumption from 0.45kg to at least 1kg within a 5–7-year period. By 2019, over 40 percent of the year’s cocoa output was locally processed, marking a substantial improvement.

Mr. Ankrah emphasized the need to consolidate gains made in increasing per capita consumption and enhance strategic focus areas to achieve maximum impact. He cited Europe and the Americas, where per capita cocoa consumption ranges from 7kg to 11kg, as benchmarks for further growth in Ghana’s cocoa industry.

Source: B&FT

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