Ghana to Acquire 200,000 Hectares for Cocoa Plantation in Bid to Boost Production

The Ghanaian government has announced plans to acquire 200,000 hectares of land for cocoa plantations in a bid to revive the country’s struggling cocoa sector. Finance Minister Dr. Cassiel Ato Forson revealed the initiative at the swearing-in of the new 11-member Board of Directors for the Ghana Cocoa Board (COCOBOD).

Cocoa Production Revival

The government’s plan aims to boost cocoa production to 1 million metric tonnes, addressing the sharp decline from 1 million to 500,000 metric tons in recent years. Dr. Forson emphasized the need for bold action to restore cocoa’s position as a cornerstone of the economy. He reaffirmed the government’s commitment to making cocoa a driving force for economic growth.

Plantation Farms

The acquisition of 200,000 hectares of land for cocoa production will enable the establishment of plantation farms, complementing smallholder farmers and driving sustainable growth in the sector. This initiative is expected to increase output and provide a stable source of income for farmers.

Addressing Diseased Farms

The government also plans to address diseased farms, particularly in the Western Region, to boost cocoa output and protect farmers’ livelihoods. This effort will help to prevent the spread of diseases and ensure the long-term sustainability of Ghana’s cocoa industry.

COCOBOD’s Role

The Ghana Cocoa Board (COCOBOD) plays a critical role in regulating and promoting the cocoa industry. The newly appointed board chairman, Dr. Samuel Ofosu Ampofo, has vowed to transform COCOBOD into a model institution through resetting, retooling, and repositioning.

Government Support

The Finance Minister assured the Finance Ministry’s support for COCOBOD’s turnaround agenda, emphasizing the government’s commitment to the cocoa sector’s revival. The government’s plan to acquire land for cocoa plantations demonstrates its dedication to boosting production and improving the livelihoods of cocoa farmers.

Impact on Farmers

The initiative is expected to have a positive impact on farmers, providing them with stable income sources and opportunities for economic growth. The government’s efforts to address diseased farms and promote sustainable cocoa production will also contribute to the long-term sustainability of the industry.

Economic Benefits

The revival of the cocoa sector is expected to have significant economic benefits for Ghana, including increased foreign exchange earnings and job creation. The government’s plan to acquire land for cocoa plantations is a strategic move to boost production and drive economic growth.

With the government’s commitment to the cocoa sector’s revival, Ghana is poised to regain its position as a leading cocoa-producing country. The acquisition of 200,000 hectares of land for cocoa plantations is a significant step towards achieving this goal.

Source: Africa Publicity