Original disclosure @ AFDB website
Updated in EWS Feb 26, 2020
Disclosed by Bank Jan 21, 2020
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The cocoa sector, which is the single most important source of income for farmers in Ghana, faces several challenges.
There is a decline in world prices affecting the financial situation of the organization managing the sector, COCOBOD.
There are also structural problems such as the large number of aging or diseased trees, which need to be replaced, the low level of productivity, which discourages farmers from remaining in the sector, and smuggling.
The project aims to finance:
The primary beneficiaries will be cocoa farmers, many of whom are producing below the productive capacity of their cocoa farms and will therefore see their income increase through improved performance in the cocoa sector.
Total cost: 5000000
Source(s) of financing
Task Manager: IBRAHIM Amadou, ECGF / no contact details provided at the time of disclosure
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