Audio By Carbonatix
Ghana, the world’s second-biggest cocoa producer, may exceed its main-crop forecast of 600,000 metric tons this year, said Dramani Egala, deputy chief executive officer of operations at the Ghana Cocoa Board.
“We may see some slight improvement in what we expected,” Egala said today in a phone interview from the capital, Accra. He wouldn’t provide a more specific estimate.
It’s the first time the state-owned board, known as Cocobod, has said it may exceed its production forecast since the original estimate of 600,000 tons was announced in September. The main-crop harvest, which began in October, ends on June 4.
Cocobod bought 595,000 tons of beans from growers in the season to May 1, compared with 598,000 tons in the same period a year earlier, Bank of Ghana Governor Paul Acquah said earlier this week.
Ivory Coast is the world’s largest cocoa producer.
Story by Emily Bowers [ebowers1@bloomberg.net]
Source: Bloomberg
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
New Year begins with 15.92% water and 9.86% electricity tariff hikes
6 minutes -
TUC, PURC call for calm amid power tariff concerns, assure public of stakeholder engagement
9 minutes -
New VAT is a game changer for Ghana’s revenue collection – GRA Boss
44 minutes -
Adom FM’s Strictly Highlife comes off today at Palms Convention Centre
51 minutes -
Relive the 90s: Joy FM’s 90’s Jam takes over this Friday
52 minutes -
Relieve Ato Forson of Defence role to protect fiscal discipline – Franklin Cudjoe to Mahama
1 hour -
Ghana at a ‘critical crossroads’, must mentor youth in integrity – Duffuor
2 hours -
Foreign Affairs Minister completes rollout of Passport Application Centres in all regional capitals
3 hours -
Deputy Foreign Affairs Minister commissions Passport Application Centre in Goaso
3 hours -
Choose people and planet over war – UN Secretary-General’s New Year message to world leaders
3 hours -
Police nab suspect over foiled gold robbery plot at Manso Abrense
3 hours -
Philadelphia Church camp meeting causes massive gridlock on Accra-Kumasi Highway
4 hours -
“Truth with danger saves generations” — Dr Duffuor urges integrity-led renewal in New Year message
4 hours -
Gold boosts Cedi to shatter 30-year losing streak
4 hours -
Zelensky says peace deal is 90% ready in New Year address
5 hours
