Audio By Carbonatix
The Ghana COCOBOD has said it was breaking new grounds that would enable Ghana to maximise its cocoa returns through diversification of its markets and investing more in the industry abroad.
At a press briefing in Accra on recent developments, Mr Isaac Osei, Chief Executive of the Board said the move followed current world demand and taste for Ghana’s premium quality cocoa bean that some European and Asian countries had shown.
He said countries such as Cuba, Turkey, China and Khagistan had shown great interest to trade on commercial lines with Ghana. Some of them, he said, had placed request for the importation of Ghana’s cocoa bean.
“We have to look for opportunities for investment elsewhere and have a stake in what goes on in the world at large. Ghana is not making enough money as it should, so we have to move from being a primary producer and start the process of looking outward,” he said.
He said: “They will focus more in investing into the tertiary sector where cocoa is converted into powder and chocolate products for maximum returns.”
Mr Osei said Cuba, which produced similar quality cocoa beans like Ghana and with a production capacity of only about 200,000 tonnes had placed a request to import about 25,000 tonnes.
He said there was the need to closely consider Cuba’s request and devise the means of forging links on commercial lines.
Last year Ghana’s production capacity was 600,000 tonnes and this year it had been projected at 620,000 tonnes by the end of the crop season.
Source: GNA
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
-
Osaka apologises for ‘disrespecting’ Cirstea
42 minutes -
Midfielder Casemiro to leave Man Utd this summer
1 hour -
Infantino joke about British fans was ‘cheap’ – FSA
1 hour -
Labourer gest 10 months imprisonment for stealing
1 hour -
Building contractor remanded over trespass, threat of harm
1 hour -
Any candidate who contests on NPP’s ticket in 2028 will lose abysmally – Nana Yaa Jantuah
1 hour -
Firefighters rescue dog trapped in well at Amamorley
1 hour -
COMAC reaffirms unity amid member self-suspension
1 hour -
If we can mobilise against disease, why not against poverty, dependency? – Mahama asks leaders
1 hour -
How solar light is changing life in a small community near Aframso, supporting Climate Action
2 hours -
Economic gains must be sustainable beyond 2028 – Kyei-Mensah-Bonsu
2 hours -
Resources should go into rail development, not new expressway – Kyei-Mensah-Bonsu
2 hours -
CEO of Afcallo Ventures Christabel Ofori reveals how her son inspired her to start a skincare business
2 hours -
NPP must ensure peaceful primaries amid internal tensions – Asah-Asante
2 hours -
Emotional stress key factor in men’s sexual performance – Dr Twumasi Ankrah
2 hours
