World Bank Support

COCOBOD Secures $100M World Bank Support For Cocoa Rehabilitation

COCOBOD Secures $100M World Bank Support For Cocoa Rehabilitation

The Ghana Cocoa Board (COCOBOD) has secured a US$100 million financing facility from the World Bank to rehabilitate old farms across six cocoa-growing districts in the country. The beneficiary cocoa-growing districts of the project include Assin Fosu, New Edubiase, Nkawkaw, and Juaso. The four-year project would support the cutting down of cocoa trees, which have lived 20 years and above, land preparations, and the provision of planting materials, including seedlings and suckers. Mr Joseph Boahen Aidoo, Chief Executive Officer (CEO), of COCOBOD, made this disclosure in an interview with journalists as part of a field trip to some farms in…
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