In a resolute effort to revitalize Ghana’s cocoa industry, the Ghana Cocoa Board (COCOBOD) has injected a staggering GH¢110.8 million into the rehabilitation of cocoa farms.
This substantial investment marks a pivotal moment in the nation’s cocoa sector, signaling a renewed commitment to enhance productivity, combat disease, and secure the livelihoods of cocoa farmers.
The allocation of GH¢110.8 million underscores COCOBOD’s proactive approach to address the multifaceted challenges confronting cocoa cultivation, including the devastating Cocoa Swollen Shoot Virus Disease (CSSVD) and aging tree stock. With a focus on rehabilitation, the funds are earmarked for compensation payments, tree cutting, replanting, and maintenance—a comprehensive strategy aimed at rejuvenating Ghana’s cocoa farms.
The breakdown of the investment reveals a meticulous approach towards supporting cocoa farmers across various regions. Notably, GH¢43.3 million has been disbursed as compensation to affected farmers and landowners, acknowledging the sacrifices made in the face of adversity. Additionally, GH¢67.5 million has been allocated to essential activities such as tree cutting and the provision of plantain suckers, essential for farm rehabilitation.
The impact of this investment extends far beyond monetary value. Over 54,000 hectares of cocoa farms affected by CSSVD have been rehabilitated, offering a glimmer of hope for Ghana’s cocoa industry. By shouldering the entire cost of farm rehabilitation for two years, COCOBOD demonstrates its unwavering commitment to supporting farmers through challenging transitions.
Furthermore, the injection of funds into cocoa farm rehabilitation resonates with broader efforts to mitigate the adverse effects of climate change, disease outbreaks, and labor shortages plaguing the cocoa sector. It reflects a strategic investment in sustainable agriculture, promoting long-term resilience and prosperity for cocoa-dependent communities.
In light of these developments, COCOBOD’s investment in cocoa farm rehabilitation serves as a beacon of hope for Ghana’s cocoa industry.
“The funds are earmarked for compensation payments, tree cutting, replanting, and maintenance—a comprehensive strategy aimed at rejuvenating Ghana’s cocoa farms”
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