{"id":740933,"date":"2019-11-08T22:10:11","date_gmt":"2019-11-08T22:10:11","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/08\/600-million-cocoa-loan-to-serve-interest-of-farmers-cocobod-ceo\/"},"modified":"2019-11-08T22:10:11","modified_gmt":"2019-11-08T22:10:11","slug":"600-million-cocoa-loan-to-serve-interest-of-farmers-cocobod-ceo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/08\/600-million-cocoa-loan-to-serve-interest-of-farmers-cocobod-ceo\/","title":{"rendered":"$600 million cocoa loan to serve interest of farmers \u2013 Cocobod CEO"},"content":{"rendered":"

<\/p>\n

\n
\n
\"Joseph
Joseph Boahen Aidoo, CEO, COCOBOD
\n<\/figcaption><\/figure>\n<\/div>\n

Chief Executive Officer (CEO) of COCOBOD, Joseph Boahen Aidoo, has explained government\u2019s decision to acquire a $600m cocoa loan facility is in the interest of the farmers and Ghana at large.<\/p>\n

According to Mr Aidoo, the loan will go a long way to
\nimprove Ghana\u2019s cocoa sector and boost production.<\/p>\n

\u201cThe money is to boost cocoa production to improve the standard of living for farmers and also make it attractive. So it is in the interest of farmers and Ghana,\u201d he said.<\/p>\n

ALSO READ: $600m loan to revamp cocoa sector \u2013 NPP explain<\/strong><\/p>\n

Speaking in an interview on Asempa FM\u2019s Ekosii Sen<\/strong> show, Mr Aidoo said the loan facility will also help Ghana to deal with cocoa swollen shoot disease which has become a real challenge.<\/p>\n

\u201cThere is no need for us to politicise this loan because we have lost a lot of cocoa trees in the Western region, especially due to the swollen shoot disease. So I believe we can use this money to support farmers in replanting,\u201d he explained.<\/p>\n

READ ON: Registrar General\u2019s Department in State vehicles auction scandal<\/strong><\/p>\n

Mr Aidoo added that COCOBOD has held meetings with counterparts in Ivory Coast to see how best they can influence purchasing power.<\/p>\n

\u201cWe are going to establish a permanent cocoa secretariat fund in Accra to support farmers in Ghana and Ivory Coast. The Ivorians will appoint the Secretary for the Board,\u201dhe revealed. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Joseph Boahen Aidoo, CEO, COCOBOD Chief Executive Officer (CEO) of COCOBOD, Joseph Boahen Aidoo, has explained government\u2019s decision to acquire a $600m cocoa loan facility is in the interest of the farmers and Ghana at large. According to Mr Aidoo, the loan will go a long way to improve Ghana\u2019s cocoa sector and boost production. […]<\/p>\n","protected":false},"author":1,"featured_media":731735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-740933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n$600 million cocoa loan to serve interest of farmers \u2013 Cocobod CEO - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/08\/600-million-cocoa-loan-to-serve-interest-of-farmers-cocobod-ceo\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$600 million cocoa loan to serve interest of farmers \u2013 Cocobod CEO - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Joseph Boahen Aidoo, CEO, COCOBOD Chief Executive Officer (CEO) of COCOBOD, Joseph Boahen Aidoo, has explained government\u2019s decision to acquire a $600m cocoa loan facility is in the interest of the farmers and Ghana at large. According to Mr Aidoo, the loan will go a long way to improve Ghana\u2019s cocoa sector and boost production. 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