Ghana's president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector
Ghana’s president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector and reorganise the state-run regulator, aiming to stimulate growth and improve efficiency in the world’s second-largest cocoa producer.
Mahama said his government would work out the modalities of a restructure, hinting at private sector involvement in some areas handled by COCOBOD. Mahama said one of his priorities would be to revamp cocoa and crude oil output to help lift growth and increase non-tax revenue. Mahama blamed what he described as COCOBOD’s wasteful spending for depleting cocoa production funds and depriving farmers of optimal prices, leading many to turn to illegal mining or seek alternative livelihoods.
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