Ghana's Cocoa Sector Gets a Boost: President's Plan for Factories and Higher Prices

Ghanaian Cocoa Sector Receives Boost: President Announces New Factories and Higher Prices Ghana's cocoa sector is set for a significant boost following an announcement by President Nana Akufo-Addo. The President hinted at plans to establish new cocoa processing factories in major cocoa-producing regions across the country. This initiative aims to add value to Ghana's cocoa exports and create more jobs within the sector. The move is expected to significantly benefit cocoa farmers. In addition to the new processing facilities, the President also suggested an increase in the producer price for cocoa. This means farmers will receive more money for their cocoa beans, improving their livelihoods and encouraging greater production. "This is a crucial step towards ensuring that our cocoa farmers receive a fair price for their hard work," said a government spokesperson in an interview with UTV Ghana. The spokesperson emphasized the government's commitment to supporting the cocoa industry and its vital role in Ghana's economy. The announcement has been met with optimism among cocoa farmers and industry stakeholders. The new processing factories are expected to create thousands of jobs and contribute to the overall economic growth of the country. The improved producer prices will also provide a much-needed income boost to farmers, many of whom have struggled with low prices in recent years. This government initiative promises to revitalize the cocoa sector and secure its future for generations to come.