Ghana Cocoa Board

[2] Besides, the higher quality hybrid seeds are sold by the organization and some research on cocoa plant-related diseases are also carried out.

The Ghana Marketing Board was established by ordinance in 1947 with the sum of 27 million Ghanaian Cedi as its initial working capital.

Subsidies for production inputs (fertilizers, insecticides, fungicides, and equipment) were removed, and there was a measure of privatization of the processing sector through at least one joint venture.

With the regulation of pricing and manufacturing controlled by the government over 30,000+ jobs were lost but Ghana still holds its spot as one of three highest yielding countries of Cocoa.

[12] In May 2024, Reuters reported that COCOBOD would borrow up to $1.5 billion by September to finance 2024/25 cocoa purchases and compensate for low output.

Due to the government's One-district One-factory venture, the local fertiliser production firms had the requisite capacity the demand of the country.