Announcing this on Sunday at a briefing in Peduase, Eastern Region, Information Minister, Kojo Oppong Nkrumah said: “The stimulus will target rehabilitation of plantations, improvement in storage and domestic processing, stimulation of local consumption as well as efforts to increase output on farms among others and spans a 7-year period.”
“The Administration believes that Cocoa, being a major pillar of our economy cannot be allowed to survive at its own pace. Cocoa farmers who have been the backbone of the Ghanaian economy already have good news for 2020 in cocoa price structure but now get an additional dose through this stimulus package,” Mr. Oppong Nkrumah indicated.
He said the huge investment is to step up Ghana's production to 1.5m metric tonnes by 2027.
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