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In an interview with
Citi Business News, the Public Affairs Manager of COCOBOD, Fiifi Boafo, indicated that “It’s been of concern, a concern in the sense that generally the cocoa market has been saturated and consumption does not seem to be growing as fast as production of cocoa so any new addition in terms of production is a matter of concern because higher production without commensurate consumption will force the price of cocoa downwards.” But in a swift response, the sector minister has allayed the fears by Ghanaians, saying China cannot be a competition to Ghana in exporting cocoa to the international market.
The Ghana COCOBOD says Chinaâs recent export of cocoa raises some concerns for the future of the sector in Ghana.
The Asian country is reported to have exported to Belgium its first batch of cocoa beans weighing 500 kg worth about $3,600.
In an interview with
Citi Business News, the Public Affairs Manager of COCOBOD, Fiifi Boafo, indicated that âItâs been of concern, a concern in the sense that generally the cocoa market has been saturated and consumption does not seem to be growing as fast as production of cocoa so any new addition in terms of production is a matter of concern because higher production without commensurate consumption will force the price of cocoa downwards.â
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