Ghana Cocoa Board (COCOBOD) has announced that over 40,000 farmlands belonging to cocoa farmers, which were temporarily taken for rehabilitation to enhance production, are set to be returned next month.
The release, initially scheduled for April, was postponed to July.
The rehabilitation project aims to address the decline in annual cocoa yields, ultimately leading to increased income for farmers and stakeholders in the cocoa industry.
The head of Public Affairs at COCOBOD, Fiifi Boafo, confirmed to Citi Business News that the handover of the farms will indeed take place in July.
Mr. Boafo stated, “The over 40,000 farms will be handed over next month. That is in July. Initially, it was planned to take place in April, but there was a change in plan. So the decision is that July next month, those farms will be handed over to the owners. I am referring to the farmers who originally owned these farms.”
The rehabilitation of these cocoa farms is expected to significantly improve cocoa production in Ghana, which is one of the leading cocoa-producing countries in the world.