News

Ghana Banks on Industrial Plantations to Revive Cocoa Industry

Ghana Banks on Industrial Plantations to Revive Cocoa Industry
Monday, 19 May 2025 12:33
  • Ghana plans to allocate 200,000 hectares for new industrial cocoa plantations under Cocobod.

  • The effort aims to offset productivity losses caused by illegal mining, aging trees, and plant disease.

  • Cocoa production dropped 31% since 2019/2020; the government targets a 1 million-ton output.

Ghana’s cocoa production has faced ongoing fluctuations, largely due to illegal mining, aging trees, and viral plant diseases. In a bid to revive the sector, the government has announced plans to acquire 200,000 hectares of agricultural land on behalf of the Ghana Cocoa Board (Cocobod) to establish new industrial plantations.

The initiative was unveiled on May 16, 2025, by Finance Minister Cassiel Ato Forson during the inauguration of Cocobod’s new board of directors. Forson said the project would allow Cocobod to establish large-scale plantations to supplement smallholder activities and support long-term growth in cocoa output.

Forson said the initiative would complement existing smallholder farmer operations and ensure sustainable growth in the sector. Although implementation details remain undisclosed, the announcement has been welcomed by stakeholders in a sector long constrained by structural issues. According to Cocobod, roughly 500,000 hectares of cocoa orchards are currently unproductive due to illegal mining operations (locally known as galamsey), aging trees, and the spread of Swollen Shoot viral disease.

The planned 200,000 hectares of new plantations could help reverse the trend. Data from the International Cocoa Organization (ICCO) show that Ghana’s cocoa production declined by 31%, from 771,000 tons in 2019/2020 to 530,000 tons in 2023/2024.

However, the impact of new plantations will not be immediate. Cocoa trees typically take three to five years to produce their first pods, with peak yields only achieved from the sixth or seventh year.

In his May 16 speech, Forson reiterated the government’s goal of raising cocoa production to 1 million tons annually; a symbolic benchmark reached only twice in the past 15 years, during the 2010/2011 and 2020/2021 seasons, according to the U.S. Department of Agriculture.

If successful, the expansion of Ghana’s national orchard could help it reclaim lost ground in the global cocoa market and narrow the gap with Côte d’Ivoire, the world’s top cocoa producer. While Ghana’s output has fluctuated, Côte d’Ivoire has maintained an average of 2.1 million tons between 2019/2020 and 2022/2023, ICCO data show.

On the same topic
Kenya signs $311 million deal to build two high-voltage power lines Private partners finance, build, operate lines under 30-year concession New...
Market sources expect rice prices to keep falling in the first quarter of 2026. India is heading for a record harvest and may release large export...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has moved beyond past election-related unrest. Strong...
Bilateral trade surged 80% to hit $143m in 10 months, while Al Mana Holding committed $200m to a sustainable aviation fuel plant in...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.