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Ghana - Cocoa Sector Institutional Support Project (COSISP) - Project Appraisal Report

21-Jan-2020

The cocoa sector, which is the single most important source of income for farmers in Ghana, faces several challenges. The most recent one is the decline in world prices, which has seriously affected the financial situation of the organization managing the sector, COCOBOD (See BOX 1 for more information on COCOBOD). However, there are also structural problems such as the large number of aging or diseased trees, which need to be replaced, the low level of productivity, which discourages farmers from remaining in the sector, and smuggling. Thus, it is important to improve the effectiveness of COCOBOD, encourage private sector participation, enable higher and less volatile farm gate prices, and promote collaboration with Côte d’Ivoire

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