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Cocoa is Ghana
News
05-06-2017
COCOA FERTILIZER SUBSIDY, BEST FOR COCOA INDUSTRY -COCOBOD CHIEF

The Chief Executive of Ghana Cocoa Board (COCOBOD), Hon. Joseph Boahen Aidoo has indicated that the new policy on cocoa fertilizer subsidy is very important for the sustenance of the cocoa industry.

Giving highlights during a discussion programme on Oman FM, a private radio station in Accra, Hon. Aidoo said under the new fertilizer subsidy policy, government is offering granular fertilizer at GH₵80.00 per bag. This represents 53.4% of the current average price of GH₵171.75. He also noted that foliar (liquid) fertilizer will be sold to farmers at GH₵20.00 per litreconstituting a subsidy of 81.03% of the current average price of GH₵105.00 per litre.

According to Hon. Aidoo, the subsidy will create equitable access and prevent the smuggling of cocoa fertilizer to neighboring countries.

He hinted that COCOBOD will liaise with Licensed Buying Companies (LBCs) and Cocoa Input companies for the sale of the subsidized cocoa fertilizers.

The companies, he explained will sell on commission basis whiles the Input Companies on the other hand will operate on bank guarantee as a means to preventing financial losses to COCOBOD.

The subsidy arrangement is expected to take off in June, 2017.