Business News of Wednesday, 21 April 2021Source: www.ghanaweb.comThe Ghana COCOBOD has expressed worry over reports of China’s resolve to produce and export cocoa beans. The industrial Asian nation is reported to have produced its first batch of cocoa beans in the town of Xinglong in South China and according to reports subsequently exported to Belgium weighing 500kg and worth about US$3,600. But the Public Affairs Manager for the Ghana COCOBOD, Fiifi Boafo in an interaction with Citi Business News monitored by GhanaWeb described the development as rather worrying for the future of Ghana’s cocoa industry. He continued, “The concern has to do with the fact that, would China be able to produce in large quantities and be commercially viable? Meanwhile, Ghana and Ivory Coast account for almost 70% of global supplies for cocoa beans.
