Business News of Monday, 8 October 2018Source: thebftonline.comChinese investors eye cocoa processing factory in Western RegionCEO of COCOBOD, Joseph Boahen Aidoo inspecting a cocoa farmChinese investors have begun discussions with the Ghana Cocoa Board (COCOBOD) to construct a high-capacity cocoa processing factory in the Western Region. And improved high-yielding cocoa varieties which start bearing 2-3 years after planting will be supplied to investors by the Seed Production Division of Ghana Cocoa Board for the establishment of cocoa plantations. Private sector investors in the financial sector are invited to participate in providing funding for business in the country. He added: “Licenced Buying Companies for cocoa, coffee and shea-nut remain entirely in the hands of private sector investors. In the case of coffee and shea-nut, private sector investors also undertake external marketing of these products in the international market.

Source: GhanaWeb October 08, 2018 01:07 UTC