The Finance Minister, Ken Ofori-Atta has disclosed some $1.3bn has been raised to purchase 850,000 tonnes of cocoa beans.
He said while other cocoa-producing countries reduced producer price as the commodity price tumbled on the international market, Ghana maintained its price to motivate farmers in the country.
Mr. Ofori-Atta revealed this in Parliament while delivering the 2018 budget statement Wednesday.
He said Cocobod awarded an incredible amount of 5.1bn for roads when it had budgeted 1.2bn, leaving a huge deficit.
Govt to use $1.3bn to purchase cocoa
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