Ghana cocoa supply down

AMID inadequate cocoa harvest in Ghana, the country’s cocoa regulator, Cocobod signed loans with several international banks to purchase 850,000 tonnes. This amount of cocoa will be use for 2015/16 season, according to CNBC Africa.

Ghana is the second-largest global supplier of cocoa, but it is missing its output target this year owing to adverse weather and poor agricultural practices. Production is down by 23% as compred to the previous year. Read the report.