Cocoa purchases by the Ghana Cocoa Board (COCOBOD) for the 2016/2017 crop season is to increase by 50,000 metric tonnes over the 850,000 metric tonnes purchased last year.
This increase, which brings the expected total purchases for this year to 900,000 metric tonnes, would be made possible with the approval by Parliament, on Wednesday, of a GH¢ 2 billion loan facility to be sourced from a consortium of financial institutions.
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