Ghana seeks $750 million loan to replace diseased cocoa trees

…Cocoa regulator to plant new trees over five to eight years. Measure to improve yields, won’t affect this season’s target.

READ ALSO: Boosting Nigeria’s cocoa yield through rehabilitation of old trees

Ghana’s cocoa regulator plans to raise $750 million in loans to finance the replacement of almost half of the trees that produce the crop in the country because they are either old or ridden with disease, Bloomberg reports.