Ghana Cocoa Board to Cut Pesticide Subsidies as Income Falls
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Ghana, the world’s second-biggest cocoa producer, plans to halve the use of subsidized pesticides next season to cut costs after a drop in prices for the chocolate ingredient, the industry regulator said.
“We cannot maintain the schedule of free spraying with the dwindling fortunes of cocoa,” Noah Amenyah, a spokesman for the regulator, known as Cocobod, said yesterday in a phone interview from the capital, Accra. “We have to reduce these activities to meet our current low revenue.”