Netherlands allocates USD28m to improve Ghana cocoa industry

(MENAFN) The Netherlands has allocated nearly USD28.5 million for a project to help improve the competitiveness of the cocoa industry in Ghana, Xinhua reported. The Dutch Ambassador to Ghana said the program consists of a USD9.5 million grant from the government and an additional USD19 million from a private cocoa industry funding facility. "The program shows that public and private interests can go hand in hand to add value, without the government having to take on additional burden to increase export revenue, make production more sustainable and improve farmers' profit," the ambassador said.