Bloomberg News

Ghana Cocoa Board Builds 100,000-Ton Warehouse After Record Crop

July 05, 2011

July 5 (Bloomberg) -- Ghana, the world’s second-biggest cocoa producer, is building a warehouse to store 100,000 metric tons after the 2010-11 crop reached a record and the country ran short of facilities to keep the beans.

“We anticipated a bumper harvest this season, but we have been overwhelmed by the volumes,” said Noah Amenyah, spokesman for the Ghana Cocoa Board, which oversees the industry in the West African nation. The warehouse will be built in the western port city of Takoradi, he said by phone today.

Ghana produced 903,646 tons in the September-to-May main- crop harvest, the Accra-based board said May 30. As many as 80,000 tons may be produced during the 12-week light crop that started in June, Kwabena Asante-Poku, deputy chief executive officer of the board, said June 29.

The country will have a cocoa-storage capacity of 700,000 tons after the Takoradi facility is constructed, Amenyah said. It is also renovating other warehouses around the country, he said.

--Editors: Emily Bowers, Alastair Reed.

To contact reporter on this story: Ekow Dontoh in Accra at edontoh@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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