Ghana - Cocoa Sector Institutional Support Project (COSISP)

The proposed operation concerns an ADF loan in the amount of UA 5,000,000 to the Republic of Ghana to finance the Cocoa Sector Institutional Support Project (COSISP). COSISP is an institutional support project to improve the performance of the Ghana Cocoa Board, COCOBOD. This project is designed to support reforms and build institutional capacity which will strengthen the resilience of the cocoa sector and improve farmers’ incomes. It aims to promote reforms and build capacity, including coordination with Côte d’Ivoire. The project is part of package of financial and technical support to the two countries by the AfDB and the World Bank. The different activities will contribute to an enabling cocoa sector environment through increased transparency and effectiveness in COCOBOD operations, which will promote higher productivity and prices for farmers. The project will also improve harmonization of policies between Côte d’Ivoire and Ghana, which will support productivity enhancement through collaboration on research, disease control, the prevention of smuggling, and better management of production and stocks, which may influence global cocoa prices.