President Nana Addo Dankwa Akufo-Addo has reiterated his government’s commitment to improving the country’s agriculture, especially the cocoa sub-sector, through the mass spraying exercise and provision of subsidized fertilizers to farmers.
According to the president, Ghana will soon regain her pride of place in the cocoa industry with deliberate policies and measures aimed at boosting production.
Speaking at a grand durbar to celebrate Cocoa Day in Kumasi yesterday, President Akufo-Addo indicated that as part of the policy to increase production, the government of Ghana had taken away the oversight responsibility of the cocoa industry from the Ministry of Finance.
The theme of the ceremony, “70 Years on: Mobilizing for a Sustainable Cocoa Economy,” with the Asantehene, Otumfuo Osei Tutu II, being named as Cocoa Consumption Ambassador.
President Akufo-Addo revealed that the Ministry of Food and Agriculture (MoFA) has now been made responsible for all matters relating to the cocoa industry for effective formulation of relevant policies required to increase agriculture and cocoa production.
President Akufo-Addo disclosed one of the greatest threats in the cocoa industry in our country is not disease or death; price instability on the international cocoa market represents, perhaps, the biggest threat to our cocoa. The prices of cocoa are forecast to remain low till the year 2020.
He stated that the fortunes of Ghana’s cocoa farmers unluckily have become tied to the unstable cocoa beans market.
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