Ghana’s Vice President Mahamudu Bawumia has expressed concerns about why cocoa farmers are living in poverty though crop usage has increased. The entire supply chain of the crop has made wealth with crop usage from food products to pharmaceuticals.
Dr. Bawumia made these remarks during a two-day stakeholder engagement which held in capital over farmer’s income. The engagement started a day ago between important stakeholders in Ghana and Cote d’ Ivoire. Both countries came in the category of major cocoa producing countries and produced 65% of the crop.
Dr. Bawumia cited Fairtrade 2017 figures and said that a farmer in Cote d’ Ivoire gets $0.93 per day while Ghanaian cocoa farmers earned $0.40-$0.45 daily. Cocoa farmers have to face many issues besides low incomes. Farmers lose interest in producing agricultural products when they didn’t receive the cost of higher output. This situation obviously makes the productivity of crop poor.
He said ironically that the initial “risk takers are also the helpless price takers”. Most of the farmers started cocoa farming at the age of 20 and keep it going well till their old age. They leave it without receiving any official pension or other benefits. He urged on the need to provide their fair share in wealth so they can cater the needs of their family well.
Read More: Ghana Business News
Copyright © 2019 Ghanalive.TV. All Rights Reserved.