The vice president of Ghana Dr. Muhamudu Bawumia Cautioned the cocoa board of Ghana to not import fertilizers. COCOBOD is now restricted to follow the order of Ghanian VP. It is reported to be implemented from the beginning of October 2019. Moreover, starting next year, all the fertilizer companies in Ghana will be responsible for supply fertilizers for cocoa. It is also considered as too good among Ghana business news.
Undoubtedly, by implementing this order the entire country will be totally independent regarding cocoa production. So it will remain the whole country’s dignity as a top producer of Ghana in the world.
Vice President also says that all the local companies in the country have to fulfill the demands of supply. He also reminded the government’s flagship program of one-district, one factory.
Now the two countries Ghana and Cote d’Ivoire confirmed with an agreement. Interestingly, there will be a floor price of cocoa in the world market. Therefore, the will be the differential payment to all the cocoa farmers. This act will be implemented for October 2020 to 2021 in the cocoa season.
This act had been decided to be implemented but there were so many discussions had to be done. Later it is now confirmed between Ghana and Cote d’Ivoire. In return, this act is so beneficial and will increase the wages for all the farmers. Moreover, it will improve the sources of farmers of their livelihoods.
Interestingly, the one more considerably appreciating step is going to be taken by the Ghana government. They are going to start a pension scheme for all the cocoa farmers after their retirement. So that after the service they will be able to get regular sources of income. In this way, he ensured that the National Pensions Regulatory Authority (NPRA) is working on the approval of this act.
This statement was given on the occasion of the 20th anniversary of the Olam Ghana Cocoa. It was held at the University of Professional Studies in Accra last Wednesday. At that moment Mr. vice president started an establishment project to boost education. There was the endowment of the fund in 10 communities. In this project, each community will receive GH 50,000,00. This is truly started for all the deserving and brilliant students in the nearer areas.
Amazingly, in the ceremony about 5000 cocoa farmers gathered including cocoa purchasing clerks, traditional leaders and key partners in the cocoa value chain. The main aim of this cocoa project is to support the conductive business in the country. As well as it is also beneficial for the entire private sector of the country.
Moreover, the vice president says in the speech that he is willing to hire a young generation in cocoa farming. On the other hand, aged people will be retired with funds and monthly pension. He believes that the new energy in the cocoa farming will boost the industry more and more.
Additionally, the government putting attention toward replanting or replacing the old cocoa trees. They are also focusing on the quality of cocoa beans. All steps will really boost up the economy of Ghana regarding cocoa exports. The whole speech of Vice President also on top at current news in Ghana.
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