By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FMStarr FMStarr FM
  • Home
  • Election Hub
  • General
    GeneralShow More
    Dorcas Affo-Toffey cuts sod for coconut processing factory in Jomoro
    October 27, 2026
    Labour Commission directs Labour Minister to engage JUSAG over planned strike on Nov. 2
    October 27, 2026
    A/R: EIB Network sweeps 3 GJA Excellence Awards
    October 26, 2026
    JUSAG notifies Labour Commission of intended indefinite strike on Nov. 2 over unpaid Salaries
    October 26, 2026
    We need proper legal framework and system to manage the housing levy effectively – GREDA
    October 26, 2026
  • Business
    BusinessShow More
    TOR inherited GH¢10bn in accumulated losses, US$517m debt – Managing Director
    October 26, 2026
    TOR targets 100,000-barrel daily capacity as Ghana eyes 70% local fuel supply
    October 26, 2026
    TOR records GH¢1.24bn profit in 2025 after decade of losses – Edmond Kombat
    October 26, 2026
    TOR helped shield Ghana from Iran conflict fuel disruptions – Kombat
    October 26, 2026
    TOR records 216% increase in product storage volumes between 2024 and 2026
    October 26, 2026
  • Politics
    PoliticsShow More
    NDC constituency elections: No credible evidence of vote-buying – Rashid Tanko Computer
    October 26, 2026
    Wontumi was the critical culprit In Tano Nimiri Investigations – Investigator tells Court
    October 26, 2026
    NDC braces for nationwide constituency polls as 15,000 aspirants vie for executive positions
    October 23, 2026
    NDC won’t shield suspended headmaster from sexual abuse probe – Kwetey
    October 23, 2026
    NDC Elections: Darlas Ampomah Williams cautions against aspirants with ‘vendetta’ agenda against MMDCEs
    October 23, 2026
  • Entertainment
    EntertainmentShow More
    Akwaaba UK unveils December in Ghana 2026 events lineup
    October 19, 2026
    MzVee, Sista Afia, Ugoccie and Sefa celebrate life on new single ‘Enjoyment’
    October 16, 2026
    ‘There is life after cancer’ – Stephanie Benson
    October 15, 2026
    Stephanie Benson calls for performance schools in Ghana
    October 15, 2026
    Working alone is scary, but my fans keep me going – Larruso
    October 14, 2026
  • Sports
    SportsShow More
    Mbappe brace drowns Barca in Clasico
    October 26, 2026
    GPL Roundup: Hearts win again as Ashgold hold Kotoko
    October 26, 2026
    UCL Match Day 3: PSG dominates Barca as Arsenal hold Bayern
    October 22, 2026
    GPL roundup: Medeama unbeaten run ends as Hearts and Kotoko get wins
    October 19, 2026
    Black Challenge fine-tune preparations for Mexico 2026 Amputee World Cup
    October 16, 2026
  • Technology
    TechnologyShow More
    Dorcas Affo-Toffey engages Ceris Technologies on port digitalisation, cybersecurity
    October 22, 2026
    BoG Governor urges IMF to boost Africa’s AI and digital capabilities
    October 14, 2026
    One Million Coders Programme to create 100,000 digital jobs – Sam George
    October 13, 2026
    Yellow Card named Diamond finalist at the 2026 Money Awards
    October 1, 2026
    Samsung Galaxy Watch: A Healthier Heart Starts at Your Wrist
    October 1, 2026
  • International
    InternationalShow More
    Mbappe brace drowns Barca in Clasico
    October 26, 2026
    Mahama meets UK Foreign Secretary Ed Miliband to strengthen Ghana-UK relations
    October 22, 2026
    UCL Match Day 3: PSG dominates Barca as Arsenal hold Bayern
    October 22, 2026
    President John Dramani Mahama advocates for clemency for 64 radio stations affected by NCA's regulatory shutdown, emphasising press freedom.
    ‘We are friends to all and enemies to none’ – Mahama courts global investors
    October 22, 2026
    Ghana pushes for IELTS exemption for students and professionals in UK
    October 22, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Ghana, Cote d’Ivoire committed to getting higher prices for Cocoa Farmers – Bawumia
Share
Notification Show More
Font ResizerAa
Starr FMStarr FM
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessEditors Pick

Ghana, Cote d’Ivoire committed to getting higher prices for Cocoa Farmers – Bawumia

Starrfm.com.gh
By Starrfm.com.gh
Published: June 12, 2019
Share
Dr Mahamudu Bawumia
SHARE

The Vice President of Ghana, Dr Mahamudu Bawumia, has underscored the Ghana Government’s commitment to improving the living standards of cocoa farmers by ensuring they receive greater benefits for their toil.

Speaking at the first ever Stakeholder Engagement on Farmer Income in Accra on Tuesday 11th June, 2019, Vice President urged stakeholders in the cocoa value chain, including Trade Houses, Cocoa Processors and Chocolate Manufacturers, to join the Governments of Ghana and Cote d’Ivoire to address the high income disparity between farmers and the end users of cocoa products.

With 65% of global production, Ghana and Cote d’Ivoire are co-operating to tackle common challenges in the production and marketing of cocoa, and to create a conducive platform for effective engagement with traders, processors, manufacturers, and retailers on all relevant issues of mutual interest, including farmers’ income.

Alluding to the poor return farmers receive for the backbreaking effort they put into growing the golden bean, Vice President Bawumia expressed worry about the fact that the majority of farmers are unable to cater adequately for their family, beyond mere poverty existence, describing the situation as “unconscionable.”

“It is startling to learn from the President of the World Cocoa Foundation that only 6 percent of total value of chocolate goes to farmers. The percentage may be lower in the case of cosmetics and pharmaceutical end uses” Vice President Bawumia stated.

“It is to this end that our governments (Ghana and Cote d’Ivoire) have agreed that we offer the farmer a fair share of the wealth that the industry generates. We must do this for good reason.”

Vice President Bawumia noted that the social and economic status of the average cocoa farmer in Ghana and Cote d’Ivoire is not attractive to the next generation of cocoa farmers, putting the industry at substantial risk to the national economy both in its contribution to employment and to GDP.

Explaining that the cocoa supply chain runs from landowners/farmers and farm hands to cocoa buying agents, transporters, processors or grinders to manufacturers Vice President Bawumia questioned whether the wealth generated along the value chain is distributed fairly along the supply chain, indicating that evidence suggests that may not be the case.

“Poverty levels among cocoa farmers who are at the root of both the supply and value chain continue to raise concerns. The irony here is that the primary risk takers are also the helpless price takers.”

The Government of Ghana, Vice President Bawumia maintained, has been supporting the Ghana Cocoa Board to implement various interventions to enable the farmers to improve farm productivity, preserve the ecosystem, and discourage unethical labour practices. However, without a favourable price, the effects of these efforts will not be enough to change the situation of the farmer.

“Ladies and gentlemen, a satisfactory price of cocoa beans will go a long way to complement the government’s investments in rural infrastructure and improve the wellbeing of the communities.

“At this meeting in Accra today, we request your commitment to help tackle calls to guarantee a living income for farmers beyond mere poverty level. We need to develop an agenda and a roadmap to tackling this challenge.

“We are hopeful of achieving consensus with you on this subject. The Governments of Ghana and Cote d’Ivoire are united to achieve better living standards for cocoa producers and instil efficiency in our domestic supply chains,” the Vice President pledged.

Source: Ghana/Starrfm.com.gh/103.5FM

BoG building: Asiama assures Parliament of value for money audit
Ghana, Nigeria most attractive bond markets – Research
GN Bank, Gold Coast will open for business Monday
17 Banks ‘rigged’ South Africa’s currency
Namibia denies entry to gay couple’s surrogate daughters
TAGGED:Bawumiacocoa
Share This Article
Facebook Email Print
Share
Previous Article HR Today: Critical questions for new employees
Next Article SOS children’s villages Ghana launches 45th anniversary celebrations

Starr 103.5FM

Starr FMStarr FM
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!
Subscribe to our newsletter and never miss our latest in news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?