Rédaction Africa Links 24 with Emmanuel Tornyi
Published on 2024-04-19 06:23:00
President Nana Addo of Ghana recently emphasized the achievements of his government in the cocoa industry, particularly highlighting the implementation of the highest cocoa producer price in the history of the nation. This achievement signifies a significant milestone in the cocoa sector, reflecting the government’s commitment to supporting local farmers and the industry as a whole.
In his address, President Nana Addo also stressed the essential collaboration between Ghana and Cote d’Ivoire to address the various challenges facing the cocoa sector. The partnership between these two nations plays a crucial role in ensuring the sustainability and growth of the cocoa industry, which is a vital component of both countries’ economies.
Despite the current peak in market prices, President Nana Addo acknowledged that new challenges have emerged, necessitating a reassessment of research approaches to maintain and sustain these high prices. The evolving market dynamics require innovative strategies and solutions to navigate through these challenges and ensure the long-term success of the cocoa industry in both Ghana and Cote d’Ivoire.
The President further highlighted the importance of the organization for the two nations, emphasizing the need for new strategies to adapt to the changing market landscape. This organization serves as a platform for collaboration, knowledge-sharing, and strategic planning to address the challenges and opportunities within the cocoa sector.
During a dialogue in Accra in 2019, Ghana and Cote d’Ivoire agreed on the adoption of a living income differential for cocoa producers in the two countries. This initiative involves an additional payment of $400 per ton on the world market price for every cocoa sold by the two nations, effective from the 2020/2021 season. This decision reflects the commitment of both countries to improving the livelihoods of cocoa farmers and ensuring their fair compensation for their hard work.
President Nana Addo expressed his optimism about the future of the international cocoa market, citing the positive outcomes of the initiatives taken by Ghana and Cote d’Ivoire. What was once considered impossible just two years ago is now becoming a reality, showcasing the effectiveness of collaborative efforts and strategic planning in the cocoa industry.
In conclusion, President Nana Addo’s address highlighted the progress, challenges, and opportunities within the cocoa sector in Ghana and Cote d’Ivoire. By focusing on collaboration, innovation, and sustainable practices, both countries aim to secure a prosperous future for the cocoa industry and ensure the well-being of cocoa farmers and stakeholders in the supply chain.
Read Original article on Pulse News
