https://en.sputniknews.africa/20241217/ghanas-mahama-plans-to-restructure-cocoa-sector-aiming-to-boost-efficiency--farmer-profits-1069752343.html
Ghana's Mahama Plans to Restructure Cocoa Sector, Aiming to Boost Efficiency & Farmer Profits
Ghana's Mahama Plans to Restructure Cocoa Sector, Aiming to Boost Efficiency & Farmer Profits
Sputnik Africa
A prolonged drought, coupled with the effects of climate change, has led to a significantly reduced cocoa bean crop in Ghana, the world's second-largest cocoa... 17.12.2024, Sputnik Africa
2024-12-17T09:40+0100
2024-12-17T09:40+0100
2024-12-17T13:19+0100
sub-saharan africa
ghana
economy
west africa
cocoa
john mahama
development
reforms
agriculture
chocolate
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Ghana's president-elect, John Dramani Mahama, promised to restructure the country's cocoa sector, aiming to boost efficiency and farmer profits. Mahama questioned the current system where the state-run Ghana Cocoa Board (COCOBOD) competes with farmers for profits, proposing a new model with a state enterprise acting as both regulator and quality controller to ensure direct payment to farmers.Elected on promises to address economic hardship and revive a cocoa sector devastated by climate change, disease, and illegal mining, Mahama plans a restructuring, potentially including private sector involvement, to tackle COCOBOD's ballooning administrative costs and inefficient spending.On Monday, the cocoa prices hit a record high of $11,822 per tonne, nearly tripling this year due to poor weather and disease threatening the global harvest.
https://en.sputniknews.africa/20241107/ghana-hopes-for-cocoa-production-rebound-in-202425-1069084570.html
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ghana, economy, west africa, cocoa, john mahama, development, reforms, agriculture, chocolate, production
ghana, economy, west africa, cocoa, john mahama, development, reforms, agriculture, chocolate, production
Ghana's Mahama Plans to Restructure Cocoa Sector, Aiming to Boost Efficiency & Farmer Profits
09:40 17.12.2024 (Updated: 13:19 17.12.2024) Ekaterina Shilova
Writer / Editor
A prolonged drought, coupled with the effects of climate change, has led to a significantly reduced cocoa bean crop in Ghana, the world's second-largest cocoa producer, for the 2023/24 season. In June, the West African country's cocoa production fell below 55% of its average seasonal output, reaching a more than two-decade low.
Ghana's president-elect,
John Dramani Mahama, promised to restructure the country's cocoa sector, aiming to boost efficiency and farmer profits.
Mahama questioned the current system where the state-run Ghana Cocoa Board (COCOBOD) competes with farmers for profits, proposing a new model with a state enterprise acting as both regulator and quality controller to ensure direct payment to farmers.
Elected on promises to
address economic hardship and revive a cocoa sector devastated by climate change, disease, and illegal mining, Mahama plans a restructuring, potentially including private sector involvement, to tackle COCOBOD's ballooning administrative costs and inefficient spending.
"We're willing to work with anybody if it'll make the cocoa sector more efficient and bring back our cocoa production to what it was before," Mahama said.
On Monday, the
cocoa prices hit a record high of $11,822 per tonne, nearly tripling this year due to poor weather and disease threatening the global harvest.
