GHANA CALLS FOR MEASURES TO REMEDY COLLAPSE IN WORLD COCOA PRICES

ACCRA– The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has called for measures to remedy the collapse in world cocoa prices which has seen the price dropping from 3,100 US dollars per tonne to the current 1,800 USD within a 10-month period.

Addressing a meeting on Sustainable Smallholder Agri-Businesses here Tuesday, he said the sharp drop in the price of the commodity in such a short time posed a great task not only to producers but also to consumers.

As producers struggle to survive the cutting effect of low incomes from the commodity, both producers and consumers stand to suffer the long-term damage if we fail to adopt measures today to remedy the situation, he stated in a speech read o his behalf.

Aidoo noted that, the current cocoa price challenge compounded the already existing problems of the cocoa swollen shoot virus disease at endemic levels, over-aged cocoa farms, pests and other diseases faced by Ghana’s cocoa sector.

He added that with the support of the government, COCOBOD had lined up some interventions to assist cocoa farmers to raise farm productivity as a strategic response to minimise the impact of the low cocoa prices on producer income.

Our primary focus remains on treating the deadly swollen shoot diseased farms and offer extension services based on good agricultural practices, to raise productivity and restore farmer confidence in sustaining production, he said.

The three-day meeting is being attended by more than 100 participants from Ghana, Nigeria, Togo, Cameroun and the Ivory Coast as well as the European Union.

Source: NAM NEWS NETWORK

   

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