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              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

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              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

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              Kampala Road Works: Kigenyi urges safety, order

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              Kenya secures EBRD African hub

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              Nigeria, Rwanda sign double taxation treaty

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              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

                • DIGITAL ECONOMY
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                  Tanzania signs deal with Cuban firm to enlarge TBPL

                  Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                  Namibia: President Nandi-Ndaitwah unveils new cabinet

                  Kenya: Ministry of Health outlines SHA compliance measures

                  Kenya: Ministry of Health outlines SHA compliance measures

                  South Africa: Durban Port to expand vehicle terminal

                  South Africa: Durban Port to expand vehicle terminal

                  Botswana, Türkiye aim for stronger ties

                  Botswana, Türkiye aim for stronger ties

                  Nigeria to host 2025 Afreximbank annual meetings

                  Nigeria to host 2025 Afreximbank annual meetings

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

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                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

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                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

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                    Ghana’s registra department: driving digitization for effecient services

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                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

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                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

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                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

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                      Ghana: Agric minister preaches vigilance in cocoa framework with Cote d’Ivoire

                      Public Sector Global by Public Sector Global
                      June 5, 2023
                      in NEWS
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                      Ghana: Agric minister preaches vigilance in cocoa framework with Cote d’Ivoire

                      Agric minister preaches vigilance in cocoa framework with Cote d’Ivoire

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                      The Food and Agriculture Minister, Bryan Achaempong, has emphasised the importance of vigilance among stakeholders involved in the Ghana-Cote d’Ivoire cocoa cooperation framework – urging them to safeguard the cooperation against the influence of external actors who may attempt to undermine the joint effort for their personal benefit.

                      As part of efforts to promote and enhance the welfare of cocoa farmers and overall sustainability for the cocoa industry, the Ghana Cocoa Board (COCOBOD) and Le Conseil du Café-Cacao (CCC) of Cote d’Ivoire in collaboration with their respective governments established a strategic partnership with mutual goals and outcomes.

                      “While much progress has been made through our joint effort, some challenges yet persist; particularly in managing country differentials and effectively mitigating the influence of external factors. We must remain vigilant and use all channels to protect our cooperation from the interests of certain multinationals and foreign governments that seek to exploit our joint efforts for their gain,” the minister said during a recent meeting of top officials from both countries in Accra.

                      READ ALSO: National Petroleum Authority to prosecute Criminal Acts under NPA Act 2005

                      “By doing so, we can maximise benefits and ensure the long-term success of this cooperation,” he added.

                      Despite the countries being the top-two producers of cocoa – accounting for approximately 60 percent of global supply – they continue to lag in receipts from the market: which were valued at US$14.5billion in 2022 on account of factors such as smuggling and minimal value addition.

                      The joint initiative, known as the Cote d’Ivoire-Ghana Cocoa Initiative, CIGCI, has made significant progress toward achieving several objectives: including improving cocoa farmers’ livelihoods through remunerative prices; addressing marketing challenges; enhancing farmer incomes; combatting smuggling; and boosting processing and domestic consumption.

                      “The cooperation between Ghana and Cote d’Ivoire holds tremendous potential for improving the economic benefits derived from cocoa production in our countries. Through our joint action, we have laid the foundation for a better future to achieve higher international cocoa prices and secure the well-being of our cocoa farmers. While challenges persist, we remain committed to finding solutions,” the agric minister said

                      The minister also noted that the CIGCI’s immediate focus should be to realise a fully-operational secretariat, which will play a crucial role in consolidating the gains attained through the Living Income differential, monitoring compliance, and advancing both countries’ position on the international stage.

                      While the Ghana-Cote d’Ivoire cocoa cooperation has made significant strides in addressing challenges of the international cocoa market, the minister acknowledged that some challenges persist – particularly in managing country differentials and effectively mitigating the influence of external factors.

                      “Our country-centric approaches to tackling this challenge proved ineffective at wielding the necessary influence within the global cocoa fraternity, thereby failing to secure income for our farmers,” he said. “There was therefore need for a different approach; one wherein we join forces and embark on a joint action to seek common solutions to enhance the welfare of cocoa farmers and overall sustainability of our cocoa industries.”

                      The minister explained that synergising efforts to address challenges of the global cocoa market requires an integrated approach that fosters trust and transparency between stakeholders. He stressed the importance of maintaining a steadfast commitment to the CIGCI’s objectives, which include harmonisation of production and marketing policies; sharing scientific and technical knowledge for mutual benefit, and encouraging domestic and regional consumption and utilisation of cocoa.

                      Source: Business and Finance Times

                      Tags: Bryan AchaempongCocoa in Ghana
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