• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, May 29, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Agribusiness

Agric Minister Vows to Continue Fighting for Good Pricing of Ghana’s Cocoa Beans

Maynard Championby Maynard Champion
June 7, 2023
Reading Time: 3 mins read
Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices

Bryan Acheampong, the Minister for Food and Agriculture, has stated that his ministry will continue to fight for good pricing of Ghana’s cocoa beans to improve the livelihood of the cocoa farmers in the country.

According to the Minister, the country will collaborate with neighbouring country Cote d’Ivoire to collectively protect the interest of cocoa farmers.

Bryan Acheampong disclosed that the two countries in 2019, pushed for a $400 living income differential solely for cocoa farmers.

“Countries have their cocoa pricing mechanisms. However there are underlying factors that affect us all. That is why we are meeting as leading producers of cocoa in the world to influence the pricing mechanisms for our farmers.”

Bryan Acheampong

Bryan Acheampong, however, noted that Ghana and Cote d’Ivoire have their differences in setting prices for cocoa farmers. That notwithstanding, he observed that there are some basic demands that can me be made to push for better income for farmers. “The important issues that must be addressed will need the efforts of the two countries since we command the production of cocoa in the world”, Mr. Acheampong said.

ADVERTISEMENT

On his part, the Chief Executive of COCOBOD, Joseph Boahen Aidoo said the two countries are also working together to check smuggling at the borders. He stressed that security operatives have been stationed at the borders to deter smugglers from transporting cocoa beans to Cote d’Ivoire.

“The issue about the smuggling involves just a few people who want to cross the border with cocoa beans to sell at our neighboring countries. But I can assure you that COCOBOD is working with the security to stop it.”

Joseph Boahen Aidoo

National Cocoa Management Bodies of the Two Countries

Meanwhile, in a joint statement, the national cocoa management bodies of the two countries, as well as the Ivory Coast-Ghana Cocoa Initiative (CIGCI), created to guarantee a minimum income to farmers, noted the efforts made by some companies and their willingness to find solutions together for a sustainable production of cocoa that places producers at the heart of this strategy.

They encourage all manufacturers to take action and show that they sincerely believe in sustainable cocoa production.

For several weeks, Côte d’Ivoire and Ghana reproached the chocolate manufacturers for not paying the decent income differential (DRD), a premium of 400 dollars (390 euros) per ton, introduced in 2019 to ensure a decent income for farmers.

Last year, they had given the industry ultimatum to meet their commitments, threatening to ban access to plantations to make crop forecasts and suspend sustainability programs.

These programs, aimed at fighting deforestation and child labor, allow manufacturers to claim that their chocolate is sustainably produced, a criterion often favored by consumers.

However, the producer countries announced to continue discussions and the establishment of “a working group of experts” who will provide recommendations by the end of the first quarter of 2023 to find sustainable solutions.

Ivory Coast’s cocoa, which accounts for 45% of global production, accounts for 14% of the country’s GDP and feeds 24% of the population of this country of about 27 million people.

Côte d’Ivoire is also considered a major regional destination for child trafficking from neighboring countries to work on its crops.

ADVERTISEMENT

Many farm families still face persistent poverty on less than a dollar a day, a situation that is one of the factors contributing to child labor on cocoa farms.

But according to Matthias Lange, executive director of the International Cocoa Initiative (ICI), a Swiss foundation created by the chocolate industry to fight child labor, “a lot of progress has been made.”

Mr. Lange praised the establishment of the Child Labor Monitoring and Remediation System (CLMS), “a mechanism that has reduced child labor by 35% in three years and has helped remove several tens of thousands of children from the plantations,” he said.

READ ALSO: Africa Has Technology and Innovation to Achieve Zero Hunger– Dr Adesina

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

The Ekiti, Nigeria Boy That Generates Electricity From Stone

Next Post

Deputy Lands Minister Joins Rotary Club To Launch Tree Initiative

Related Posts

Dr. Andy Osei Okrah, TCDA CEO
Agribusiness

New Ghana-Russia MoU to Capture Value in $5.5 Billion Global Shea Market

May 29, 2026
Leadership Delegation from Sea Women’s Hub
Agribusiness

Sea Women’s Hub Courts MoFAD to Break Industry’s Gender Barriers

May 29, 2026
Hon. Emelia Arthur, Minister for Fisheries and Aquaculture Development, with Dr. Riverson Oppong, COMC CEO, and Team
Agribusiness

Fisheries Enforcement Unit Deployed to Stop Subsidized Fuel Hoarding

May 29, 2026
Hon. Emelia Arthur, Minister for Fisheries and Aquaculture Development
Agribusiness

MoFAD, GFRA Move to Institutionalize Support for Women in Declining Fisheries Sector

May 29, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Dr. Andy Osei Okrah, TCDA CEO

New Ghana-Russia MoU to Capture Value in $5.5 Billion Global Shea Market

May 29, 2026
First Deputy Speaker, Hon. Bernard Ahiafor

Parliament Passes Controversial Human Sexual Rights and Human Values Bill

May 29, 2026
Players of Medeama SC and the staff of AngloGold Ashanti Iduapriem Mine take a picture with the GPL trophy

Medeama Present GPL Trophy to Headline Sponsors AngloGold Ashanti

May 29, 2026
Haruna Iddrisu, Ghana's Minister for Education

New Batch of Recruited Teachers to Begin Work in July – Education Minister

May 29, 2026
Leadership Delegation from Sea Women’s Hub

Sea Women’s Hub Courts MoFAD to Break Industry’s Gender Barriers

May 29, 2026
Next Post
Deputy Minister for Lands and Natural Resources responsible for Lands and Forestry,  Benito Owusu-Bio and rotary club members.

Deputy Lands Minister Joins Rotary Club To Launch Tree Initiative

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address