• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 7, 2025
  • 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

NPP MP Makes Case for Extension of Cocoa Pension Scheme to All Farmers

Stephen M.Cby Stephen M.C
February 16, 2023
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Pension
0
NPP MP Makes Case for Extension of Cocoa Pension Scheme to All Farmers

Dr Isaac Yaw Opoku, Member of Parliament (MP) for Offinso South in the Ashanti Region, has mounted a spirited defence for the extension of the cocoa pension scheme to all farmers.

According to the New Patriotic Party (NPP) legislator, the extension of the Cocoa Farmers’ Pension Scheme to cover all farmers in cocoa-growing regions across the country will motivate them to stick to cocoa farming.

Dr Opoku noted that extending the scheme, which was piloted in the Western North and the Ashanti regions, would encourage farmers to stop ceding their cocoa farms to other competing land uses, particularly illegal mining and rubber cultivation. “This will also help our cherished cocoa farmers to enjoy decent and sustainable pensions when they retire from active cocoa farming,” he said.

RelatedPosts

Private Sector Pension Contributors Hit 1.06 Million, But Job Openings Take a 15.7% Dive

Pension Assets Skyrocket to GH₵51.96bn, Driving Market Dominance

SSNIT’s Asset Value Jumps 46% as Government Clears Debt and Investment Returns Soar

Dr Opoku averred that the government must not lose sight of the factors which militated against cocoa production in Ghana. He disclosed that in the 2020/2021 cocoa season, production in Ghana stood at 1,045,500 metric tonnes, the highest production ever in Ghana’s history.

Surprisingly however, the Offinso MP said one year on, production dropped to 683,268.9 metric tonnes in the 2021/2022 season, representing a 34.6 per cent decline. This, he said, was the lowest production in the country since the 2009/2010 season.

“Although several factors may account for the sharp decline, principal among them is the effect of illegal mining, popularly referred to as ‘galamsey’. If the rate of destruction of cocoa farms as a result of galamsey activities is allowed to continue, in no time, our enviable position as the second largest producer of quality premium cocoa in the world will be lost and there will be very little to celebrate in the future.”

Dr Isaac Yaw Opoku

Availability Of Adequate Quality Cocoa Beans

The MP asserted that to ensure the availability of adequate quality cocoa beans for local processing and export, farmers must be encouraged to adopt the productivity enhancement programmes introduced by the Ghana Cocoa Board in 2017. He also emphasised the need for soil moisture stress in cocoa farms as a result of climate change to also be addressed.

“Ghana Cocoa Board must endeavour to extend the pilot irrigation programme started in 2017 to cover many more medium and large-scale farmers. The Cocoa Research Institute of Ghana must also intensify ongoing research in the development of drought-resistant or tolerant cocoa varieties that suit the marginal cocoa growing areas of Ghana.”

Dr Isaac Yaw Opoku

Dr Opoku noted that for Ghana to make gains in its cocoa crop, efforts must be made to support the sustainable production of cocoa and local processing of cocoa beans. “Let us patronise made-in-Ghana chocolate and cocoa products and let us say no to the destruction of cocoa farms for galamsey activities and the pollution of our water bodies which serve as sources of water for irrigation of our cocoa farms,” he said.

Meanwhile, Ghana Cocoa Board (COCOBOD) has recently announced the nationwide enrolment of cocoa farmers in the Cocoa Farmer Pension Scheme which was scheduled to begin in October.

COCOBOD indicated that it is working hard towards the realisation of the full potential of the Living Income Differential (LID) to help roll out the scheme despite the actions of buyers to evade the pricing mechanism.

READ ALSO: NDC To Elect Presidential Candidate on May 13. Cost of Forms Adjusted To GH¢50,000

Please login to join discussion
Previous Post

MTN To Invest $1 Billion In Ghana Over The Next 5 Years

Next Post

DDEP And Menzgold Are Synonymous- Jinapor To Finance Minister

[mc4wp_form id="1264"]

Related Posts

Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn
Banking

Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn

October 7, 2025
Bernard Antwi Boasiako, popularly known as Chairman Wontumi
General News

Wontumi Faces Fresh Seven Criminal Charges Over Alleged Illegal Mining

October 7, 2025
Trott Calls For Zero Tolerance Approach To Knife Crime In Schools
UK

Trott Calls For Zero Tolerance Approach To Knife Crime In Schools

October 7, 2025
French Influencer Jailed for Six Months After Viral Syringe Prank
Oddities

French Influencer Jailed for Six Months After Viral Syringe Prank

October 7, 2025
Prof. Gordon Urges Natural Recovery Over Chemical River Cleanup in Galamsey Pollution
General News

Prof. Gordon Urges Natural Recovery Over Chemical River Cleanup in Galamsey Pollution

October 7, 2025
President John Dramani Mahama
General News

Take Decisive Action to End Galamsey and Win Public Support – Mahama Charged

October 7, 2025
Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn
Banking

Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn

by Stephen M.COctober 7, 2025
Bernard Antwi Boasiako, popularly known as Chairman Wontumi
General News

Wontumi Faces Fresh Seven Criminal Charges Over Alleged Illegal Mining

by Evans Junior OwuOctober 7, 2025
Trott Calls For Zero Tolerance Approach To Knife Crime In Schools
UK

Trott Calls For Zero Tolerance Approach To Knife Crime In Schools

by Comfort AmpomaaOctober 7, 2025
French Influencer Jailed for Six Months After Viral Syringe Prank
Oddities

French Influencer Jailed for Six Months After Viral Syringe Prank

by Esther Korantemaa OffeiOctober 7, 2025
Prof. Gordon Urges Natural Recovery Over Chemical River Cleanup in Galamsey Pollution
General News

Prof. Gordon Urges Natural Recovery Over Chemical River Cleanup in Galamsey Pollution

by Silas Kafui AssemOctober 7, 2025
President John Dramani Mahama
General News

Take Decisive Action to End Galamsey and Win Public Support – Mahama Charged

by Evans Junior OwuOctober 7, 2025
Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn
Bernard Antwi Boasiako, popularly known as Chairman Wontumi
Trott Calls For Zero Tolerance Approach To Knife Crime In Schools
French Influencer Jailed for Six Months After Viral Syringe Prank
Prof. Gordon Urges Natural Recovery Over Chemical River Cleanup in Galamsey Pollution
President John Dramani Mahama
[/vc_row_inner]

Recent News

  • Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn
  • Wontumi Faces Fresh Seven Criminal Charges Over Alleged Illegal Mining
  • Trott Calls For Zero Tolerance Approach To Knife Crime In Schools
  • French Influencer Jailed for Six Months After Viral Syringe Prank
  • Prof. Gordon Urges Natural Recovery Over Chemical River Cleanup in Galamsey Pollution
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.