• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 10, 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

Higher Prices necessary for Cocoa sustainability

thevaultzby thevaultz
March 12, 2021
Reading Time: 4 mins read
thevaultzby thevaultz
in Agribusiness
0
Higher Prices necessary for Cocoa sustainability

Michel Arrion, the Executive Director of the International Cocoa Organization (ICCO), at his office in Abidjan, Ivory Coast.

The Executive Director of the International Cocoa Organization (ICCO), Michel Arrion, has said an increase in international prices of cocoa beans and their related products will ensure the sustainability of the industry.

“Prices and sustainability are two sides of the same coin. Let us focus on a bigger cake rather than a bigger share of the cake.”

Michel Arrion, Executive Director of ICCO

 He, therefore, called on stakeholders to put together their energies to ensure a proper demand and supply chain of cocoa goods across the globe.

According to him, the global increase in cocoa prices should, however, reflect the true price of local cocoa production.

RelatedPosts

106 Young Agripreneurs Receive $236,460 Boost Under HAPPY Programme to Drive Ghana’s Agricultural Growth

Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices

Government to Deploy 5,000 Agriculture Graduates Nationwide

Also, he said, to effectively manage demand and supply, one needed to know the preferential market zones for cocoa. Unpurchased cocoa beans should be channeled to other areas of production such as cosmetics, he added.

Mr Arrion made these remarks on Thursday during a virtual meeting dubbed: “Sustainable Cocoa Dialogue – Ghana.”

Ghana’s Cocoa Sustainability Challenge

Mr Joseph Aidoo, Chief Executive, COCOBOD, indicated that the challenge of cocoa sustainability in Ghana is not caused by farmers but traders.

He said most cocoa trading houses refuses to purchase cocoa from Ghana or Cote D’lvoire to avoid paying the cocoa Living Income Differential (LID) premium aimed at combating farmer poverty.

However, he said Government has increased cocoa producer price by 28 percent to enhance the revenue or income of farmers.

Mr Obed Owusu-Addai, the Managing Campaigner of EcoCare Ghana, said the history of the cocoa industry reflects that governments benefits more from cocoa production to the detriment of farmers themselves.

He said there had been unfair pricing of cocoa beans leading to the inability of farmers to fend for themselves and their family.

Mr Owusu-Addai said the problems of child labour and deforestation associated with cocoa production are only a physical symptom of the financial hardships of farmers.

“If farmers get more income, they will hire more labour and not allow their children to perform those tedious tasks. Also, they will adopt proper and more advanced ways of farming to prevent deforestation.”

He said an increase in global cocoa prices should be accompanied by the enactment of good laws and ensure their enforcement.

“There has mostly been a conflict of policies and laws. For example, the issue of land and tenure makes it difficult for farmers to nurture trees on their land. Also, there is no policy framework to allow access to information. ”

Mr. Owusu-Addai, the Managing Campaigner of EcoCare Ghana.
Farmer Speaks on Child Labour

Mr Kwadwo Solomon Kusi, 2020 National Best Farmer, Ghana, said farmers do not intentionally practice child labour. Due to the dire circumstances they find themselves in, they have no choice, he explained.

“We do not hate our children to put them through harsh conditions. We equally love our children and want them to become very important personalities in future. However, the system in the country leaves us with no choice. But now, due to the Government’s policies on education, our children have a better chance of easily attaining education to a higher level. We want them to be well educated so that they take over our farming businesses in future.”

Mr Kwadwo Solomon Kusi, 2020 National Best Farmer.

He said the National Best Farmers Association was putting together a task force to prevent child labour in farming communities. Also, he called on stakeholders to assist them in the area of irrigation and mechanized forms of farming. This will farmers to escape the effects of climate change. He said good road networks would also enable vehicles and tricycles have easy access to farms to carry cocoa beans. Thereby, relieving their children of that task.

About the Virtual Event.

The event was held to locally mirror the broader “European Union (EU) Multi-stakeholder Dialogue for Sustainable Cocoa” which was launched in September 2020 in Brussels, with stakeholders from Côte d’Ivoire, Ghana and Europe.

The dialogue further aimed at fostering progress in eliminating child labour, enhancing the protection and restoration of the forests. Ultimately, to ensure a living income for cocoa farmers in West Africa.

It had representatives from the Ghana Cocoa Board (COCOBOD), EU and its Member States, and other development partners.

Tags: Cocoa SustainabilityCOCOBODEcoCare GhanaInternational Cocoa OrganizationSustainable Cocoa DialogueSustainable Cocoa System
Please login to join discussion
Previous Post

LYDIA FORSON CAMPAIGNS AGAINST DOMESTIC VIOLENCE

Next Post

If you prefer plenty of power in a vibrating dildo

[mc4wp_form id="1264"]

Related Posts

Western Region Launches Investment Centre to Drive Local Prosperity
General News

Western Region Launches Investment Centre to Drive Local Prosperity

October 10, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Ghana Must Back Mining Reforms with Real Investment – Ing. Gomashie 

October 10, 2025
Kwaw Kese Advises Aspiring Musicians
Entertainment

Kwaw Kese Questions Credibility of Music Awards

October 10, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump Raises Prospect Of Another Trade War With China

October 10, 2025
Dennis Miracles Aboagye
General News

NHIS System Disruption Exposes NDC’s Incompetence – Bawumia’s Spokesperson Blasts Govt

October 10, 2025
Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister
General News

Kennedy Agyapong’s Number One Ballot Spot Sparks Confidence in Campaign

October 10, 2025
Western Region Launches Investment Centre to Drive Local Prosperity
General News

Western Region Launches Investment Centre to Drive Local Prosperity

by Silas Kafui AssemOctober 10, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Ghana Must Back Mining Reforms with Real Investment – Ing. Gomashie 

by Prince AgyapongOctober 10, 2025
Kwaw Kese Advises Aspiring Musicians
Entertainment

Kwaw Kese Questions Credibility of Music Awards

by Esther Korantemaa OffeiOctober 10, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump Raises Prospect Of Another Trade War With China

by Comfort AmpomaaOctober 10, 2025
Dennis Miracles Aboagye
General News

NHIS System Disruption Exposes NDC’s Incompetence – Bawumia’s Spokesperson Blasts Govt

by Evans Junior OwuOctober 10, 2025
Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister
General News

Kennedy Agyapong’s Number One Ballot Spot Sparks Confidence in Campaign

by Silas Kafui AssemOctober 10, 2025
Western Region Launches Investment Centre to Drive Local Prosperity
Mining consultant Ing. Wisdom Edem Gomashie
Kwaw Kese Advises Aspiring Musicians
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
Dennis Miracles Aboagye
Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister
[/vc_row_inner]

Recent News

  • Western Region Launches Investment Centre to Drive Local Prosperity
  • Ghana Must Back Mining Reforms with Real Investment – Ing. Gomashie 
  • Kwaw Kese Questions Credibility of Music Awards
  • Trump Raises Prospect Of Another Trade War With China
  • NHIS System Disruption Exposes NDC’s Incompetence – Bawumia’s Spokesperson Blasts Govt
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.