• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, June 1, 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
Home Economics Finance Pension

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

February 18, 2023
in Pension
Reading Time: 3 mins read
0

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

GAB CEO Calls for Rethink in Pension Investment Strategy

African Centre for Retirement Research Calls on SSNIT Leadership to Cut Costs and Improve Pension Management

SSNIT Effects 12% Pension Increment; GH₵510 Million Disbursed for January 2025

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

Share1Tweet1ShareSendSend
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

Related Posts

GAB CEO Calls for Rethink in Pension Investment Strategy

GAB CEO Calls for Rethink in Pension Investment Strategy

by Stephen M.C
April 30, 2025
0

The Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah, has urged pension fund managers in Ghana to adopt a more strategic and diversified investment approach. Mr. Awuah advocated a shift away from...

African Centre for Retirement Research Calls on SSNIT Leadership to Cut Costs and Improve Pension Management

African Centre for Retirement Research Calls on SSNIT Leadership to Cut Costs and Improve Pension Management

by Stephen M.C
February 13, 2025
0

The African Centre for Retirement Research has urged the newly appointed leadership of the Social Security and National Insurance Trust (SSNIT) to adopt cost-cutting measures and enhance pension management to ensure greater benefits for retirees. The...

SSNIT Effects 12% Pension Increment; GH₵510 Million Disbursed for January 2025

SSNIT Effects 12% Pension Increment; GH₵510 Million Disbursed for January 2025

by Stephen M.C
January 17, 2025
0

The Social Security and National Insurance Trust (SSNIT) has reaffirmed its commitment to Ghanaian retirees by disbursing GH₵510.21 million in pensions for January 2025. This payout, made on January 16, 2025, benefited 253,601 pensioners, marking a...

SSNIT Announces 12% Pension Increase for 2025

SSNIT Announces 12% Pension Increase for 2025

by Stephen M.C
January 6, 2025
0

In a move to support pensioners amidst rising living costs, the Social Security and National Insurance Trust (SSNIT) has announced a 12% increase in monthly pension payments for the year 2025. This decision, approved in consultation...

SSNIT Honours Outstanding Self-Employed Contributors at 2024 Festival of Nine Lessons and Carols

SSNIT Honours Outstanding Self-Employed Contributors at 2024 Festival of Nine Lessons and Carols

by Stephen M.C
December 27, 2024
0

The Social Security and National Insurance Trust (SSNIT) has celebrated nine self-employed individuals for their exceptional contributions to Ghana's social security scheme. The awards were presented during the 2024 SSNIT Festival of Nine Lessons and Carols,...

Please login to join discussion

Recent News

  • Mahama Reaffirms Commitment to Ahafo Region, Outlines Bold Development Agenda
  • Hamas Responds To US Ceasefire Proposal
  • Chief Justice’s Conduct Under Fire Amid Petition
  • Ministry of Health Leads 2025 No Tobacco Day Campaign
  • GuiltyBeatz on Humble Beginnings in Music Production
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.