• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, May 24, 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

February 16, 2023
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

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

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

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Russia, Ukraine Exchange More Prisoners
Europe

Russia, Ukraine Exchange More Prisoners

May 24, 2025
Judicial independence to be rethought
General News

Judicial Independence: Ekow Vincent’s Dissent on Chief Justice Challenged

May 24, 2025
Labour Faces Major Revolt Over Welfare Cuts
UK

Labour Faces Major Revolt Over Welfare Cuts

May 24, 2025
Gyakie Reflects on Regrets in the Music Industry
Entertainment

Gyakie Reflects on Regrets in the Music Industry

May 24, 2025
Dr. Agnes Naa Momo Lartey, Politics, Lartey
General News

How Fishmongers and Faith Launched Gender Minister’s Political Career

May 24, 2025
Transport Fares Reduces by 15% Amid Fuel Price Drop 
Extractives/Energy

Transport Fares Reduces by 15% Amid Fuel Price Drop 

May 24, 2025
Russia, Ukraine Exchange More Prisoners
Europe

Russia, Ukraine Exchange More Prisoners

by Comfort AmpomaaMay 24, 2025
Judicial independence to be rethought
General News

Judicial Independence: Ekow Vincent’s Dissent on Chief Justice Challenged

by Lilian AhedorMay 24, 2025
Labour Faces Major Revolt Over Welfare Cuts
UK

Labour Faces Major Revolt Over Welfare Cuts

by Lawrence AnkutseMay 24, 2025
Gyakie Reflects on Regrets in the Music Industry
Entertainment

Gyakie Reflects on Regrets in the Music Industry

by Esther Korantemaa OffeiMay 24, 2025
Dr. Agnes Naa Momo Lartey, Politics, Lartey
General News

How Fishmongers and Faith Launched Gender Minister’s Political Career

by Silas Kafui AssemMay 24, 2025
Transport Fares Reduces by 15% Amid Fuel Price Drop 
Extractives/Energy

Transport Fares Reduces by 15% Amid Fuel Price Drop 

by Prince AgyapongMay 24, 2025
Russia, Ukraine Exchange More Prisoners
Judicial independence to be rethought
Labour Faces Major Revolt Over Welfare Cuts
Gyakie Reflects on Regrets in the Music Industry
Dr. Agnes Naa Momo Lartey, Politics, Lartey
Transport Fares Reduces by 15% Amid Fuel Price Drop 
[/vc_row_inner]

Recent News

  • Russia, Ukraine Exchange More Prisoners
  • Judicial Independence: Ekow Vincent’s Dissent on Chief Justice Challenged
  • Labour Faces Major Revolt Over Welfare Cuts
  • Gyakie Reflects on Regrets in the Music Industry
  • How Fishmongers and Faith Launched Gender Minister’s Political Career
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.