Audio By Carbonatix
Reforms being contemplated for La Cote d’Ivoire’s cocoa sector could offer a solution to the problem of smuggling Ghana has had to grapple with in recent years.
The present liberalized cocoa buying regime allows cocoa farmers to freely negotiate how much they are willing to sell their produce to the buying companies.
Ghanaian farmers for instance get GH¢138 for a 64 kilo bag although the same quantity sells at more than GH¢200 across the border in Cote d’Ivoire.
This is because whilst Ghanaian farmers get free mass spraying of their trees and given high-yielding varieties, – resulting in low cost of production – farmers across the border in La Cote d’Ivoire do not.
A report by Bloomberg however says the Ivorian government wants to once again take charge of cocoa purchases and set uniform prices across the country.
It is believed this could discourage smugglers because they’re unlikely to offer the attractive prices that private buyers have been paying for the produce as they would factor in other costs.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
9 forest reserves reclaimed from illegal miners – Forestry Commission
2 minutes -
2026 FIFA World Cup: GFA not ruling out possible return of injured Abu Francis
2 minutes -
JoyBusiness Review 2025: Banks must increase lending to agriculture despite risks – Prof. Quartey
3 minutes -
Koforidua High Court dismisses petition challenging Suhum MP’s election
5 minutes -
NSA raises alarm over rejection of National Service Personnel by user agencies
8 minutes -
2025 JoyBusiness Review: I think the Cedi is overvalued – Joe Jackson
12 minutes -
JoyBusiness Review 2025: Joe Jackson names Ato Forson, Johnson Asiama as Men of the Year
22 minutes -
Falling inflation doesn’t mean prices are dropping — Prof. Quartey
23 minutes -
Police receive plaudits for reducing ‘landguardism’ in parts of Greater Accra
40 minutes -
IMF programme and strong fiscal–monetary coordination driving Ghana’s stability — Prof. Peter Quartey
42 minutes -
Kamal-Deen accuses government of constitutional breach over troop deployment to Jamaica
46 minutes -
2026 World Cup: Nketiah and Hudson-Odoi will ‘bring chaos’ to Black Stars – Derek Boateng
54 minutes -
11 Nigerian soldiers freed after 10-day detention in Burkina Faso -Ministry
58 minutes -
Livestream: Joy Business Review 2025
1 hour -
Interior Minister opens Upper West Regional Police Headquarters
1 hour
