Audio By Carbonatix
Finance Minister, Kwabena Duffour says Ghana would not allow its premium brand of cocoa beans to be adulterated by produce smuggled from Ivory Coast.
There have been several reports that a lot of cocoa is being transported into Ghana because of a ban on exports by the international community as a measure to deprive incumbent President Laurent Gbagbo of badly needed funds.
Cocoa purchases for the season is said to be already nearly fifty percent more than what had been bought for the same period last year, lending credence to suggestions that produce from Ivory Coast could be a factor.
The Finance Minister however disagrees.
Speaking to the BBC’s World Business Report programme, Dr. Duffuor said the Ivorian crisis on a whole presents a major challenge to the Ghanaian economy.
This week’s arrest of a truckload of beans from Ivory Coast, meanwhile is evidence that smuggling is taking place. The Finance Minister, by the way, made it onto the very first edition of the BBC’s new business programme, World Business Report.
Source: Joy Business/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
-
Unauthorised drone flights banned at Manhyia Palace
6 minutes -
Aksa bribery scandal: Ghana’s probe must be pursued with speed – Dafeamekpor
21 minutes -
Samson’s Take: When religion threatens peace, sanity must prevail
52 minutes -
Friendship: Why time matters less than continuity
1 hour -
Africa’s AI moment: They say data is the new gold. But who is drilling it?
1 hour -
Ghana delivers strong performance in retail market in half-year; value up 15.6% – Maverick Research
1 hour -
The world’s oldest president left for a ‘brief stay’ in Europe. He hasn’t returned in two months
1 hour -
Parliamentary committee commends GIPA’s investment drive, backs key reforms
1 hour -
Livestream: Newsfile discusses AKSA energy deal, legal vacation and GoldBod losses
2 hours -
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
4 hours -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
4 hours -
Government to add constitutional referendum to 2027 District Assembly elections
5 hours -
Ambassador Nancy Sam meets South Africa’s Thanda to strengthen Africa tourism collaboration
5 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
6 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
7 hours