Audio By Carbonatix
Finance and Economic Planning Minister, Dr. Kwabena Duffuor has assured that the cocoa sector will not be neglected because of the oil find.
Currently the second highest foreign exchange earner, the commodity enjoys massive support from government; a factor many say has fueled its growth.
There are however fears the sector’s good days are numbered with the advent of the relatively more prized oil and gas sector. But the Finance Minister has assured that will not happen.
Dr. Duffuor told Joy Business the government will by next week announce a new cocoa producer price to signal that it still values the cocoa sector.
The last producer price announced for the crop in January was 150 Ghana cedis for a 64 kilo bag.
COCOBOD Chief Executive, Anthony Fofie, will not say what the new price will be but remains confident it will further help discourage farmers from smuggling their produce to neighbouring countries.
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
-
HAKLA SC Vice President marks birthday with donation to Children’s home
17 minutes -
Shatta Wo Maame T…?
56 minutes -
Dr Kingsley Agyemang raises concerns over Ghana’s Ebola preparedness gaps
57 minutes -
EPA arrests Gyetey Gye Nyame Mining PRO over alleged illegal mining at Nkroful
59 minutes -
Weija traditional leaders support demolition of structures on waterways to curb flooding
1 hour -
UGCFL26: Wilmar Africa, the newcomers taking over Group B
1 hour -
Why Gordon Asare Bediako matters for NPP 2028’s communication
2 hours -
UPSA hosts 11th Business & Entrepreneurship Conference on ESG and Sustainability
2 hours -
Strong public confidence boosts Ghana’s drive towards local vaccine production
2 hours -
Strategy Execution for Results
2 hours -
Teens need to press pause on late-night doomscrolling
2 hours -
PIAC probes delayed Ehi–Dzodze road project amid concerns over oil revenue use
3 hours -
SEED Club launched to nurture young entrepreneurs
3 hours -
Amb. Dr Samuel Ben Owusu calls for urgent action on Ghana’s water security
3 hours -
Pan Africa AU Agenda 2063 Mission, IAWPA hold Africa Day Leadership Summit in Accra
3 hours