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
-
Police intercept 26 sacks of suspected narcotics in Ho
50 minutes -
First Sky Group creates over 6,000 jobs to tackle unemployment – CEO
1 hour -
First Sky Group builds 101 churches, expands facilities in Greater Accra – CEO
1 hour -
GPL 2025/26: Hohoe United’s relegation fears deepen after draw with Vision FC
2 hours -
First Sky Energies to add 50mw to the national grid from Yendi plant
2 hours -
Berekum Chelsea beat Bibiani GoldStars to boost relegation fight
2 hours -
GPL 2025/26: Albert Amoah scores on Kotoko return as they beat Holy StarsÂ
2 hours -
First Sky Group commits over GH¢51m to dialysis care at Korle Bu – CEO
2 hours -
Local businesses want policy reforms against proliferation of foreign retail malls
3 hours -
FirstBank Ghana shifts focus to branchless, digital banking as it marks 30 years
3 hours -
Countdown to Joy FM Big Workout begins with 14.7km walk by MGL’s Winston Amoah, Max Fugar
4 hours -
Kwadaso MCE warns against indiscriminately waste dumping
4 hours -
Gov’t anti-scam efforts bearing fruit, says Cybersecurity expert
4 hours -
Africa’s moment, if we get reading right
4 hours -
Free Cataract surgery brings new hope to over 500 residents in Ejura
5 hours
