President Akufo-Addo has touted the benefits the country has gained by signing the initiative dubbed “An Agreement For a Strategic Partnership” with Cote d’Ivoire.
This agreement, according to President Akufo-Addo “has bound our two countries in even closer intimacy, especially in the cocoa sector.
“We have succeeded in aligning the cocoa production and marketing policies of the two countries, and ensured that we do not continue to be victims or pawns of a global cocoa industry that is dependent on the toil and effort of our farmers.”
Presenting his first State of the Nation Address to the 8th Parliament of the 4th Republic on Tuesday, the President noted that the new trading mechanism has increased the value of cocoa sold by the 2 countries on the international market.
“It has ensured that a new cost item of US$400.00 per ton, for every cocoa sold by the two nations, effective from the 2020/2021 season, is paid to our farmers,” he stressed.
On Tuesday, October 17, 2017, Ghana and Cote d’Ivoire agreed to set up a strategic co-operation framework, and signed a Strategic Partnership Agreement (SAP) that will give new momentum to Ivorian-Ghanaian co-operation.
The agreement covered the areas of Defence and Security; Cocoa and cashew economy and other strategic crops; Maritime cooperation; Mining, energy and environment; Transport; and Economic policies.
Meanwhile, the President said government is determined to end the over-reliance on cocoa.
He stated that with the establishment of the Tree Crops Development Authority other cash crops such as; cashew, cotton, mango, oil palm, rubber, and shea will equally be priortised.
Latest Stories
-
Chale Wote Street Art Festival: A call for artists ahead of 2024 edition
1 hour -
Floods: We’re exposed but my team and I are ‘running’ to catch up – Oppong Nkrumah
1 hour -
5 traits of sweet, committed men that may seem like red flags at first
3 hours -
We met on Twitter and our first date was a week-long road trip
3 hours -
The biggest mistake people make when meeting someone in person after talking online
3 hours -
I traveled 500 miles for a first date
3 hours -
My cousin saved my life and she never knew
3 hours -
Top UN court orders Israel to allow food and medical aid into Gaza
3 hours -
Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
3 hours -
The architecture we have used to tackle housing deficit has not been robust enough – Oppong Nkrumah
3 hours -
Government suspends implementation of price Stabilisation and Recovery levy on petroleum products
4 hours -
Takoradi traders lament over low sales ahead of Easter
6 hours -
I’ve served Effia constituency well – Joseph Cudjoe
6 hours -
Michael Ampadu: One Student, One Tablet initiative will shape the future of education and innovation
6 hours -
I will partner you for development – Alan tells TUC
6 hours