Today, I gave the keynote address at the 20th Anniversary celebration of Olam Cocoa Ghana. A leading global agro- commodity company deeply involved in cocoa industry from the internal marketing of cocoa to external marketing, and then to downstream processing.
I announced that government has directed Cocobod to make sure that from next year, all fertilisers they acquire must be from the local companies and not imported. This is because there now exist sufficient local capacity for the manufacturing of fertilizer, at least the blending of fertilizer, thanks to 1D1F.
Government in collaboration with the National Pension Regulatory Authority (NPRA) is introducing a pension scheme for cocoa farmers. Work on this is far advanced and we expect another round of presentations at the Economic Management Team by the NPRA before we submit it to Cabinet for approval. It is very important that a pension scheme for cocoa farmers is put in place so that once they retire they will have a source of income.
President Nana Addo Dankwa Akufo-Addo’s government will not relent in its efforts at supporting Ghana Cocoa Board to ensure the sustainability of the cocoa industry.
SOURCE: Official Facebook Page of Dr. Mahamudu Bawumia, Vice President of the Republic of Ghana.