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Government to maintain cocoa producer prices for 2017/2018 season

President Addo Dankwa Akufo-Addo assured Ghanaian cocoa farmers here on Monday that the government will maintain the current Producer Price for cocoa purchased from them during the 2017/2018 crop season, despite the more than 40 percent drop in the world market price for the commodity.

Addressing the 2017 National Cocoa Day Rally and 70th anniversary celebration of the establishment of the Ghana Cocoa Board, in Ghana’s second largest city of Kumasi, 270 km north of the capital, the president said a lot more measures were being put in place to better the lots of cocoa farmers.

World market price for cocoa which were around 3000 US Dollars at the beginning of the 2016/2017 season have fallen to below 2000 dollars, with a lot of expectations that Ghana and La Cote d’Ivoire who between them account for 60 percent of total global output would slash their farm-gate prices.

“Indeed, government will make sure that producer prices paid to Ghanaian cocoa farmers remain unchanged, and will be in sync with those of Ivorian farmers. Government is also working on the cocoa pension scheme for cocoa farmers, the first of its kind in our history,” President Akufo-Addo announced. The country pays 7, 600 Ghana cedis or 1741.51 dollars to local farmers per tone of cocoa purchased.

He expressed hope; “This will not only benefit cocoa farmers, but all involved in the cocoa value chain explaining that the decision was to ensure farmers were not short-changed in any price review.

The Ghanaian president said he had been holding discussions with his Ivoirian counterpart, Alassane Ouattara, since assuming office, to provide the necessary leadership for technical and political co-operation that addresses effectively the international cocoa price decline in the short-to-medium term.

“We are fashioning out far reaching policies towards achieving a shared vision of an industrialized and prosperous domestic cocoa economy. This, I am sure, will reduce our vulnerability to the volatility of the markets, and help deliver prosperity to our farmers and peoples,” he added.

To strengthen export earnings from cocoa, again, Akufo-Addo said he had directed the Minister for Food and Agriculture and the COCOBOD to work towards increasing domestic processing of cocoa up from the current levels to a minimum of 50 percent of annual production by 2020.

He added: This will significantly increase export revenues and foreign exchange earnings from cocoa. Processing of cocoa must also go beyond just grinding of the beans, to tertiary manufacturing for table consumption. Chocolate and cocoa products from Ghana should be accessible anywhere on the globe.”

The importance of cocoa in Ghana’s economy made the government establish the Cocoa Marketing Board (CMB) in 1947 which was later transformed into COCOBOD as the main agency of state responsible for development of the industry.

The king of Ashanti Otumfuor Osei Tutu II who chaired the celebration was named by COCOBOD as its Cocoa Ambassador.
The revered traditional ruler invited all Ghanaians to join hands to work and ensure that the country received its fair share of proceeds from the cocoa industry.

 

 


Source: GhanaWeb.com

ECG Installs $3.1m Substation At GIMPA

The Accra East Region of the Electricity Company of Ghana (ECG) has built a new primary substation worth $3.161million near the Ghana Institute of Management and Public Administration (GIMPA) to boost power supply to the 6,000 customers in and around the area.

The facility which brings to 22 the number of primary substations in the region, is expected to benefit residents at Kisseman, Westland, Achimota School, North Dzorwulu, Ghana Water Booster Station, Achimota Golf Park, Achimota Forest area, Pure Fire, Abofu, Christian Village, Dome, North Abelemkpe, West Legon and Mcbright Towers.

Project funding

The project was funded from the company’s internally-generated funds (IGF).

“As the city expands we try to keep up with the development with the increase in demand. Day in day out we study the load grid and plan to keep up with the demand,” the Accra East Regional Manager of the ECG, Mr Jones Makumator, told the Daily Graphic.

He said following the completion of the project, the reliability of the supply of power in the area had improved, and that it was the primary substations that supplied power to the secondary substations that fed customers in their homes, factories, schools, hospitals, among other places.

Construction

He said the construction of the substations was a regular phenomenon in order to keep up with the load growth and to prevent the total collapse of the system.

Mr Makumator said before the construction of the GIMPA primary substation, “complaints kept on coming from customers in the areas that have been mentioned, but since we finished the new primary substation the supply and quality have improved”.

The situation had improved because the feeders that had been connected to the facility were not overloaded as they have enough room to supply more customers, he said.

“We have a similar substation at Shiashie. A feeder like AK 10, which is being fed from Shiashie is connected to the new primary substation too. So when the Shiashie primary substation is down, there is an alternative to feed its customers from GIMPA,” he explained.

Hitherto, he said, when the Shiashie substation went down, customers had to wait till power was restored.

The Accra East Region of the ECG has seven districts: Makola, Roman Ridge, Teshie, Legon, Kwabenya, Dodowa and Mampong.

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