Producer price of cocoa increased by 62.74%

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The mask 11 years ago

The Bank of Ghana (BOG) has no Eastern Regional headoffice. The BOG must ask for land from the King of Akyem (Okyehene) to construct this building. I don´t believe that the BOG has accurate data of the economic activity in t ...
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The Bank of Ghana (BOG) has no Eastern Regional headoffice. The BOG must ask for land from the King of Akyem (Okyehene) to construct this building. I don´t believe that the BOG has accurate data of the economic activity in the at least 12 Akyem districts which make up more than half the population on the region. The GDP and GNI of these Akyem districts are very high. They stem from:

Gold mining
Diamond mining
Cocoa
Oil Palm (the largest in West Africa)
Timber
Software development
etc

The money supply and capital in the at least 12 Akyem districts are wholly inadequate. BOG must remove impediments to the setting up of rural banks in these districts and encourage ADB and GCB to open branches in these districts.

The government must further ensure that wholly owned Ghanaian banks, including rural banks, get at least 80% of the banking revenue.
K YEBOAH 11 years ago

Free fertelizers given to the cocoa farmers are smuggled outside the country by the farmers and some big men in some communities. The government should be watchful cos majority of ghanaians are corrupt before becoming politic ...
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Free fertelizers given to the cocoa farmers are smuggled outside the country by the farmers and some big men in some communities. The government should be watchful cos majority of ghanaians are corrupt before becoming politicians.
Obrefo 11 years ago

It's still inadequate. COCOBOD is sell a metric ton of cocoa this season (2014/15) at $3,318.00 per Metric Ton. Even if we purge the dollar to cedi exchange rate at ghc3.00 to $1.00, COCOBOD is bagging GHC9,954.00 but paying ...
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It's still inadequate. COCOBOD is sell a metric ton of cocoa this season (2014/15) at $3,318.00 per Metric Ton. Even if we purge the dollar to cedi exchange rate at ghc3.00 to $1.00, COCOBOD is bagging GHC9,954.00 but paying cocoa farmers only GHC5,520.00 representing 55.50%. This is tantamount to cheating cocoa farmers. NDC when lying through their nose with their shameful propaganda promised to pay cocoa farmers 70% of the sales price. Cocoa farmer deserve the 70% GHC9,954.00 amounted to GHC6,968.00.
ALIMI YAO 11 years ago

You seem to forget that COCOBOD is a revenue generating body for Ghana Plc.

You seem to forget that COCOBOD is a revenue generating body for Ghana Plc.
Expert 11 years ago

Why is the government entitled to impose such a huge hidden tax on hard working small farmers? Doesn't this show clearly how unfair Ghana's society really is?

Why is the government entitled to impose such a huge hidden tax on hard working small farmers? Doesn't this show clearly how unfair Ghana's society really is?
godson summy 11 years ago

The cocoa farmers are aging out, will these bad strategy attract the youth?

The cocoa farmers are aging out, will these bad strategy attract the youth?
Ekow 11 years ago

The remaining 15% is used for the free mass spraying among other incentives to have maximum yield. The chief cocoa farmer was very grateful to Government on Asempafm on Thursday. They are currently receiving more than what co ...
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The remaining 15% is used for the free mass spraying among other incentives to have maximum yield. The chief cocoa farmer was very grateful to Government on Asempafm on Thursday. They are currently receiving more than what cote devoire is paying
ACKAH 11 years ago

then re introduce the mass spraying and free fertilizer to finish it all

then re introduce the mass spraying and free fertilizer to finish it all
Expert 11 years ago

A lot of that is actually paid for by foreign donors and not coming from COCOBOD's unbelievable margin

A lot of that is actually paid for by foreign donors and not coming from COCOBOD's unbelievable margin
German Friend 11 years ago

Where did they (Gov. + Cocoa Board) put the money before ???

62,74 increasing ist good for the farmers … but the Cedi didn’t shrunk that much since a year.

They must have earned this amount additionally before!?!
...
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Where did they (Gov. + Cocoa Board) put the money before ???

62,74 increasing ist good for the farmers … but the Cedi didn’t shrunk that much since a year.

They must have earned this amount additionally before!?!

This seems like it was very urgent to set up the prices since a longer period.

Or what do you think?

Just a stupid question from a German friend ...

(And by the way I hope Ghana will not bee hit by the Ebola virus - Stay Safe Goldcoast!"

RIGHTMAN - USA 11 years ago

NPP, any comments ? Where is Nana, long time no hear.....

NPP, any comments ? Where is Nana, long time no hear.....
Yaw Adu-Asare 11 years ago

Are cocoa farmers getting richer?

Are cocoa farmers getting richer?
Boakye 11 years ago

We are in big big trouble. NPP will lose in 2016

We are in big big trouble. NPP will lose in 2016
Agya Kwame 11 years ago

NDC! why are you afraid to fulfill your venom promise by given farmers what they deserve? what at all has happened to your 70% give out to us? OK! We still waiting in case u come back to ur senses!

NDC! why are you afraid to fulfill your venom promise by given farmers what they deserve? what at all has happened to your 70% give out to us? OK! We still waiting in case u come back to ur senses!
kk 11 years ago

345 per bag of cocoa is not bad

345 per bag of cocoa is not bad
German Friend 11 years ago

Just selling the cocoa can't be enough. With all the selling of commodities without funding and setting up an economical environment that keeps the value chain in the country - it's still exploitation. And the EU would still ...
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Just selling the cocoa can't be enough. With all the selling of commodities without funding and setting up an economical environment that keeps the value chain in the country - it's still exploitation. And the EU would still charge import taxes if Ghana (or other ECOWAS states) would try to export stylish Ghanian Chocolate (swiss style ;-) hehe of course).
It's the same with other stuff: frozen chicken from the EU is destroying your lokal and regional markets and farmers business. It's very unfair still what we white men do to your country!
Your Government should put the oil earnings into an alternative energy concept. There is so much wind power along the shore. This electricity coming from wind wheels could be used for the alloy plant that never really worked. At the moment you are shipping the raw materials like bauxite to South Africa. And for what, to import alumimnium bowls and kettles etc. ??? You should have this industry in your own country with all the surrounding services and supporting industries and businesses that is needed. This would be a kind of an investmenst that can boost the economy and the money will stay in your systems circuits ...

All the best wishes to the westcoast!
Cheers from Germany!
H.E.prez.John Dramani Mahama.is for c 11 years ago

JDM DE BEEE KEKEKE...oposition are no where to be fund shame on them waaaaw..where is akufo addo shutup ur mouth we are coming where is the sick npp...JDM.for FARMERS.

JDM DE BEEE KEKEKE...oposition are no where to be fund shame on them waaaaw..where is akufo addo shutup ur mouth we are coming where is the sick npp...JDM.for FARMERS.
H.E.prez.John Dramani Mahama.is for c 11 years ago

NPP ANY COMENT? NO COMENET WE DE NPP SALUTE .PREZ.JOHN MAHAMA FOR GOODWORK DONE...OUR SUPORTS ARE FARMERS JM WELL DONE.

NPP ANY COMENT? NO COMENET WE DE NPP SALUTE .PREZ.JOHN MAHAMA FOR GOODWORK DONE...OUR SUPORTS ARE FARMERS JM WELL DONE.
cobby etsite 11 years ago

The Purchasing Clerks(PCs)and their District Officers(DOs) have turn the cocoa industry into a secret "goldmine" through the concept of scale adjustment. Read LEVITICUS 19:35

The Purchasing Clerks(PCs)and their District Officers(DOs) have turn the cocoa industry into a secret "goldmine" through the concept of scale adjustment. Read LEVITICUS 19:35

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Producer price of cocoa increased by 62.74%

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