{"id":710974,"date":"2019-09-26T16:03:56","date_gmt":"2019-09-26T16:03:56","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/09\/26\/pension-for-cocoa-farmers-coming-bawumia\/"},"modified":"2019-09-26T16:03:56","modified_gmt":"2019-09-26T16:03:56","slug":"pension-for-cocoa-farmers-coming-bawumia","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/09\/26\/pension-for-cocoa-farmers-coming-bawumia\/","title":{"rendered":"Pension For Cocoa Farmers Coming – Bawumia"},"content":{"rendered":"

<\/p>\n

\n

Vice President Dr. Mahamudu Bawumia <\/strong><\/p>\n

Government is setting up a pension scheme that will take
\ncare of hardworking cocoa farmers, Vice President Dr. Mahamudu Bawumia has
\nrevealed.<\/p>\n

Speaking at the 20th<\/sup> anniversary celebration of
\nOLAM Ghana Cocoa in Accra yesterday, the Vice President said, \u201cWe are working
\nwith the National Pensions Regulatory Authority to introduce a pension scheme
\nfor cocoa farmers.\u201d<\/p>\n

According to him, \u201cWork on this is far advanced and we
\nexpect another round of presentations at the Economic Management Team (EMT) by
\nthe National Pension Regulatory Authority before we submit to Cabinet for
\napproval; but I think it\u2019s very important that a pension scheme for cocoa
\nfarmers is put in place so that once they retire, they will have a source of
\nincome which will be very important.\u201d<\/p>\n

This comes at a time most of the country\u2019s retired and aged
\nfarmers are struggling to make ends meet or literally dying like paupers.<\/p>\n

He indicated that \u201cgovernment has instructed the COCOBOD\u2026to
\nensure that because there now exists sufficient local capacity for the
\nmanufacturing of fertilizer, at least the blending of fertilizer, all
\nfertilizers to be acquired must come from local companies.\u201d<\/p>\n

That, he said, was because \u201cnow, thanks to 1D1F, we have
\nestablished the local capacity to satisfy our fertilizer demand and this will
\nsave the country foreign exchange.\u201d<\/p>\n

He hinted that Presidents Akufo-Addo and Allasane Ouatarra of
\nLa C\u00f4te d\u2019 Ivoire, whose countries produce close to 67% of the world\u2019s cocoa
\nare working to determine the price of the product across the world, hopefully
\nby the 2020 cocoa season, sometime in October.<\/p>\n

He decried the lack of interest of the youth in farming,
\nespecially in the cocoa sector, and added that as a result, \u201cGhana COCOBOD is
\nimplementing the \u2018Youth in Cocoa\u2019 initiative with the goal to attract young men
\nand women into cocoa farming.\u201d<\/p>\n

\u201cThis initiative has identified young men and women who are
\ninterested in cocoa farming and has provided them with the necessary support\u201d
\nand that \u201cthese youth groups are being used as advocacy groups to prove to
\nother young men and women that cocoa farming is lucrative.\u201d<\/p>\n

He took the opportunity to commend OLAM Ghana Cocoa for
\nreaching the milestone of its 20th anniversary.\u00a0\u00a0\u00a0 \u00a0<\/p>\n

Vice President Dr. Bawumia also unveiled a development project
\nbeing undertaken by OLAM Ghana Cocoa to provide potable water to 20 communities
\nacross the country.<\/p>\n

The company has also committed an amount of GH\u20b5500,000
\ntowards the establishment of educational endowment funds in 10 communities
\nwithin its operational areas, with each community receiving GH\u20b550,000 each as
\nseed capital to support needy but brilliant students in those areas.<\/p>\n

The beneficiary traditional areas include Sefwi-Wiawso,
\nSefwi-Anhwiawso and Wassa Amenfi, all in the Western North and Western regions;
\nAkyem Tafo in the Eastern Region and Olam Wa Na Educational Fund in the
\nNorthern Region.<\/p>\n

Others are Olam Ahafoman Educational Fund, Olam Denkyireman
\nEducational Fund, Tepaman Educational Fund, Kwaboadi Educational Fund and Olam
\nJoseph Antwi Memorial Educational Fund.<\/p>\n

The ceremony brought together more than 5,000 cocoa farmers across the country, cocoa purchasing clerks, traditional leaders and key partners in the cocoa value chain.<\/p>\n

By Charles Takyi-Boadu, Presidential Correspondent <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Vice President Dr. Mahamudu Bawumia Government is setting up a pension scheme that will take care of hardworking cocoa farmers, Vice President Dr. Mahamudu Bawumia has revealed. Speaking at the 20th anniversary celebration of OLAM Ghana Cocoa in Accra yesterday, the Vice President said, \u201cWe are working with the National Pensions Regulatory Authority to introduce […]<\/p>\n","protected":false},"author":1,"featured_media":710975,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-710974","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\nPension For Cocoa Farmers Coming - Bawumia - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/09\/26\/pension-for-cocoa-farmers-coming-bawumia\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Pension For Cocoa Farmers Coming - Bawumia - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Vice President Dr. Mahamudu Bawumia Government is setting up a pension scheme that will take care of hardworking cocoa farmers, Vice President Dr. Mahamudu Bawumia has revealed. 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