<\/p>\n
Joseph Boahene Aidoo<\/strong><\/p>\n Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has countered suggestions for a discount in cocoa premiums.<\/p>\n He said the call for a reduction in cocoa premiums is detrimental to the sustainability of the cocoa industry.<\/p>\n \u201cOnce premiums are discounted then it means that industry is telling our farmers to also discount the quality of the cocoa,\u201d he added.<\/p>\n The COCOBOD boss, speaking at the Cote d\u2019Ivoire-Ghana Cocoa Initiative meeting in Accra, said such a move would deprive consumers of what they want.<\/p>\n \u201cWhen the origin is discounted, it makes it difficult for Ghana and Cote d\u2019Ivoire to get enough to pay their farmers. It will go a long way to undermine the activities of the living income differential (LID).<\/p>\n To have such sustainable cocoa industry, it is imperative that we bring into focus the farmer who is at the central stage of whatever we do. Let\u2019s pay particular attention to the farmer,\u201d he added.<\/p>\n He further noted that the issue of supply management should be tied to demand management, as well as the environmental issues which impact on greenhouse effects and global warming.<\/p>\n He also raised concerns over the low price of cocoa on the international market despite its high demand.<\/p>\n \u201cThe price of cocoa, which was $3000 in 2016 begins to fall to $2000 to a ton definitely becomes a disincentive for farmers to continue to remain in the cocoa industry,\u201d he added.<\/p>\n He said COCOBOD, together with Government, had to implement a subsidy of about $400 million a year to help the cocoa farmers stay on course.<\/p>\n Director General of Le Conseil du Caf\u00e9-Cacao (CCC), M. Ibrahima Kone Yves, said the meeting will seek to address the lack of attention given to the sector and the production price particularly, how to boost cocoa production on the continent.<\/p>\n BY Jamila Akweley Okertchiri & Hudda Bala Abdul Manan<\/strong><\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" Joseph Boahene Aidoo Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has countered suggestions for a discount in cocoa premiums. He said the call for a reduction in cocoa premiums is detrimental to the sustainability of the cocoa industry. \u201cOnce premiums are discounted then it means that industry is telling […]<\/p>\n","protected":false},"author":1,"featured_media":1083800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[181,707,15733],"class_list":["post-1146950","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cocoa","tag-discount","tag-premium"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1146950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1146950"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1146950\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1146950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1146950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1146950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}