How Ghanaian Cocoa Farmers Reap Sweet Fruits of Their Labour

The Ghanaian government made two major announcements that would greatly change the livelihoods of cocoa farmers in the country, Ghanaian Times reports.

The first announcement is the rolling out of the much-awaited Cocoa Farmers Pension Scheme in October 2022. Trustees of the scheme will be moving from district to district, to register cocoa farmers onto the scheme, to enable them to enjoy the full benefit of their pensions.

The government has also announced an increase in the cocoa producer price to 21% for the 2022/2023 cocoa season. With this, a tonne of the commodity would now be sold at U.S.$1,204 (GH¢12,800) from U.S.$994,00 (GH¢10,560) per tonne. This translates into U.S.$75 (GH¢800) per bag from the U.S.$62 (GH¢660) for the just ended cocoa farming season and takes effect from October 7, 2022.

Cocoa is the chief agricultural export of Ghana and is its main cash crop. Ghana is the second largest cocoa exporter in the world, after Cote d'Ivoire.

(file photo).

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