No Result
View All Result
Sunday, May 28, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    BoG Act needs clarity, improvement for easy implementation – Governor

    Don’t shortchange customers; use standardized measurements – Traders told

    We’re ready to provide liquidity support to banks – BoG reiterates

    Utility tariff increase will cripple businesses – AGI

    GRA arrests 3 shop owners for not issuing VAT invoices

    GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs

    Mahama speaks at 2023 Korea Africa Business Summit

    Chinese involvement in Ghana’s economy not problematic – Nana Addo

    Joe Jackson cautions govt against immediate return to international market

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    BoG Act needs clarity, improvement for easy implementation – Governor

    Utility tariff increase will cripple businesses – AGI

    GRA arrests 3 shop owners for not issuing VAT invoices

    GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs

    Chinese involvement in Ghana’s economy not problematic – Nana Addo

    Ghana Association of Banks welcomes provisions for recapitalization

    BoG commissions Financial Industry Command Security Operations Centre

    GSA to clamp down on sub-standard cables, electrical products dealers

    GNPC hasn’t signed any deal with PetroSA – Freddie Blay clarifies

  • TECHNOLOGY

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    BoG Act needs clarity, improvement for easy implementation – Governor

    Don’t shortchange customers; use standardized measurements – Traders told

    We’re ready to provide liquidity support to banks – BoG reiterates

    Utility tariff increase will cripple businesses – AGI

    GRA arrests 3 shop owners for not issuing VAT invoices

    GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs

    Mahama speaks at 2023 Korea Africa Business Summit

    Chinese involvement in Ghana’s economy not problematic – Nana Addo

    Joe Jackson cautions govt against immediate return to international market

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    BoG Act needs clarity, improvement for easy implementation – Governor

    Utility tariff increase will cripple businesses – AGI

    GRA arrests 3 shop owners for not issuing VAT invoices

    GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs

    Chinese involvement in Ghana’s economy not problematic – Nana Addo

    Ghana Association of Banks welcomes provisions for recapitalization

    BoG commissions Financial Industry Command Security Operations Centre

    GSA to clamp down on sub-standard cables, electrical products dealers

    GNPC hasn’t signed any deal with PetroSA – Freddie Blay clarifies

  • TECHNOLOGY

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Government to replant all swollen shoot affected cocoa farms – Nana Addo

September 25, 2020
in News
Share on FacebookShare on TwitterShare on Whatsapp

The President, Nana Addo Dankwa Akufo-Addo, says Government is resolved to replanting all swollen-shoot affected farms in all the regions of cocoa cultivation, and, thereby, help improve the yield per hectare for all cocoa farmers.

Speaking at the launch of Government’s Cocoa Rehabilitation Programme on Thursday, 24th September 2020, at Sefwi Wiawso, on day 1 of President Akufo-Addo’s 3-day tour of the Western North Region, he stated that “it is important to note the significance of paying compensation to farmers and landowners, alike, where tenancy arrangement exists. This has never happened before”.

Addressing the gathering, the President stated that a survey of the country’s cocoa farms in 2017 revealed that out of the total national cultivated cocoa area of 1.95 million hectares, about 17% of the cocoa tree stock was affected by the cocoa swollen shoot virus disease (CSSVD), and 23% was over-aged.

ADVERTISEMENT

To this end, the President said “my administration came to meet a cocoa sector which had about 760,000 hectares, being either unproductive or unable to guarantee the sustainability of the industry”.

He stressed that “Because of the neglect of the recent past, the disease had spread to cover every COCOBOD delineated cocoa region in the country – Western North, Western South, Central, Eastern, Ashanti, Brong Ahafo and Volta. Two-thirds of the blighted cocoa area in Ghana, representing some 214,000 hectares, was found in the Western North Region alone.”

According to the President, so much cocoa farmland has been lost to the cocoa swollen shoot virus disease that the Western North Region, which once produced over 330,000 tons of cocoa in 2010/2011, is now producing below 150,000 tons today.

It is in response to this challenge, the President told the gathering, that his Government “took the bold and pragmatic step for COCOBOD to secure a US$600 million receivable-backed syndicated loan facility”.

More than two-thirds of the amount, he said, will go directly into rejuvenation of diseased and over-aged farms and productivity enhancement activities, including pruning and hand pollination and irrigation of cocoa farms. The remaining amount will go to support local processing and value addition, and promotion of local consumption of cocoa products.

“Government sees the swollen shoot virus and spread as a national disaster. If, today, our cocoa farmers are being confronted by the ravages of the virus, then it is right and just that the entire country rises up to the occasion to support them back onto their feet. This is my conviction, and this is exactly what I am doing,” President Akufo-Addo said.

President Akufo-Addo expressed the appreciation of Government to the consortium of Development Finance Institutions (DFIs), led by the African Development Bank (AfDB), for supporting Government’s Productivity Enhancement Programmes.

“I am aware that the programme has created thousands of jobs for the youth in the beneficiary communities who have been engaged in disease spotting, cutting of diseased trees, replanting, weeding and technical assistance. In all, 50,000 youth are being recruited for the programme, which is going to run for the next five years,” he added.

Thus far, President Akufo-Addo indicated that 11,564.28 hectares of swollen shoot affected farms in the Western North and Eastern Regions have been treated and planted with cocoa, plantain and economic shade trees. Additionally, 8,904 farmers, out of which 7,358 have been fully compensated.

“Government assures our cocoa farmers that not a single farmer will be left out in the on-going compensation exercise; every farmer, whose farm has been affected by swollen shoot, will be paid fully. The next phase of the rehabilitation programme will cover 154,400 hectares of diseased and over-aged cocoa farms,” the President added.

 

Source: Jubilee House Communications Bureau
Tags: Akufo AddoCiti Business NewsCocoaCocoa productionGhana NewsSwollen shoot disease
Previous Post

Farmers welcome new Cocoa Producer Price but call for protection of trees

Next Post

Blue Band and Margarine’s morph into meaningfulness [Article]

Next Post
The writer, Larry Light, is the CEO Arcature Brand Consulting.

Blue Band and Margarine’s morph into meaningfulness [Article]

Accra Kotoka International Airport Arrivals
ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.