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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

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    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    Vodafone agrees sell stake in Ghana’s business to Telecel

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    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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Government pledges to intensify efforts in adding value to cocoa

byEllen Dapaah
February 7, 2021
in Agribusiness, News, Top Stories
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As Ghana prepares to celebrate the National Chocolate week, stakeholders in the cocoa sector have pledged to intensify efforts to add more value to the country’s cocoa.

According to them, this would be done by focusing more on making beans available to local entrepreneurs to enhance their value addition ventures.

Cocoa farming has for many years, been and continues to be the backbone of Ghana’s economy.

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Cocoa, the biggest agricultural export of Ghana and Ghana’s main cash crop, has over the years, been increasingly patronized all over the world.

The most famous product of Ghana’s cocoa, chocolate, now comes in various varieties such as white chocolate, milk chocolate, and even powdered form, to suit the different consumers of the product.

The National Chocolate Day, an initiative of former Tourism Minister, the late Jake Obetsebi Lamptey, is a day set aside to create awareness and increase consumption of locally made chocolate products.

This year’s week celebration is set to happen from February 8 to February 14 under the theme, ‘Eat chocolate, stay healthy and grow Ghana’.

During the launch of the week’s celebration, the Vice President, Dr. Mahamudu Bawumia, in a speech read on his behalf by the Minister-designate for Information, Kojo Oppong Nkrumah pledged the government’s support to local entrepreneurs interested in cocoa value addition to increase consumption of the product.

“Fortunately for us, Ghanaians are beginning to understand and appreciate the health benefits of cocoa and its related products, resulting in a gradual increase in demand for high quality and good flavoured cocoa products that come in various forms.”

“Government has therefore commenced and is stepping up efforts to support local entrepreneurs and businesses who have an interest and expertise in cocoa value addition in marketing and consumption. There are various efforts to ease the setup and operation of various cocoa processing companies, and to stimulate the consumption of cocoa,” he disclosed.

Still on adding more value to cocoa, the CEO of the Ghana Cocoa Board, Joseph Boahen Aidoo, also disclosed plans to increase the incentive packages for local cocoa producers to motivate them to work harder to push the sector.

He noted, “COCOBOD is even more resolved to achieve higher glories in local processing of cocoa beans. The Board is also poised to strengthen its incentives packages to encourage local processors and artisanal chocolate makers. The incentives will ensure that the processors will be able to access more beans and innovative chocolates and other cocoa products for the consuming public.”

Mr. Aidoo stressed on the importance of innovations in chocolate making saying that, “this, we believe, will support the achievement of our policy in ensuring that 50% of cocoa produced annually is processed locally to support the high demand and taste for cocoa products in Ghana and beyond.”

 

 

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Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)
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