• Submit article
  • Your News
  • Advertise
  • My LiStingGh
Friday, March 5, 2021
26 °c
Labadi
27 ° Sat
28 ° Sun
28 ° Mon
28 ° Tue
  • Login
  • Register
The New Crusading Guide Online
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
The New Crusading Guide Online
No Result
View All Result
Home Business

COCOBOD Maintains Producer Price …Despite Drop In World Cocoa Price

News Desk by News Desk
January 15, 2019
in Business, News, Politics
Reading Time: 4min read
A A
0
Our Vigilance Saved Cocobod $80 Million
730
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

By Adu Koranteng

The Management of Ghana Cocoa Board has observed with utter dismay the apparent propensity with which former President John Dramani Mahama, at the least chance, goes public to make false statements about COCOBOD and the cocoa industry.

Management considers his actions as deliberate and for political expediency, and Management believes so because he is adamant about the time and pains that Management has repeatedly taken to explain or debunk old issues and old misinformation.

On his current nationwide campaign tour for return as President and in his bid to pour diatribe and vituperations against the current Government, Mr. Mahama has once again not spared the industry and Management his porky-pie deliveries.

Related posts

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

March 5, 2021
Election 2020…  STAMPPED,  NO RE-RUN!

Election 2020… STAMPPED, NO RE-RUN!

March 5, 2021

Specifically, Mr. Mahama told a gathering of NDC supporters in the Western Region that the current Government and COCOBOD Management have deliberately refused to increase the producer price of cocoa, which according to him should be increased each year. In justifying it, he used the historical changes in the currency exchange, alluding that with the dollar exchange rate moving from GH¢3.9 in 2016 to GH¢5.0 in 2018, there should have been an automatic upward adjustment of the producer price of cocoa.

This is an unfortunate assertion because the exchange rate is just one of the many factors that are used in the determination of the producer price of cocoa in Ghana. Aside, there are operational cost – buyers’ margin, haulage, warehousing, fumigation, quality assurances, pre-harvest and other post-harvest cost. A key factor which cannot escape any fair and rational analyst is the world market price.

In 2016 when he was in office, the average price at the world market was US$3,000 per tonne, and the producer price paid to cocoa farmers was GH¢7,600 per tonne. In 2017 and 2018, the world price dropped to an average of US$2,000 sometimes touching US$1,800 per tonne.

Applying former President Mahama’s principle of exchange rate, far less per same tonnage is being realized now from the world market than before. Yet, the current Government has over the past 2 years continued to maintain the GH¢7,600 producer price, which is the highest among cocoa producing countries globally. It is unfortunate that the former President would want to incite cocoa farmers using the producer price when he knows world market price of cocoa is at a record low.

The former President also made a claim that his administration paid for fertilizers meant for

cocoa farming before leaving office but the new Management of COCOBOD decided to sell thefertilizers to farmers and has allowed some to go waste. This again was a deliberate diatribe.

Umpteenth time, Management of COCOBOD has refuted this claim, AND LET IT BE

REFUTED ONCE AGAIN THAT NO FERTILIZERS WERE PAID FOR, NEITHER WERE

ANY MONIES LEFT IN THE ACCOUNTS OF COCOBOD FOR FERTILIZERS AS AT 1ST

JANUARY 2017. The new Management under the current Government had to secure a loan

from the Bank of Ghana to pay for and take delivery of fertilizers for 2016/2017 crop year wayafter April 2017.

 

The fact of the matter is that the annual syndicated facility of US$1.8 billion for the 2016/2017

crop year whose drawn-down started in October 2016 had been completely disbursed on 31st

December 2016 without making any reservation whatsoever in the accounts of COCOBOD for

fertilizers and chemical inputs. In any case, per COCOBOD’s policy, fertilizers and chemicals

ought to be tested or verified upon delivery before payment. The 2016/2017 fertilizers started

arriving in the country in April 2017 when the NDC were long out of office. And so, why and

how then did they pay for fertilizers that have not been delivered let alone to be certified?

Still on fertilizers. Management wishes to state that while the policy of giving free fertilizers to

our hardworking cocoa farmers looks commendable, the facts gathered in assessment of the

policy clearly showed that the intended outcome of former President Mahama free fertilizer policy was not achieved

Instead of increasing production, the policy led to an avoidable decline. Smuggling took the better part of his free fertilizer policy and chunk of fertilizers ended up in the hands of farmers outside the country. Meanwhile Ghanaian cocoa farmers who were in real need of fertilizers were deprived, thus leading to a fall in the country’s cocoa production from 1 million tonnes to 740,000 tonnes. Our production remained below 800,000 tonnes until the NPP took over the reins of administration. It is important to note that ever since the Hi-Tech fertilizer was introduced in Ghana, it was only former President Mahama who subscribed to the free fertilizer policy and only his rein registered a continuous decline in production. Former President Kufuor supported farmers with a policy of subsidy, and the country’s cocoa production increased steadily from 350,000 tonnes in 2000 to 765,000 tonnes in 2008. Professor Atta-Mills maintained the subsidy policy and the increasing momentum was sustained up to a record 1 million tonnes in 2011. In the past two years that the subsidy policy was reinstated under President Akufo-Addo, production has bounced back to over 900,000 tonnes. Clearly, something was wrong with the Mahama policy, and obviously it was political patronage and smuggling.

 

Further on fertilizers, it is factually incorrect that fertilizers have been left across the country to expire.  Indeed, the organic fertilizers which are the subject of issue ordinarily are the best but   unfamiliar to our farmers. Upon discovery that patronage was low, Management with approval of the Board of Directors decided to assist farmers operating pollinated farms with the organic

fertilizers months before their expiration.

It is welcoming to have our former President take interest in our cocoa farmers but not within accurate statements which will only create disaffection and enmity between the Managers of the industry and the hardworking farmers.

The Management of COCOBOD with the support of the Government remains very committed to rolling out policies and interventions that aim at improving the standard of the cocoa farmer.

 

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Rawlings Denies Investing In Menzgold

Next Post

Police Criticised For Aiding Land Guards To Demolish Offices Of Musteck Engineering

News Desk

News Desk

Related Posts

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine
News

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

March 5, 2021
Election 2020…  STAMPPED,  NO RE-RUN!
Politics

Election 2020… STAMPPED, NO RE-RUN!

March 5, 2021
Mahama Prays For Sierra Leone  …Denies Election Rigging Allegations
National

…But Mahama Disagrees

March 5, 2021
“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT”  – PRESIDENT AKUFO-ADDO
National

Gborbu Wulomo Commends Nana Addo… Over Stance On LGBTQI

March 4, 2021
Sack Osei Ameyaw & Deputy…NLA Staff, LMCs Demand…as they embark on demonstrations
National

Sack Osei Ameyaw & Deputy -GYA Urges President

March 4, 2021
News

Consider The Life Of Passengers -Adai Nimo Tells Drivers

March 4, 2021
Next Post
Police Criticised For Aiding Land Guards To Demolish Offices Of Musteck Engineering

Police Criticised For Aiding Land Guards To Demolish Offices Of Musteck Engineering

Number 12:  Drama In Court Over Anas, Kennedy Agyapong Case

Anas' key partner shot dead

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine

7 hours ago
Election 2020…  STAMPPED,  NO RE-RUN!

Election 2020… STAMPPED, NO RE-RUN!

7 hours ago
Mahama Prays For Sierra Leone  …Denies Election Rigging Allegations

…But Mahama Disagrees

7 hours ago
“SAME-SEX MARRIAGE WILL NEVER BE LEGALISED IN MY TIME AS PRESIDENT”  – PRESIDENT AKUFO-ADDO

Gborbu Wulomo Commends Nana Addo… Over Stance On LGBTQI

20 hours ago

BROWSE BY CATEGORIES

  • Africa
  • Apps & Software
  • Business
  • Culture
  • Entertainment
  • Health
  • Lifestyle
  • More News
  • myblog
  • National
  • News
  • Opinion
  • Politics
  • Reviews
  • Social Media
  • Sports
  • Tech
  • Travel
  • World
  • Your News

BROWSE BY TOPICS

2018 League Africa airbus Amidu Anas Australia Balinese Culture Bali United Budget Travel Champions League China Chopper Bike coronavirus corruption Cuba Côte d’Ivoire Ebony EC Election Results entertainment Europe France galamsey Germany Ghana India Iran Israel Liberia NDC News North Korea NPP People Portugal Reviews Russia South Africa South Korea Spain Tech UK world Woyome Zimbabwe
ADVERTISEMENT
The New Crusading Guide Online

The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news

Follow us on social media:

Recent News

  • Addressing The Vaccine Myth: I Am Prepared To Take The Vaccine
  • Election 2020… STAMPPED, NO RE-RUN!
  • …But Mahama Disagrees
  • Gborbu Wulomo Commends Nana Addo… Over Stance On LGBTQI
  • Sack Osei Ameyaw & Deputy -GYA Urges President

Special Links

  • Submit article
  • Your News
  • Advertise
  • My LiStingGh

Quick Links

  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About
  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

No Result
View All Result
  • Home
  • Politics
  • Science
  • News
  • World
  • Business
  • National
  • Sports
  • Entertainment
  • Lifestyle
  • Travel
  • Opinion
  • Tech

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?