Income

Ghana's cocoa farmers pension scheme is said to commence operations by October 2021 with the onboarding of some 1.5 million farmers. The National Pensions Regulatory Authority (NPRA) says it has been working at the modalities for…
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World's number one cocoa beans producer - Ivory Coast - has reduced its farmgate price for the commodity by 9 percent, according to International Cocoa Organisation (ICCO)'s Cocoa Market Report for March 2021. This price reduction means…
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There is a lot of money in chocolate but the producers of the raw material see very little of it. Last year the retail industry was worth $107bn (£78bn), according to one projection, but Ghana - the world's second-largest cocoa…
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On July 6, 2020 we carried an article by our UK-based contributor, Kwame Asamoah Kwarteng, titled "Is Fairtrade Fair To Cocoa Farmers", which has generated quite a debate on and off our platform. Fairtrade West African Network has taken…
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Research conducted by the Stanbic Bank Research Team has revealed that out of Ghana’s estimated production of 812,000 tons of cocoa beans, only 30 percent is processed locally although the country’s installed capacity for processing the…
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"To set the context right, the Cocoa-Chocolate industry is worth US$131bn yet when you break it down, the smallholder cocoa farmers who own est. 4,500,000 cocoa farms in the world with over 36,000,000 dependents are given only 6% to 6.6% of…
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Cocoa is of critical importance to the Ghanaian economy, hence the effects of low income with farmers isn’t just seen as a threat to their livelihoods but also a threat to the economy. So, the objective of protecting the economy and the…
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