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Burkina Faso and Togo are selling cocoa grown in Ghana, as increased smuggling costs COCOBOD $600 million

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In addition, former President John Mahama condemned the rise as grossly inadequate in a statement. He went on to say that it is a swindle of industrious cocoa producers. Mr. Mahama said that, with the international market price of cocoa hitting a 46-year high of $3,600, the government should have paid cocoa farmers a more equal portion of the international FOB price.

Ghana’s financial situation COCOBOD is in critical condition and requires immediate surgery to resurrect the once vivacious being.

JoyNews is gaining knowledge. COCOBOD lost over 600 million dollars, or 150 thousand metric tonnes, in the previous harvest season owing to cocoa bean smuggling to neighbouring Burkina Faso and Togo, which made them exporters of cocoa they did not produce.

According to Bryan Acheampong, Minister of Food and Agriculture, the situation has left several cocoa storage facilities vacant.

“I reported last time that because of pricing, we started smuggling on our eastern and western borders. Even our northern borders, we suffered cocoa smuggling – Burkina Faso does not produce any cocoa at all, not even one grain yet Burkina Faso was exporting cocoa.

“Togo does not produce cocoa, Togo is now exporting cocoa from the eastern corridor, all the way from the north to the south.”

“During the rainy season, we had a drop of 85% of cocoa expected from the communities,” he continued. This is cocoa in which we have made significant investments.”

To combat smuggling, President Akufo-Addo set a new producer price over the weekend, the highest in the sub-region.

The president said at a meeting in Tepa, Ashanti Region, that the new producer price per bag of cocoa will be GH1,308.

He added that, until recently, international cocoa prices had remained extremely low, exacerbated by COVID-19.

Despite this, COCOBOD and the government have made the difficult choice to raise the producer price of cocoa.

“Cocoa prices have increased from GH¢7,600 per tonne in 2016, to GH¢12,800 per tonne in 2022, a significant increase of 68%. This has had an adverse impact on COCOBOD’s financial performance,” he said.

Recognising that the sustainability of the entire cocoa industry is dependent on a well-paid producer who is willing to invest in the business only with the certainty that the government will pay the appropriate price, the President stated that the government has increased the producer price in order to keep its promise to cocoa farmers.

President Akufo-Addo stated that the government has “increased cocoa prices from GH12,800 per tonne to GH20,943 per tonne, or GH1,308 per bag.”

“That price is seventy-five per cent (70.5%) of the Gross FoB price, which equates to $1,821 per tonne.”

According to the President, this is the highest price paid to cocoa growers in West Africa in 50 years.

With expected consistent prices over the $2,600 mark, the government will continue to reward our farmers with fair payments in the coming years. Indeed, brighter times are on the way.”

However, some cocoa producers are dissatisfied with the increased price.

According to Oboadie Nana Boateng Bonsu, President of the Concerned Farmers Association, farmer demand extends beyond money.

“The interventions, welfare, and other benefits that cocoa farmers are expected to receive are not being provided; we have a very poor network… The 1,330, which I believe is peanut, will accomplish nothing and will not deter cocoa traffickers from smuggling their cocoa.”

In addition, former President John Mahama condemned the rise as grossly inadequate in a statement.

He went on to say that it is a swindle of industrious cocoa producers.

Mr. Mahama said that, with the international market price of cocoa hitting a 46-year high of $3,600, the government should have paid cocoa farmers a more equal portion of the international FOB price.

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The traumatic experience of a Ghanaian bisexual

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According to him, these attacks have become more intense this year as a result of Ghana's parliament passing anti-LGBTQ+ legislation. Ibrahim was attacked just as arguments around the passing of the Human Sexual Rights and Family Values Bill heated up, and he was attacked again shortly after the bill was passed in February. The first incident happened on January 22nd, about 5 p.m., near the Sen Cinema Mosque in Alajo North, Accra. Ibrahim was the target of another violent attack four months later, on April 12, 2024, during the 3music Sallafest Concert at Alajo T Junction in Accra.

A Ghanaian man, using the alias Ibrahim for safety concerns, has boldly told his tragic story of being repeatedly assaulted in his community because of his sexual orientation.

Ibrahim, a Muslim, has described being targeted several times by assailants in his community over the years.

According to him, these attacks have become more intense this year as a result of Ghana’s parliament passing anti-LGBTQ+ legislation.

Ibrahim was attacked just as arguments around the passing of the Human Sexual Rights and Family Values Bill heated up, and he was attacked again shortly after the bill was passed in February.

The first incident happened on January 22nd, at about 5 p.m., near the Sen Cinema Mosque in Alajo North, Accra.

Ibrahim was the target of another violent attack four months later, on April 12, 2024, during the 3music Sallafest Concert at Alajo T Junction in Accra.

Ibrahim claims that the assaults were motivated by his sexual orientation, which had previously gone unnoticed in his society.

Ibrahim has resorted to secluding himself within for protection since he lives in constant fear of additional attacks.

He laments the absence of a support network in his village, with just a few understanding people living outside its borders.

However, the dread of repercussions keeps him from finding consolation or company outside of his close environs.

In an exclusive interview, Ibrahim described his terrible sense of loneliness and the psychological toll of the ongoing danger of violence.

He must navigate his everyday existence beneath the shadow of dread, unable to freely interact with the world around him for fear of serious bodily damage.

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Power interruptions damage our enterprises; release dumsor schedule – GUTA

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GUTA is asking answers from ECG about the true reasons of the unpredictable power outages, measures to resolve the issue, and a deadline for resolution. They also requested ECG to publish a timeframe for load-shedding so that companies may organise their activities appropriately. Because of the unpredictability of power outages, many shop owners have turned to generators, which has resulted in rising fuel costs to keep them operating during outages.

The Ghana Union of Traders’ Associations (GUTA) has joined demands for the Electricity Company of Ghana (ECG) to produce a load-shedding schedule, citing the persistent power outages that are badly impacting companies and livelihoods across the nation.

GUTA issued a statement emphasising the considerable impact of the power outages on many sectors, including agriculture, trade, and industry.

According to them, firms are struggling to meet production schedules and prepare for their personnel as a result of the irregular power supply, which raises production costs and degrades living conditions.

Traders, store owners, wholesalers, tailors, dressmakers, electricians, and other artists are also suffering business losses as a result of the “Dumsor phenomenon.”

GUTA is asking for answers from ECG about the true reasons of the unpredictable power outages, measures to resolve the issue, and a deadline for resolution.

They also requested ECG to publish a timeframe for load-shedding so that companies may organise their activities appropriately.

Because of the unpredictability of power outages, many shop owners have turned to generators, which has resulted in rising fuel costs to keep them operating during outages.

Click here to read the statement

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The Foreign Affairs Ministry cautions against travelling to Northern Mali

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"The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course," the statement went on to say. The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

The Ministry of Foreign Affairs and Regional Integration has advised Ghanaians not to travel to certain areas of Northern Mali.

In an official statement, the Ministry underlined recent security concerns along critical routes connecting Mali and Niger, notably in the Gao and Ansongo regions of Northern Mali.

The Ministry mentioned incidents of terrorist activity targeting travellers along these routes.

“The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course,” the statement went on to say.

The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

Find the statement below:

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