Business News of Wednesday, 16 October 2024

Source: gbcghanaonline.com

Ghana partners Côte d'Ivoire to improve cocoa pricing regime

COCOBOD CEO, Joseph Boahen Aidoo COCOBOD CEO, Joseph Boahen Aidoo

Ghana Cocoa Board (COCOBOD) says it has put in place measures to modernize the country’s cocoa industry through the introduction of the Cocoa Management System (CMS).

The CMS, developed in 2019, is an integrated database aimed at improving policy-making, traceability, and the efficient delivery of interventions to the cocoa sector.

Addressing the media in Accra, the Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo stressed the importance of the system in transforming the sector.

He said one of the first key steps was registering cocoa farmers into a centralized database. Currently, 792,954 cocoa farmers and their households have been successfully registered, and over 1.2 million hectares of cocoa farms have been mapped.

According to Mr. Boahen Aidoo, the initiative marks a major step forward in COCOBOD’s efforts to improve oversight, accountability, and service delivery in the cocoa sector, setting a new benchmark for sustainable cocoa production in Ghana.

Mr. Boahen Aidoo highlighted joint measures put in place by Ghana and Côte d'Ivoire to improve the pricing system of cocoa.

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