The CEO of Ghana Cocoa Board (Cocobod) Joseph Boahen Aidoo has reiterated government’s resolve to ensure cocoa farmers benefit from their toil.
Ghana and Cote d’Ivoire produce about 65% of the world’s cocoa but do not have effective control over the international price. The two countries through their respective cocoa institutions have agreed to adopt common policies on the marketing, storage, processing and promotion of local consumption of cocoa.
Additionally, Ghana and Cote d’Ivoire pledged to put in place a common strategy, including the need to converge towards a harmonised and consolidated price to be paid to farmers, to contribute to the eradication of the smuggling of cocoa.
Speaking at a joint Ghana – Cote d’Ivoire technical committee meeting ongoing in Accra, Mr. Aidoo lamented the breakdown of such talks in the past, promising this round of talks will be sustained with a positive outcome.
“Our commitment in the past months has shown that we are up to the challenge and today’s meeting is another clear indication of our preparedness to make a difference,” Mr. Aidoo stressed.
He added: “I know, there has been a previous attempt between the two countries in the past that aimed at the same cause as today but fizzled out along the line. We cannot afford to make this another series of talk-shop.”
Mr. Aidoo was full of praise to Presidents Akufo-Addo and Quattara for initiating “this bilateral engagement and for their strong commitment to the good of the cocoa industry.”
“The essence of this continuous dialogue cannot be over emphasized considering the huge fall (40%) we have experienced in the price of cocoa in the past year, thus breaking the backbones of the economies of our two countries.
“The call is on us, and the challenge is ours to find an antidote to the poor reward our farmers receive despite their huge contributions to the chocolate industry.
“As producers of about 65% of the world’s cocoa, we (Ghana and Côte d’Ivoire) must take leadership role in ensuring fair farm gate price and sustainable cocoa industry,” the Cocobod CEO opined.
He added: “The time to realize our vision is now. Let us enter our group discussions with the mindset of coming out with solutions to better the lots of our farmers; solutions that will guarantee them at least living incomes; and solutions that will give hope to the next generation of cocoa farmers. Let us make a difference. Let us go for it.”
Public institutions, others receive over Ȼ80,000 investment from Polytank Ghana
More than ten thousand Ghanaians in various communities and public institutions have benefited from Polytank Ghana’s policy of helping improve access to water.
Spending over Ȼ80,000 in tank donations to marginalized areas and groups, Polytank Ghana’s benevolence has impacted institutions as the Ghana Prisons Service, the Ghana Police, some Fire Service stations, Educational institutions, international NGOs, rural communities, among others.
Being the lead producer of durable water storage tanks in Ghana, Polytank believes that access to clean water for all humans must be viewed as a right.
The role of clean water in ensuring good health, proper sanitation and improved livelihoods is a daily reality.
Polytank Ghana, a subsidiary of the Mohinani Group has adopted as a cardinal principle, a quote former UNSecretary-General, Kofi Anan, who said: “Access to safe water is a fundamental human need and therefore a basic human right”.
Executive Director of the Group, Mr. Ashok Mohinani, emphasised: “the Group’s commitment to assist the government meet the global climatic challenge of ensuring sustainable access to clean water, is a way of giving back to the communities in which we operate.”
“Water is not just life but a basic human right which needs to be preserved and not wasted. Our business Group gives these storage tanks to people who have limited access to clean water in order to manage the little they have to consume”.
He said: “It is our hope that these gestures will go a long way to improve the health and general wellbeing of the beneficiaries.”
“As we mark World Water Day today, we are happy to reiterate our company’s commitment to invest in quality and affordable water management products that will help ensure that more Ghanaians have improved access to clean water always no matter where you live”.
Touching on this year’s theme, “Nature For Water,” Mr. Mohinani encouraged all Ghanaians to desist from actions that have adverse effects on the country’s freshwater resources, pledging the company’s resolve to adopt more environmentally friendly methods in it operations.
BREAKING NEWS: BoG takes over Unibank
The Bank of Ghana has announced it has taken over the management of private bank, Unibank.
The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.
Ernest Addison said the bank, last year, provided inaccurate data during the central bank’s effort to resolve the problems
He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”
The take-over comes weeks after Unibank announced it was taking over adb.
Facebook’s value plunges $37bn on data controversy
Facebook shares took a big hit Monday, shaving about $37 billion off the value of the company.
The stock tumbled about 7% Monday on news that data firm Cambridge Analytica, which had ties to Trump’s campaign, reportedly accessed information from about 50 million Facebook users. This is the stock’s biggest drop, on a percentage basis, in four years.
Even after Monday’s plunge, Facebook is still one of the nation’s most valuable companies, with a market cap of about $500 billion. It’s behind only Apple (APPL), Google parent Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT) and about even with Berkshire Hathaway (BRKA).
Mark Zuckerberg holds about 400 million shares of Facebook (FB), and his net worth plunged by about $5 billion Monday afternoon. Shares closed the day down $12.53.
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