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Ghana increases Cocoa producer price to GHS800 for 2022/23 crop season

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Ghana has increased its cocoa producer price from GHS660 to GHS800 per bag for its 2022/23 crop, said Dr Owusu Afriyie Akoto, the Minister of Food and Agriculture in Accra, on Wednesday.

The new farmgate price which represents a 21% enhancement of the 2021/22 rate takes effect Friday, 7 October 2022.

Ghana Cocoa Board thus will be buying a tonne of the key chocolate ingredient from farmers at GHS12,800 per tonne representing 89.99% of the net FOB value.

The announcement comes after Ghana’s neighbour Ivory Coast raised its cocoa producer price by 9% from 825CFA to 900CFA ($1.33) per kilogram last Friday, 30 September 2022.

The just-ended cocoa year was projected by the International Cocoa Organisation (ICCO) to record a 230,000-tonne global supply deficit, driven mainly by climate change-induced drought and strong winds in West Africa.

Ghana’s cocoa sector regulator Cocobod earlier said its data indicated a 34 per cent slump in output for the first six months of the 2021/22 season compared to the same period the previous year.

According to the Board, a double whammy of drought and illegal gold mining has forced it to revise downward its 850,000MT production target for the year to 650,000MT, with an estimated loss of $350 million in revenue projections.

More than 19,000 hectares of vibrant cocoa farms are confirmed to have been destroyed by illegal gold mining (galamsey) activities, which is feared to worsen as cocoa farmers frustrated by low prices sell out farmlands.

A prevailing economic crisis in the West African country coupled with fertilizer shortages caused by the Russian-Ukraine war is predicted to negatively impact the crop output 2022/23 season.

Meanwhile, ahead of the announcement a cross-section of Ghanaian cocoa farmers put up a spirited demand for better prices citing the high cost of living, input price hikes and the depreciation of the local currency – the Ghana Cedi.

The Ghana Civil-society Cocoa Platform (GCCP) backed the calls with a proposal for a minimum GHS838 producer price for the 2022/23 harvest.

On the other hand, cocoa authorities in Cote d’Ivoire and Ghana have in recent times had to contend with heavy discounting of their origin premiums into negatives, completely erasing the effect of the $400 LID designed to tackle extreme poverty among cocoa farmers.

A joint body spearheading the interests of the two countries in the cocoa industry, Cote d’Ivoire – Ghana Cocoa Initiative (CIGCI), in May took a drastic step to publish origin differentials paid by buyers of their cocoa.

In a follow-up action in July, CIGCI and the cocoa regulatory authorities in both countries summoned buyers and chocolate companies to Accra, where they raised the issue for settlement.

The top two cocoa-producing nations in the world have since resolved to only sell their cocoa with positive country differentials, a market premium earned for the quality of produce.

Ghana’s regulator Cocobod revealed in July that it has been accumulating $400-million per annum debt in order to maintain farmgate prices at acceptable levels, as premiums are completely eroded and world market prices tumble.

 

Source | Thecocoapost.com

 

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National: 2023 Budget: TUC to reject government’s salary projection of ₵44.9m

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Deputy-General-Secretary-of-the-Trades-Union-Congress-TUC-Joshua-Ansah

After several attempts to reach an agreement with government over an increment in their base pay, the Trades Union Congress (TUC) is expected to meet government on Wednesday to finalise a deal.

But before that meeting gets underway, the Trades Union Congress is warning that it will not accept government’s projections in the 2023 Budget.

The Finance Minister, Ken Ofori-Atta, reading the 2023 Budget in Parliament projected compensation of employees at GH¢44,990 million (5.6% of GDP).

Earlier, government also proposed a 12% salary increment during the last negotiation with Organised Labour but it was turned down.

 

Speaking on JoyNews’ PM Express on Tuesday, Deputy General Secretary of TUC, Joshua Ansah stated that they would not agree to the projected figure.

According to Mr Ansah, government must expect a fight if they turn up at the meeting with the same proposal.

JoyNews/AdomNews · TUC to reject government’s salary projection in 2023 Budget
“There is no way Organised Labour is also going to accept what has been put in the budget. Well, if the government has made up its mind that it is the way it thinks that he can actually force down the throat of workers, then we are in for a big fight, because there is no way government can pay anything below what we are expecting,” he said.

He noted that Organised Labour will not compromise on their demand for 60% increment in their base pay.

Meanwhile, the President of the Ghana Medical Association, Dr. Justice Yankson says government has created a problem by not reaching an agreement with the labour unions earlier.

JoyNews/AdomNews · Dr Yankson on organised labour and government’s negotiations
He believes the current mess could have been prevented.

“These are some of the problems that sometimes we create for ourselves. We had a whole period in which we could have sorted these things, we waited to the last end. Now we can see that we are on a collition course, it is clear,” he said.

Source: Myjoyonline

 

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Politics: Wenchi High Court throws out petition against NPP MP’s 2020 election victory

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A Wenchi High Court has thrown out a petition against New Patriotic Party (NPP) legislator in the Techiman South 2020 election.

The petitioner was seeking the nullification of the poll which saw the NPP candidate, Martin Agyei Mensah Korsah, emerge victorious.

But at the hearing Wednesday, the court explained that the NDC 2020 Parliamentary candidate, Christopher Bayere, who was pursuing the matter, failed to prove the burden of petitioning.

The court was attended by some leaders of the NDC including General Secretary, Johnson Asiedu Nketia.

Wenchi High Court throws out petition against NPP MP’s 2020 election victory
He was sighted leaving the court premises a few minutes before the judgement.

The NDC Parliamentary candidate had contested the EC’s verdict which gave the NPP’s candidate victory with 49,682 votes representing 50.2 percent of the total valid votes cast, whilst the NDC’s candidate had 49,205 votes representing 49.8 percent of the total valid votes cast.

The NDC Parliamentary candidate insisted that the figures were not a true reflection of the election.

According to him, per the pink sheets of the NDC agents at each of the 267 polling stations, he garnered 50,306 votes in the Parliamentary election whilst the 1st Respondent polled 50,013 votes.

Wenchi High Court throws out petition against NPP MP’s 2020 election victory
Electoral Commission fined in 2021

In August 2021, the Electoral Commission of Ghana was fined GH¢4,000 by the court after the Court refused to grant the EC’s request for a stay of proceedings in the dispute on July 30, 2021.

Wenchi High Court throws out petition against NPP MP’s 2020 election victory
The EC’s application for a stay of proceedings was to enable it to file a motion to challenge the ruling of the Court at its previous sitting, when it granted the petitioner a motion to amend the title of the writ.

TCounsel for the EC, Emmanuel Addae said the stay of proceedings was to enable him to file supplementary statements in support of the application filed by the National Democratic Congress (NDC) candidate, Mr Christopher Beyere Baasongti.

However, reacting to the EC’s stay of proceedings, the Counsel for the petitioner, Justin Teriwajah argued that the motion was frivolous and unnecessarily geared towards delaying the adjudication of the case.

Source: Myjoyonline

 

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Football: Asamoah Gyan’s run, Bagbin’s dance and Black Stars fans’ clean-up as fans celebrate S. Korea win in style

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It was the much-needed win for Ghanaians who were largely sitting on tenterhooks for the final quarter of the game.

And from the reactions, after the South Koreans netted a quickfire double between the 58th and 61st minutes, something had to definitely happen.

Kudus rose to the occasion, found himself at the end of a Gideon Mensah cross and curled the ball past the goalkeeper to restore Ghana’s lead and eventually sealed the game for Black Stars.

Asamoah Gyan’s run, Bagbin’s dance and Black Stars fans’ clean-up as fans celebrate S. Korea win in style
The 68th-minute winner triggered a thunderous celebration across the country and on social media.

Despite late attempts from the Koreans, the game ended 3-2 with Ghana earning a vital win in Group H.

Asamoah Gyan’s run, Bagbin’s dance and Black Stars fans’ clean-up as fans celebrate S. Korea win in style
Alban Bagbin

The jubilation started right from Ghana’s legislative arm where the Speaker, Alban Bagbin was caught on camera dancing to one of the goals on the day from his office.

The ecstatic Speaker punched the air while clad in his Black Star jersey in the company of other officials of the House.

Asamoah Gyan runs

Former Black Stars captain, Asamoah Gyan was on punditry duty at SuperSports TV.

However, the ethics of being on a live set could not suppress his excitement when the deciding goal was scored.

Filled with elation, the former skipper run out of the set in jubilation shouting atop his voice.

His iconic goal celebration was his response when asked about his reaction to some moments of the game.

Fans in clean-up mode

Now, supporters of Japan’s national team have been earning praise in Qatar for their zeal toward cleanliness after each game.

This win seems to have presented Ghanaian fans with the opportunity to emulate this off-pitch tradition.

While many celebrated the win at full-time, other fans were seen moving boxes around to collect the waste left by their colleagues.

South Korea’s Son not in selfie mood

Another interesting sight came from an official from the Ghana dressing room posing for a selfie.

The subject Son Heung-min was almost in tears after his team lost at full-time.

Otto Addo’s side will now face Uruguay in their last game looking to secure qualification to the next stage of the competition.

Source: Myjoyonline

 

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