Ghana, Cote D’ivoire Sign “Abidjan Declaration” On Cocoa

Efo Korsi Senyo
By
Efo Korsi Senyo
Managing Editor
Efo Korsi Senyo is the Founder and Executive Editor for AN Network - publishers of Awake News, Awake TV and Awake Africa Magazine. He founder Awake...
3 Min Read
Disclosure: This website may contain affiliate links, which means I may earn a commission if you click on the link and make a purchase. I only recommend products or services that I personally use and believe will add value to my readers. Your support is appreciated!

Ghana and Cote d’Ivoire have resolved to address the challenges of the cocoa sector, within the framework of the implementation of the Strategic Partnership Agreement which links the two countries, by signing the “Abidjan Declaration.”

With the two countries responsible for 60% of the world’s cocoa output, fluctuations of cocoa prices on the international market, marked by a [ads1]fall of around 20% in 2017, have impacted negatively on the revenues of millions of cocoa farmers, as well as on the budgetary revenues of the two countries.

- Advertisement -

It is for this reason that President Akufo-Addo and His Excellency Alassane Ouattara, President of Cote d’Ivoire, on Monday, 26th March, 2018, held a consultation devoted to the cocoa economy, and, subsequently, signed the “Abidjan Declaration.”

Reading out the communiqué, the Minister for Trade and Industry, Alan Kyerematen, who accompanied President Akufo-Addo to the bilateral discussions, stated that the Declaration is aimed at “better defending the interests of cocoa producers, as well as the economies of both countries.”

To this end, President Akufo-Addo and President Alassane Ouattara have reaffirmed their commitment to define a better, common strategy and a sustainable solution for the improvement of prices for cocoa producers, in their respective countries.

- Advertisement -

They also committed themselves to harmonizing their cocoa marketing policies, and agreed to announce, every year, in a concomitant manner, and before the beginning of the campaign, the price to cocoa producers.

Additionally, Ghana and Cote d’Ivoire have also agreed to intensify collaboration, in the field of scientific research for the production of cocoa plants, the improvement of plant varieties, and also to adopt and implement a regional programme to fight against the swollen shoot disease.

A commitment by the two countries to process a major part of cocoa, and the invitation of the private sector, notably the African private sector, to invest massively in cocoa processing in Africa, was also reached.

- Advertisement -

In concluding, President Akufo-Addo and President Alassane Ouattara reaffirmed their commitment to promote jointly the consumption of cocoa on local, regional and emerging markets, and agreed that consultation between Ghana and Cote d’Ivoire, on the management of their cocoa sectors, should be done on a regular basis.

Share This Article
Managing Editor
Follow:
Efo Korsi Senyo is the Founder and Executive Editor for AN Network - publishers of Awake News, Awake TV and Awake Africa Magazine. He founder Awake in 2012 and served as the Chief Editor until 2022. He is a businessman and investigative journalist. Email: talktosenyo@gmail.com
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *