info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Ghana Web
The Alliance for Development and Industrialization (ADI) makes an initiative to establish a US$1billion commodity diversification and alternative livelihood for cocoa farmers.
This commodity diversification could triple the country’s agriculture export income within 3 to 4 years.
As the country’s export earnings increases it would stabilize the fiat currency, which is the cedi, as well as improve the lives of the people and also guarantee food sufficiency.
The government this week maintained the FOB price for cocoa for the next crop season which has generated a lot of backlash.
ADI believes that this US$1billion commodity diversification and alternative livelihood initiative for cocoa farmers, which could be done through Private Commercial Cocoa Management Company, (PCMC), would supplement and improve the income for farmers.
Cocobod in partnership with the famers would integrate the services of PCMCs and these companies would have a clear mandate of facility technology and provides services like automated farm management services.
The government should consider investment in seed material multiplication and distribution to increase output for commodities like avocado, cashew. It is estimated that only 150, 000 hectares of avocado can generate more revenue than cocoa.
"So the government would partner with the private organizations in the cocoa production while farmers could now concentrate on their alternative livelihood", ADI said in a statement issued in Accra.
