• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Ghana to Invest into Yam Production
    Africa Cloud Ecosystem Project: Phase one Launched
    Reserve Bank of Zimbabwe has Initiated Gold Coins to be Sold to the Public in a bid to Repress Uncontrolled Inflation
    Dangote Industries Completes Issuance of $452 Million Bond
    Over $1 billion Approved by the African Development Bank to Fast Track Food Production Plan
    Travel and Tourism Industry in Nigeria to Grow Exponentially Over the Next Decade, Report
    Foundation Improves Agricultural Productivity in West African Sub-Region
    Angola to Expand Oil Refinery Capability
    …Wheat Costs Rise Ivory Coast visions Cassava for its Bread
    Ghana generates US$3.3 Billion From Non-Traditional Exports in 2021, Report

    World Largest Cocoa Producers, Ivory Coast and Ghana, Initiate Joint Body to Coordinate Cocoa Policies

    Posted On 27 Aug 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Richard Adorsu-

    Photo Credit: Global Trade Review

    NEW AFRICA BUSINESS NEWS (NABN) Accra– World’s two largest cocoa producers, Ivory Coast and Ghana have initiated a joint body to improve coordination in research, price setting and the fight against child labor, the Ivorian government said in a statement. Both countries, produce around 60% of the world’s cocoa, have coordinated on some of those issues before, but the new organization marks a formal step towards closer ties.

    Ivory Coast-Ghana Cocoa Initiative (ICCIG) will promote their cocoa industries internationally and defend their collective position in the global market, the Ivorian government said in a statement.

    The organization will allow the two countries to formalize an agreement started three years ago whereby they both announce farm gate prices at the start of the growing season of Oct. 1, a measure aimed at reducing smuggling across their shared border.

    Last year they raised the guaranteed price they pay cocoa farmers to around $1.50 per kilogramme for the 2019/20 main crop harvest. They also introduced a minimum price floor to address a perceived imbalance between farmers’ incomes and money made by big commodities traders.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    Cocoa farmers in West Africa face poor productivity due to constraints at the crop, field, farm and sector level. To ensure farmers’ livelihoods, yields need to increase sustainably. A research will investigate the effect of field level practices on cocoa productivity. The suitability of different practices for different smallholder farm systems will be explored. Effective delivery of the services supporting these practices will be co-developed with public and private partners. This project include“Cocoa crop improvement, farms and markets, in science-based approach to sustainably improving farmer food security in Ghana and Ivory Coast” aims for science-based, sustainable intensification of cocoa production assuring high and stable production now and under future climate change and policy scenarios.

    The objectives are to develop methods to examine cocoa response to nutrients in monocultures and agroforestry systems, underpinning fertilizer recommendations. Develop crop growth models as explorative tools for improving and innovating cocoa production now and in the future. Develop models that explore feasible, sustainable and robust technologies at farm level. Co-develop models for effective public and private service delivery at scale fitting the complexity of the cacao sector in Ghana and Ivory Coast.

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News Person of the year 2020
    Start Voting for New Africa Business News Person of the year 2020. Nomination Starts July 04 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. New Africa Business News Person of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia,  Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. Africa President of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

    HELP FIGHT CLIMATE CHANGE
    United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org 

     

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    $450 Million Bargain Rivets Burkina Faso and the United States Government‘s Millennium Challenge Corporation in a Blueprint to Bolster Access to Electricity

    Next Story

    Liquid Telecom to Speed up Kenya’s Digital Revolution with Azure Stack Cloud Solutions

    12 Comments

    1. Samukelisiwe August 27, 2020 at 3:00 am Reply

      Thank you for reporting. If Ghana and Ivory Coast produce around 60% of the world’s cocoa, not including other countries within the continent that also produce cocoa. Why don’t we Africa set the price of cocoa? Johannesburg South Africa. Samukelisiwe

      • New Africa Business News, Staff Correspondent August 27, 2020 at 3:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Cleopatra August 27, 2020 at 3:15 am Reply

      Great reporting. I love Africa produce chocolates. Cocoa producing countries in the continent, I bet they do know the problems. It would be taken care of. Addis Ababa Ethiopia. Cleopatra

      • New Africa Business News, Staff Correspondent August 27, 2020 at 3:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Phoebe August 27, 2020 at 3:29 am Reply

      All these raw cocoa from the continent, should not be exported. Time to do all the finishing products. Thank you for reporting. Lagos Nigeria. Phoebe

      • New Africa Business News, Staff Correspondent August 27, 2020 at 3:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Aicha August 27, 2020 at 3:36 am Reply

      Follower of your online newspaper on face book. Please continue feeding us with news all over the continent. Thank you. Paris France. Aicha

      • New Africa Business News, Staff Correspondent August 27, 2020 at 3:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Nedege August 27, 2020 at 3:47 am Reply

      We export the raw materials for cheap to them and buy the finish products extremely expensive, from them. Time to do the finishing products and lift our people out of poverty. AND MAKE AFRIKA GREAT AGAIN Yaoundé Cameroon. Nedege

      • New Africa Business News, Staff Correspondent August 27, 2020 at 3:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Immaculee August 27, 2020 at 3:53 am Reply

      Thank you for your reports. Am a fan. Love reading your reports. Kigali Rwanda. Immaculee

      • New Africa Business News, Staff Correspondent August 27, 2020 at 3:57 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Ghana to Invest into Yam Production

    Posted On 05 Aug 2022

    Africa Cloud Ecosystem Project: Phase one Launched

    Posted On 02 Aug 2022

    Reserve Bank of Zimbabwe has Initiated Gold Coins to be Sold to the Public in a bid to Repress Uncontrolled Inflation

    Posted On 28 Jul 2022

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Facebook

    Latest Posts

    Ghana to Invest into Yam Production

    Africa Cloud Ecosystem Project: Phase one Launched

    Reserve Bank of Zimbabwe has Initiated Gold Coins to be Sold to the Public in a bid to Repress Uncontrolled Inflation

    Recent Posts

    • Ghana to Invest into Yam Production
    • Africa Cloud Ecosystem Project: Phase one Launched
    • Reserve Bank of Zimbabwe has Initiated Gold Coins to be Sold to the Public in a bid to Repress Uncontrolled Inflation
    • Dangote Industries Completes Issuance of $452 Million Bond
    • Over $1 billion Approved by the African Development Bank to Fast Track Food Production Plan

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.