Ghana to establish pension scheme for cocoa farmers
London, Nov. 6, 2020 (AltAfrica)-Ghana is planning to establish a functional and enduring pension scheme for cocoa farmers who are one of the wealth creators of the west African country.
The contribution of cocoa industry to the Ghanaian economy is significant employing approximately 800,000 farm families and generating $2 billion annually through foreign exchange of export crops
Ghana Vice President, Dr Mahamudu Bawumia who made this known when he addressed a durbar of Chiefs and people of Santrokofi, Lolobi, Likpe and Akpafu Traditional Areas as part of his tour of the Oti Region said like teachers and other workers who enjoyed retirement benefit, the government wanted the farmers to enjoy a good life after they could no longer work on their farms.
Cocoa is the largest agricultural export commodity in Ghana. The country’s cocoa exports, though fluctuating has steadily increased from 239 thousand tonnes to 526 thousand tonnes between 1995 and 2013.
This represents an annual export increase by 120%, and an average year-over-year export increase of 5.7%
During the tour, Dr Mahamudu Bawumia cut the sod for the construction of two new critical roads in the Western Region, which are being funded by the Ghana Cocoa Board (COCOBOD) under the Cocoa Roads Programme.
As part of the construction, the cocoa roads which are over 120 kilometres long, are being upgraded from their present rugged and narrow feeder roads state to 10.3-metre-wide modern carriage highways.
Speaking at the sod-cutting durbar, Dr Bawumia said, when completed the road will act as a catalyst for the socio-economic growth of the various towns along the road. It will improve the riding quality of the road and reduce vehicular operating and travel time.
He added that, accidents and vehicular breakdowns due to the present bad condition of the road will be reduced, hence, the safety of lives and property will be enhanced. Also, in case of an emergency, there will be a good road to transport people (especially pregnant women and accident victims) to nearby hospitals.