General News of Tuesday, 14 January 2020Source: www.ghanaweb.comGhana-Ivory Coast cocoa cartel is already yielding dividends – Akufo-Addoplay videoPresident Nana Addo Dankwa Akufo-AddoIvory Coast and Ghana who produce more than 60% of the world’s cocoa, have banded together to form a cartel and this president Akufo-Addo says is already paying off. Akufo-Addo told a gathering at the 71st New Year School and Conference at the University of Ghana, that he was enthusiastic about the cocoa alliance creation. This he believes will champion the interest of cocoa-producing countries and to alleviate the dire poverty of cocoa farmers. “Our cocoa farmers get less than 10 percent of the value of a bar of chocolate and yet cocoa is the main ingredient for chocolate. He said the pushback from the western media and the “cocoa cartel” label will not derail the well-intended attempts to raise the living standards of cocoa farmers.

Source: GhanaWeb January 14, 2020 16:52 UTC