Ghana: Cocoa Farmers to Get 70 Percent Price Guarantee · Govt Pushes Law to Improve Earnings – President Mahama

President John Dramani Mahama has announced that a new bill will soon be laid before Parliament to guarantee cocoa farmers at least 70 per cent of the world market price.

He explained that the proposed legislation, expected in the coming weeks, would also mandate that 50 per cent of Ghana’s cocoa output be processed locally to add value and create jobs.

President Mahama said the move was necessary to ensure that farmers benefited more fairly from the wealth they help to generate, stressing that…