Finance Minister, Kwabena Duffour says Ghana would not allow its premium brand of cocoa beans to be adulterated by produce smuggled from Ivory Coast.
There have been several reports that a lot of cocoa is being transported into Ghana because of a ban on exports by the international community as a measure to deprive incumbent President Laurent Gbagbo of badly needed funds.
Cocoa purchases for the season is said to be already nearly fifty percent more than what had been bought for the same period last year, lending credence to suggestions that produce from Ivory Coast could be a factor.
The Finance Minister however disagrees.
Speaking to the BBC’s World Business Report programme, Dr. Duffuor said the Ivorian crisis on a whole presents a major challenge to the Ghanaian economy.
This week’s arrest of a truckload of beans from Ivory Coast, meanwhile is evidence that smuggling is taking place. The Finance Minister, by the way, made it onto the very first edition of the BBC’s new business programme, World Business Report.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Nigerians mourn woman allegedly beheaded by gospel singer
2 hours -
Sudan shelling kills more than 100 civilians near capital
2 hours -
Mahama hits the ground running: Key reforms and directives in first days of office
2 hours -
Relatives wait for news as body bags hauled from South African mine
2 hours -
Kate reveals she is in remission from cancer
2 hours -
UK’s Treasury minister resigns over anti-corruption investigation in Bangladesh
3 hours -
Fire Service calls for installation of fire extinguishers, detectors at marketplaces
3 hours -
Kofi Adu Domfeh: Prayers for rain in LA and the call for climate action
3 hours -
Don’t appoint Bawku or Kusasi native as U/E Regional Minister – Asamoah Boateng advises Mahama on averting dispute
3 hours -
Bono COCOBOD seizes trucks loaded with bags of cocoa, lumber
3 hours -
Recent Appointment Committees have become a theatre – Draman
4 hours -
Mahama appoints Justina Nelson as Acting CEO of MIIF
4 hours -
Tribunal system was evil, why does Mahama gov’t want it back? – Ansa-Asare
4 hours -
Kurt Okraku files nomination for CAF Executive Committee position
5 hours -
Criminologist urges police to engage communities to prevent attacks on security personnel
5 hours