Cocoa Syndication: 1 million Cedis savings every year could have weaned Ghana off international dependency-Ayeh-Paye

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If Ghana had started setting aside 1 million cedis every year since the country began syndicating cocoa Loans, the country would have perhaps accumulated enough revenue to wean herself off the annual borrowing for cocoa beans purchases.

That is the opinion of the New Patriotic Party (NPP) Member of Parliament for Ayensuano in the Eastern Region, Samuel Ayeh-Paye.

Contributing to a discussion on the recent debate on cocoa pricing by the two major political parties in the country, the ruling NPP and the opposition National Democratic Congress (NDC) on an Accra based radio station and monitored by, Mr. Ayeh-Paye said the current politicking about the cocoa sector was inimical to the growth and advancement of the sector.

He is advocating consensus building that will ensure the growth of the sector, but was quick to add that the prices offered the cocoa farmers for this season was the best the government could give.

He also impressed upon the cocoa farmers to bear with government and to concentrate on doing their best for this year to ensure that measures instituted by Ghana Cocoa Board yields the right dividends by way of increased production.




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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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