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COCOBOD CEO Explains Why Cocoa Prices Are Rising

The CEO of the Ghana Cocoa Board (COCOBOD) claims that the current increase in cocoa prices globally is caused by a drop in cocoa output in the two main producing nations, Ghana and Cote d’Ivoire.

According to Joseph Boahene Aidoo, the decrease in cocoa yield can be attributed to climate change, namely to lower rainfall and higher heat intensity in comparison to past years.

He said that Ghana needed to adjust to climate change and that the infrastructure already in place in the nation could help with both mitigation and adaptation with regard to cocoa production.

Mr. Aidoo emphasized the significance of CRIG workers in reducing the impacts of climate change on cocoa output during his speech on the topic of “The Impact of Climate Change on the Cocoa Sector; Adaptation and Mitigation Measures; The Role of the Worker.”

Mr. Aidoo is optimistic that Ghana could overcome these obstacles if the present labor peace between CRIG and the other COCOBOD divisions was preserved.

The CEO of COCOBOD expressed hope that CRIG’s staff and management will work together to meet the problem that climate change presents.

According to Mr. Aidoo, the government, COCOBOD, and its agencies have contributed to giving cocoa growers access to a ready market and consistent pricing.

He continued by saying that Ghana had the resources necessary to adapt to climate change.

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