Tsa-ke-mo Africa pleads for the added value of cocoa before negotiating ▷ Ghana News

– Africa, which produces 75% of the world’s cocoa, only benefits from 2% of the $ 100 billion global chocolate industry

– Tsa-ke-mo Africa called for 60% of cocoa produced in Ghana and Ivory Coast to be kept for added value

– The think tank is a group aiming to promote added value and job creation for young people from natural and agricultural resources

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Policy and advocacy think tank, Tsa-ke-mo Africa calls for stronger public policies to encourage the added value of cocoa produced in Ghana and Côte d’Ivoire.

The think tank which aims to promote added value and job creation for young people from natural and agricultural resources said it was rather disappointing that Africa, which produces 75% of the world’s cocoa, did not benefit than 2% of the global $ 100 billion chocolate industry.

According to them, while there have been indications from governments to address the huge disparity identified, little has been achieved due to a lack of strong policies and commitments.

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Tsa-ke-mo Africa pleads for the added value of cocoa before negotiating Credit: @tsakemo
Source: Twitter

According to them, the implementation of these policies will generate jobs and jobs for the dynamic population of young Africans.

The Tsa-ke-mo think tank therefore suggested actionable policies to catalyze the growth of the value-added cocoa industry in Ghana and Côte d’Ivoire.

In a press release to mark this year’s National Chocolate Week, Tsa-ke-mo called for 60% of the cocoa produced in Ghana and Côte d’Ivoire to be kept for added value.

They said the 60% should be made more easily accessible to processing industries at affordable prices to ensure maximum participation of the country’s private sector.

They also called for the creation of a national fund for building value-added cocoa capacities and financing youth from respective countries using at least 20% of cocoa export earnings.

They further stated that in order to get private organizations and individuals to join the campaign to increase the added value of cocoa, new cocoa processing companies should be exempt from paying taxes in the first five years, while the old cocoa processing companies should have their taxes. reduced.

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Tsa-ke-mo Africa urged the governments of Ghana and the Ivory Coast to establish an import duty regime for machinery and industrial equipment for industries involved in cocoa processing or chocolate making.

Finally, increasing funding for cocoa research and product development in the respective countries will be very helpful.

The group is optimistic that these initiatives will increase job opportunities, contribute to a more sustainable economy, and give governments some bargaining power over finished products, which in turn will generate more revenue for countries.

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