Ghana's Deputy Finance Minister Thomas Nyarko Ampem announced that the Ghana Cocoa Board Bill has been passed by Parliament, giving the statutory body a green light to regulate, oversee, and monitor the cocoa value chain.
Parliament Approves Ghana Cocoa Board Legislation
The legislation, aimed at establishing the Ghana Cocoa Board as the statutory body responsible for regulating, overseeing, and monitoring activities across the cocoa value chain, has been approved by Parliament. According to Deputy Finance Minister Thomas Nyarko Ampem, the legislation sought to establish the Ghana Cocoa Board as the statutory body responsible for regulating, overseeing and monitoring activities across the cocoa value chain.
Cocoa Industry Set for Regulatory Overhaul
The approval of the Ghana Cocoa Board Bill marks a significant development for the country's cocoa industry, which has faced numerous challenges in recent years. The legislation is expected to bring much-needed order and stability to the industry, allowing for more effective management and oversight.
Next Steps for the Ghana Cocoa Board
With the bill now passed, the Ghana Cocoa Board will have the necessary legislative backing to implement its regulatory powers. The board will be responsible for ensuring that all activities across the cocoa value chain are carried out in accordance with established regulations and standards. The move is expected to have a positive impact on the country's cocoa industry, contributing to increased productivity and better returns for farmers.
Source: 3News
