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Alan Kyerematen promises to reform cocoa industry and boost export value if elected as president

Lamine Yamal 2 weeks ago 0

Presidential hopeful Alan Kwadwo Kyerematen has vowed to revamp Ghana’s cocoa industry by abolishing existing loan syndication arrangements, reducing borrowing, and ensuring the country receives the full value of its cocoa exports.

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As the founder of the Movement for Change and a former Trade Minister, Kyerematen made this promise via social media on June 28, 2024, as part of his vision for the cocoa sector.

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He highlighted that Ghana borrows approximately $2 billion annually through cocoa loan syndications, yet pays farmers in cedis, leading to revenue loss and corruption.

Kyerematen’s plan aims to increase Ghana’s earnings from its primary export commodity, promoting economic growth and development.

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His commitment to reform the cocoa industry has resonated with many, as the country seeks to maximize its resources and improve the livelihoods of cocoa farmers.

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