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PostPosted: 12-09-2018 10:01:17    Post subject: sure you create and impl Reply with quote

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ACCRA, Sept. 20 (Xinhua) -- Ghana and Cote d'Ivoire have jointlyappealed to the African Development Bank (AfDB) for a loan facilityof 1.2 billion U.S. dollars to establish warehouses and set upchocolate manufacturing facilities, a senior Ghanaian governmentofficial told local media here on Wednesday.


The pleas was made in response to the sharp decline of the priceof cocoa on the world market, Minister of Food and AgricultureOwusu Afriyie Akoto told the state-run Daily Graphic.


Akoto just returned from a visit to Cote d'Ivoire, where he paida courtesy call on President Alassane Ouattara. They discussedstronger cooperation between the two west African countries onmatters affecting the cocoa industry.


Cocoa prices on the international market have dropped over thelast nine months from around 3,000 U.S. dollars a ton to about1,900 dollars.


Akoto said the drop in cocoa prices was costing Ghana and Coted'Ivoire 2 billion dollars yearly.


He said the decision to appeal to the AfDB was to enable theworld's two major cocoa producers to add value to the crop,encourage local consumption of chocolate, and reduce overdependenceon the international market. Enditem

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