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Mahama's cocoa farmers pension scheme

Feature Article Mahama's cocoa farmers pension scheme
TUE, 18 JUN 2024 LISTEN

Cocoa farmers play a very important role in the economy of Ghana, as the country is one of the world's largest producers of cocoa beans.

Cocoa farmers are, therefore, essential to the economy, society, and culture of Ghana. And recognizing the importance of these farmers, H.E. John Mahama, a presidential hopeful in the upcoming presidential election in Ghana, has proposed a pension scheme specifically for cocoa farmers in the country. The scheme would provide financial security for cocoa farmers in their old age, as well as support for their families in the event of their death.

Mahama's proposal includes setting up a Cocoa Farmers Pension Fund, which would be managed by a board of trustees made up of representatives from the cocoa industry, government, and farmers themselves. The fund would be financed through contributions from cocoa farmers, as well as contributions from the government and other stakeholders in the cocoa industry.

The pension scheme would provide regular payments to cocoa farmers once they reach retirement age, as well as lump sum payments to their families in the event of their death. This would help to ensure that cocoa farmers are able to enjoy a decent standard of living in their old age, and that their families are provided for in the event of their passing.

Mahama's proposal has been welcomed by many in the cocoa industry, who see it as a way to recognise the important contribution that cocoa farmers make to the economy and to ensure that they are properly rewarded for their hard work.

Mahama's cocoa farmers pension scheme proposal has the potential to provide much-needed financial security for cocoa farmers in Ghana, and could help to improve the livelihoods of those who work in the cocoa industry.

It will be necessary for stakeholders to work together to ensure that the scheme is effectively implemented and that cocoa farmers are able to benefit from it in the long term.

Anthony Obeng Afrane

Which team do you think has the higher chance of winning the 2024 elections?

Started: 02-07-2024 | Ends: 31-10-2024

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