• About Us
  • The Publisher
  • Our Mission
  • Archive Gallery
  • Advertise
  • Contact Us
  • Privacy & Policy
Saturday, August 9, 2025
  • Login
The Corporate Guardian
Advertisement
  • Home
  • Oil and Gas
  • Human Resource
  • Banking
    Trump raises new tariffs on Ghana, others to 15%

    Trump raises new tariffs on Ghana, others to 15%

    NPP’s Fabricated Charges against Asiama Collapse under Scrutiny

    Banks expected to begin lending rate cuts this week

    As 2024 unfolds, the Bank of Ghana continues to prioritize economic stability, risk management, and innovation. The bank’s proactive stance on monitoring inflation trends and its commitment to enhancing financial inclusion through digital platforms are expected to play crucial roles in the nation’s economic development.

    Navigating through economic turbulence with prudent policies and strategic recapitalization

    As 2024 unfolds, the Bank of Ghana continues to prioritize economic stability, risk management, and innovation. The bank’s proactive stance on monitoring inflation trends and its commitment to enhancing financial inclusion through digital platforms are expected to play crucial roles in the nation’s economic development.

    Standard Chartered Bank accused of helping fund terrorists

    Dr Da Costa Aboagye appointed new CEO of NHIA

    Dr Da Costa Aboagye appointed new CEO of NHIA

    RightCard (LemFi) doubles down on Bank of Ghana Approval with Nsano partnership

    RightCard (LemFi) doubles down on Bank of Ghana Approval with Nsano partnership

  • Law
    World Law Congress 2025: Morocco highlights its legal model and its Autonomy Plan

    World Law Congress 2025: Morocco highlights its legal model and its Autonomy Plan

    HM the King Receives Foreign Ministers of Three Countries of Sahel States Alliance

    HM the King Receives Foreign Ministers of Three Countries of Sahel States Alliance

    Over 78K Illegal Migration Attempts Aborted in 2024 (Interior Ministry)

    Over 78K Illegal Migration Attempts Aborted in 2024 (Interior Ministry)

    Court to deliver judgment on J.B. Danquah Adu’s murder Dec 4

    Court to deliver judgment on J.B. Danquah Adu’s murder Dec 4

    Does the Police law empower police to run a broadcasting service?

    Does the Police law empower police to run a broadcasting service?

    Improving Women’s Participation in the 2023 District Level Elections: The Role of the Media, Jeorge Wilson Kingson

    Improving Women’s Participation in the 2023 District Level Elections: The Role of the Media

    Trending Tags

  • Mining
  • Politics
  • Real Estate
  • Insurance
  • On the marble
  • Special Projects
No Result
View All Result
  • Home
  • Oil and Gas
  • Human Resource
  • Banking
    Trump raises new tariffs on Ghana, others to 15%

    Trump raises new tariffs on Ghana, others to 15%

    NPP’s Fabricated Charges against Asiama Collapse under Scrutiny

    Banks expected to begin lending rate cuts this week

    As 2024 unfolds, the Bank of Ghana continues to prioritize economic stability, risk management, and innovation. The bank’s proactive stance on monitoring inflation trends and its commitment to enhancing financial inclusion through digital platforms are expected to play crucial roles in the nation’s economic development.

    Navigating through economic turbulence with prudent policies and strategic recapitalization

    As 2024 unfolds, the Bank of Ghana continues to prioritize economic stability, risk management, and innovation. The bank’s proactive stance on monitoring inflation trends and its commitment to enhancing financial inclusion through digital platforms are expected to play crucial roles in the nation’s economic development.

    Standard Chartered Bank accused of helping fund terrorists

    Dr Da Costa Aboagye appointed new CEO of NHIA

    Dr Da Costa Aboagye appointed new CEO of NHIA

    RightCard (LemFi) doubles down on Bank of Ghana Approval with Nsano partnership

    RightCard (LemFi) doubles down on Bank of Ghana Approval with Nsano partnership

  • Law
    World Law Congress 2025: Morocco highlights its legal model and its Autonomy Plan

    World Law Congress 2025: Morocco highlights its legal model and its Autonomy Plan

    HM the King Receives Foreign Ministers of Three Countries of Sahel States Alliance

    HM the King Receives Foreign Ministers of Three Countries of Sahel States Alliance

    Over 78K Illegal Migration Attempts Aborted in 2024 (Interior Ministry)

    Over 78K Illegal Migration Attempts Aborted in 2024 (Interior Ministry)

    Court to deliver judgment on J.B. Danquah Adu’s murder Dec 4

    Court to deliver judgment on J.B. Danquah Adu’s murder Dec 4

    Does the Police law empower police to run a broadcasting service?

    Does the Police law empower police to run a broadcasting service?

    Improving Women’s Participation in the 2023 District Level Elections: The Role of the Media, Jeorge Wilson Kingson

    Improving Women’s Participation in the 2023 District Level Elections: The Role of the Media

    Trending Tags

  • Mining
  • Politics
  • Real Estate
  • Insurance
  • On the marble
  • Special Projects
No Result
View All Result
The Corporate Guardian
No Result
View All Result
Home Agriculture

IMANI Ghana reveals $2,489 annual income gap between cocoa farmers’ earnings and household needs

“This is equivalent to $0.60 per person per day based on a five-person household from just cocoa farming. Farmers would have to almost triple their output from 0.87 metric tonnes (MT) to over 2 MT annually, or there has to be an extreme windfall from cocoa prices in the international market to have a decent living standard based on LICOP,” posited IMANI Ghana in the report titled “Profitability and Environmental Sustainability of Cocoa Farming Models in Ghana”.

Efo Komla Hukporti by Efo Komla Hukporti
February 28, 2024
in Agriculture, Business, Business News, Politics
0
IMANI Ghana reveals $2,489 annual income gap between cocoa farmers’ earnings and household needs
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Per a recent report by IMANI Ghana assessing the profitability of the different cocoa production models in Ghana, none of the three prevailing cocoa farming models – full sun, shaded, and high tech – currently meet the Living Income Community of Practice (LICOP) standard of $1.96 per person per day.

The LICOP standard, set at $1.96 per person per day, equates to $298 or GHS 2,324 per month, ensuring a decent living for cocoa farmers.

Per the report, there exists a significant gap between the average annual income of cocoa farmers, which stands at about $1,087, and the benchmark household needs of $3,576 per year – an annual income gap of $2,489.

“This is equivalent to $0.60 per person per day based on a five-person household from just cocoa farming. Farmers would have to almost triple their output from 0.87 metric tonnes (MT) to over 2 MT annually, or there has to be an extreme windfall from cocoa prices in the international market to have a decent living standard based on LICOP,” posited IMANI Ghana in the report titled “Profitability and Environmental Sustainability of Cocoa Farming Models in Ghana”.

The Living Income Community of Practice (LICoP) is an organization committed to improving the lives of rural communities. LICoP is dedicated to the development of calculation methods for living and actual incomes/wages and provides advice on how to bridge the gap between actual and living incomes/wages.

Income from cocoa is the primary source of revenue for cocoa farmers across all three farming models, accounting for an average of 78% of reported household farming income.

 In addition, revenues from food crops represent up to about a fifth of the overall revenue, which indicates some attempt to diversify incomes thereby corroborating existing research where cocoa farmers in Ghana identified food crop investment as their second strategy for enhancing income resilience.

According to IMANI Ghana, the shaded model emerges as the most profitable among the cocoa farming models examined, outperforming both hi-tech and full sun models.

With per-hectare net incomes of GHS 2,505 and GHS 2,042 respectively, the shaded and hi-tech models exhibit superior profitability compared to the full sun model, which records the lowest net income per hectare at GHS 523.

IMANI Ghana further notes that, despite relatively similar cost profiles across the models, with little disparity in per-hectare costs, the hi-tech model proves profitable due to its comparatively high returns. Farm management costs, particularly those associated with cocoa farming activities such as land preparation, spraying, weeding, and equipment, constitute the largest cost component across all models, driving the overall cost dynamics.

Source: norvanreports.com

 

Tags: cocoaIMANI GhanaLiving Income Community of Practice (LICOP)production
Efo Komla Hukporti

Efo Komla Hukporti

Related Posts

Humanitarian Aid in Gaza: Morocco, the Only Country to Intervene Directly on the Ground
Africa Means Business

Humanitarian Aid in Gaza: Morocco, the Only Country to Intervene Directly on the Ground

August 7, 2025
Trump raises new tariffs on Ghana, others to 15%
Africa Means Business

Trump raises new tariffs on Ghana, others to 15%

August 4, 2025
NPP’s Fabricated Charges against Asiama Collapse under Scrutiny
Africa Means Business

Banks expected to begin lending rate cuts this week

August 4, 2025
Throne Day: In Message to King, Trump Reaffirms US' Recognition of Moroccan Sovereignty over Sahara
Africa Means Business

Throne Day: In Message to King, Trump Reaffirms US’ Recognition of Moroccan Sovereignty over Sahara

August 3, 2025
Africa Means Business

Morocco, under the leadership of HM the King, is today asserting itself as an emerging power in Africa – AfDB President

August 1, 2025
HM the King Issues His Very High Instructions to Dispatch Emergency Humanitarian & Medical Aid to Brotherly Palestinian People
Africa Means Business

HM the King Issues His Very High Instructions to Dispatch Emergency Humanitarian & Medical Aid to Brotherly Palestinian People

July 31, 2025

Recent Publications

Character Education Training for Northern Ghana Schools Kicks Off Next Week

Character Education Training for Northern Ghana Schools Kicks Off Next Week

August 8, 2025
Humanitarian Aid in Gaza: Morocco, the Only Country to Intervene Directly on the Ground

Humanitarian Aid in Gaza: Morocco, the Only Country to Intervene Directly on the Ground

August 7, 2025
The same source added that the four Moroccan drivers “were in the hands of the Islamic State terrorist group in the Sahel province,” which is the Sahelian branch of “Daesh.”

Four Moroccan Truck Drivers Released in Bamako – Statement from Mali’s Gov’t

August 5, 2025
Trump raises new tariffs on Ghana, others to 15%

Trump raises new tariffs on Ghana, others to 15%

August 4, 2025
Load More
  • Trending
  • Comments
  • Latest
CSOs welcome suspension of Agyapa Royalties IPO

CSOs welcome suspension of Agyapa Royalties IPO

October 7, 2020
Judge complains over slow pace of uniCredit case

Judge complains over slow pace of uniCredit case

October 8, 2020
Asantehene urges chiefs to abstain from partisan politics

Asantehene urges chiefs to abstain from partisan politics

October 8, 2020
Absa Bank engages fresh graduates and youth with ‘ReadytoWork’ virtual sessions

Absa Bank engages fresh graduates and youth with ‘ReadytoWork’ virtual sessions

October 27, 2020
World Wellbeing Week: Self-Care and its Global Impact

World Wellbeing Week: Self-Care and its Global Impact

4
2023: Proactive and determined Royal action in favor of strengthening the Welfare State

2023: Proactive and determined Royal action in favor of strengthening the Welfare State

1
QNET's Amezcua Bio Light 3 and Bio Disc 3: Cutting-Edge Recovery Tools for Peak Athletic Performance

QNET’s Amezcua Bio Light 3 and Bio Disc 3: Cutting-Edge Recovery Tools for Peak Athletic Performance

1
France reaffirms Support for Morocco’s Sovereignty over its Sahara – French FM

France reaffirms Support for Morocco’s Sovereignty over its Sahara – French FM

1
Character Education Training for Northern Ghana Schools Kicks Off Next Week

Character Education Training for Northern Ghana Schools Kicks Off Next Week

August 8, 2025
Humanitarian Aid in Gaza: Morocco, the Only Country to Intervene Directly on the Ground

Humanitarian Aid in Gaza: Morocco, the Only Country to Intervene Directly on the Ground

August 7, 2025
The same source added that the four Moroccan drivers “were in the hands of the Islamic State terrorist group in the Sahel province,” which is the Sahelian branch of “Daesh.”

Four Moroccan Truck Drivers Released in Bamako – Statement from Mali’s Gov’t

August 5, 2025
Trump raises new tariffs on Ghana, others to 15%

Trump raises new tariffs on Ghana, others to 15%

August 4, 2025
  • About Us
  • The Publisher
  • Our Mission
  • Archive Gallery
  • Advertise
  • Contact Us
  • Privacy & Policy
No Result
View All Result
  • Home
  • Oil & Gas
  • Mining
  • Politics
  • Human Resource
  • Business News
  • Real Estate
  • Special Projects
  • Insurance
  • On The Marble

© 2020 The Corporate Guardian - The Corporate Guardian.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version