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Cocoa sector: The challenges of the "Cocoa Initiative Côte d'Ivoire-Ghana"

04/02/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Holder of a master's degree in International Business, Arnaud Assanvo has just been appointed executive secretary of the “Cocoa Initiative Côte d'Ivoire-Ghana”. His mission at the head of this new Ivorian-Ghanaian organization would be to meet the challenges of the Cocoa sector in the two countries. Alex Arnaud Assanvo, first executive secretary of the "Cocoa Initiative Côte d'Ivoire-Ghana" must now campaign against the poverty of producers in both countries. Former director of the Mondelez chocolate group and responsible for the cocoa sector at Fairtrade International, he must solve the problem of storage centers. An ambition of the two giants, in search of investment of nearly 696 billion CFA francs. The objective is to cope with the instability of world prices by storing the beans in good conditions which can then be sold.
The challenges are enormous, especially since Côte d'Ivoire has recently suffered a colossal loss. Production went from $3000 to $1900 due to falling prices. In addition, the situations of poor bean sales, non-compliance with the Living Income Differential (DRD), disputes between producers and industrialists, conflicts between traders and industrialists, not to mention the swollen shoot disease which is gradually resurfacing, etc. difficulties on which Alex Assanvo must work

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