Tag Archives: COCOA

Ghana Cocoa Board on Friday signed a 1.3 billion dollar loan agreement with international banks to fund the purchases for the 2019/20 cocoa season, due to start in early October. The loan agreement was signed in Paris, France, with 24 banks, including Societe Generale, Netbank, Naxitis, MUFG bank and Ghana …

Ivory Coast and Ghana have agreed initial deals to sell cocoa with a living income premium of $400 a tonne added to the price, in a bid to reform the way global cocoa is priced, industry sources and a government source told Reuters. In a move aimed at easing pervasive …

Government is seeking an amount of $1.5 billion for the purchase of Cocoa beans for the 2019/2020 crop season. In a motion tabled before parliament, Cocobod wants receivables backed trade finance facility from a consortium of banks and financial institutions. It’s expected that the motion would be approved later today …

Former Western Regional Minister, Dr Kwaku Afriyie says not even angels can clamp down on the smuggling of cocoa beans from Ghana to neighbouring countries. To Dr Afriyie, who himself is a cocoa farmer in Ghana and a leading member of the New Patriotic Party (NPP), though the smuggling canker …

A claim of mismanagement of the cocoa sector by former President John Mahama has incurred the wrath of the Chief Executive Officer (CEO) of the Ghana COCOBOD. Hon Joseph Boahen Aidoo said someone who supervised the total collapse of the cocoa sector under his regime has no moral right to …

President Nana Addo Dankwa Akufo-Addo has challenged the National Democratic Congress (NDC) to provide evidence of any policy implemented during their tenure to improve agricultural productivity. Speaking at a durbar held in Daboase, the capital of the Wassa East District, as part of his two-day four in the Western region, …

The Minority Leader in Parliament, Haruna Iddrisu, says the Akufo-Addo Administration is gambling with the country’s share in the global cocoa market following the agreement of a new minimum price with Cote D’Ivoire. Though the Ghana-Cote D’Ivoire relationship in cocoa marketing may be strategic, the Minority Leader argued that the …

Ghana and Cote D’Ivoire have lifted the suspension of cocoa sales for the 2020/2021 season, effective July 16. The decision was contained in a joint communiqué issued and signed by Mr. Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board, and the Chief of Cote d’Ivoire’s Coffee and …