Tag Archives: COCOA

Kwaku Owusu Baah, Board Chairman of the Cocoa Processing Company Limited, says the Company is now better placed to retool and rehabilitate its obsolete plant and machinery to fully increase its production and consumption base. This he said would enable them to have full access to its processing lines and …

Ivory Coast has opted to lift a suspension imposed last week on cocoa sustainability schemes run by Hershey after the U.S.-based chocolate maker committed to paying a premium aimed at combating poverty among farmers Ivorian and Ghanaian cocoa regulators on Monday last week suspended the schemes, alleging Hershey was sourcing …

President Nana Addo Dankwa Akufo-Addo on Tuesday, 1 December 2020, launched a pension scheme for the country’s 1.5 million cocoa farmers. According to President Akufo-Addo, “the pension scheme will enable cocoa farmers to make voluntary contributions towards their retirement, while COCOBOD makes a supplementary contribution on behalf of the farmers …

A cocoa truck is reported to have killed the driver and passenger of a Daewoo Matrix vehicle on the Vodafone highway in Takoradi. The fatal accident occurred on Friday, November 27 at 9:30 pm according to the Regional Police command. The two bodies have since been identified as Eric Pamford …

The country recorded a strong trade surplus in the 10 months of this year. According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020. The trade surplus is bigger …

Ghana and Cote d’Ivoire have set their own prices for cocoa to counter unfair trade in the international market. To overcome control by multinational foreign companies, the two countries partnered in 2019 and agreed on new market price for cocoa at US$2,600 per tonne, with a living income differential of …

The Ghana Cocoa Coffee and Sheanut Farmer Association (COCOSHE) has praised the Akufo-Addo administration for the 28.2% increase in cocoa prices for the 2020-21 crop season. According to the farmer-based organization, the producer price of a bag of 64kg of cocoa beans has been increased from GH¢ 515 to GH¢660 …

President Akufo Addo has announced a new cocoa producer price for the 2020/2021 cocoa season from Ghc514 per bag to GHS660. He made the announcement at Sefwi Wiawso in the Regional Capital Western North Regional during the launching of the National Cocoa Rehabilitation Programme on Thursday. “Cocoa producer price as …

Journalists have been urged to intensify reportage on issues affecting the cocoa sector, Ghana’s largest foreign exchange earner, to ensure prompt action by stakeholders. Mr Joseph Opoku Gakpo, the Deputy General Secretary of the Ghana Agricultural and Rural Development Journalists Association (GARDJA), said cocoa was a major contributor to Ghana’s …

Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on futures prices for the 2020-21 harvest, according to two people familiar with the matter. Growers of cocoa beans in the world’s second-largest producer of the crop will receive 625 cedis …