Tag Archives: COCOA

Ghana and Côte d’Ivoire, the top world cocoa producers, through a joint initiative have convinced chocolate traders and makers to increase the price they pay for cocoa. These cocoa producing countries suspended the forward sales of cocoa beans which had a negative impact on global prices that, in less than …

Deputy Agriculture Minister in Charge of Perennial Crops, Kennedy Osei Nyarko, has hinted of a rise in the price of cocoa from October in a bid to offset low exports amid the coronavirus pandemic. The government currently buys one bag of cocoa beans from farmers at ¢515. COCOBOD CEO Joseph Aidoo said …

Ghana’s Ambassador to China has hinted of discussions with the Chinese government to allow cocoa producers from Ghana to enjoy zero tariffs on products on China’s market. This follows the launch of an Africa Cocoa Centre which is intended to serve as a trading hub that connects African cocoa products …

The Government of Ghana is requesting for a Parliamentary approval to loan US$1.3 billion to finance the purchase of cocoa for the 2020/2021 crop season. This follows the regulator of cocoa, Ghana Cocoa Board (COCOBOD) given the strongest assurance that its annual cocoa syndication loan facility will go ahead despite the COVID-19 pandemic. …

In my previous article on how much cocoa farmers earn and why we need to announce a Cocoa Emergency, we realised that household members of cocoa farmers individually lived on a daily income as low as US$0.17 / day when cultivating a two-hectare cocoa farm. The issue of low income …

Exports of cocoa beans and products increased by 5.0 per cent to US$2.29 billion in 2019, the Bank of Ghana (BoG) has said in its 2019 Annual Report. The report said cocoa beans exported amounted to US$1.45 billion, an increase of 3.2 per cent compared to the value in 2018. …

The Ghana Cocoa Board (COCOBOD) through the Cocoa Health and Extension Division (CHED) has presented a total 99,468 bags of Cocoa fertilizers to be distributed to 126 farmer cooperative groups within Wiawso and Akontombra districts of the Western North Region. Mr John Ahi, Boako District Technical Officer, who confirmed the …

Joseph Boahen Aidoo, Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), has lamented the rate at which illegal small scale miners (galamseyers) are destroying cocoa farms in the country. He said the activities of these miners are destroying the backbone of the Ghanaian economy, a situation that could have …

Customs officials from Ave-Havi Station of the Aflao Command of Customs Division of the Ghana Revenue Authority (GRA) have intercepted 53 rice bags of raw cocoa beans being smuggled from Ghana to Togo. The cocoa beans were packaged in 16 bags (65kg) and 37 bags (30kg) with total weight of …

Overly dry and hot winds in West Africa are damaging prospects for cocoa output for the second year in Ghana, the world’s second-largest producer, sources told Reuters News Agency. Cocoa futures on Intercontinental Exchange are near their highest in three years, driven in part by the adverse weather, which has …