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Tag Archives: COCOBOD

Banks refuse syndicated loan for COCOBOD

    Ghana Cocoa Board’s (COCOBOD) annual pre-export financing, will be raised by a club of banks as its traditional lenders; the European Bank, have declined to underwrite the risk amid the uncertainty of the coronavirus pandemic, banking sources said. The loan will back its 2020/2021 cocoa crop and is …

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Covid-19: COCOBOD Strengthens Farmers’ Education

The Cocoa Health and Extension Division (CHED) of COCOBOD has embarked on a nationwide campaign to strengthen farmers’ education on the coronavirus (covid-19) pandemic. The aim is to encourage and motivate cocoa farmers to strictly adhere to the preventive protocols and restrictive measures outlined by the government to contain the …

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Rawlings praises COCOBOD

Former President, Flt. -Lt. (Rtd) Jerry John Rawlings has commended the Ghana Cocoa Board (COCOBOD) for its efforts to mechanise cocoa farming in the country. He said the board’s decision to replace the age-old cutlasses and machetes used to prune cocoa trees and weed farms, with motorised pruners and slashers …

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Hon. Abena Osei-Asare shakes Atiwa East as he files nominations in grand style

The incumbent Member of Parliament for the good people of Atiwa East Constituency and Deputy Minister for Finance Hon Abena Osei-Asare submitted her Nomination forms to the Chairman of the Constituency elections Committee at the party’s Office in Anyinam. According to the humble, accessible and development oriented legislator her tremendous …

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COCOBOD bought untested omnifert fertilizer in 2018 – Report

It has emerged that, the Ghana Cocoa Board (COCOBOD) in 2018, bought fertilizer from Omnifert Limited, even though there was no evidence at COCOBOD or CRIG that the product had ever been tested on matured cocoa farms or on seedlings, the Accra High Court, has been told. When the transaction …

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COCOBOD introduces slashers to improve cocoa quality

The Ghana Cocoa Board (COCOBOD) has taken delivery of 100,000 pieces of motorised slashers to be distributed to cocoa farmers throughout the country. The slashers are to prevent the farmers from resorting to the use of weedicides on their farms and, thus, reduce the risk of having the beans contaminated …

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COCOBOD failed us – 70% of cocoa farmers

About 70 per cent of cocoa farmers in Ghana believe that the Ghana Cocoa Board (COCOBOD) does not serve their interest, a report by Imani Ghana, has noted. The survey dubbed “Exploring the revenue management and producer pricing mechanism within Ghana’s cocoa sector” also noted that 94 percent of cocoa …

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Leave LBCs alone – farmers fume at COCOBOD

Some Cocoa farmers have warned Ghana Cocoa Board (COCOBOD) to stay away from Licensing Buying Companies across the country following a directive by COCOBOD to LBCs to desist from providing some incentives to farmers. Days ago, COCOBOD announced it has noted with concern that some LBCs are engaged in unethical …

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“Vindictive” Akufo-Addo gov’t deliberately killed “solvent” Heritage Bank – Adongo

The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has condemned President Nana Akufo-Addo and the governing New Patriotic Party (NPP) for stripping businessman and philanthropist Seidu Agongo of his Heritage Bank on frivolous grounds. According to the Member of the Finance Committee of Parliament, the Bank of …

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COCOBOD secures $1.3 billion for 2019-2020 season

The Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 24 banks to finance cocoa purchases in the 2019/20 cocoa season. The syndication, led by Natixis Bank, MUFG Bank Limited, Rabobank Group, Nedbank, Societe Generale and the Ghana International Bank, will attract an interest rate of .055 …

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