[ad_1] In a bold move to revitalize Ghana’s cocoa industry, the Ghana Cocoa Board (COCOBOD) has invested nearly a billion cedis last year in rehabilitating aged and diseased cocoa farms. This strategic investment aims to increase national production in the short to medium term, ensuring the livelihoods of farmers and sustaining the sector. COCOBOD…
[ad_1] The world’s second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops, five sources told Reuters in a further worsening of the outlook for the global chocolate industry. Chocolate makers around the world are raising prices for consumers after cocoa…
[ad_1] Concerned Cocoa Farmers in the Ellembelle District on Saturday, June 1, stormed an illegal mining site at Sendu to express their frustration and opposition to the destruction of their cocoa farms and water bodies. The Leader of the Ellembelle Concerned Cocoa Farmers, Benjamin Azachie speaking after presenting their petition to the Ellembelle Member of…
[ad_1] The first tranche of the about $800 million Cocoa Syndicated Loan is easing pressure on the Ghana cedi a few days into 2024. The local currency came under some pressure this month after remaining stable in November 2023. However, market dealers expect the foreign exchange inflows to increase the supply-side intervention and bolster the…
[ad_1] Finance Minister, Ken Ofori-Atta has disclosed that government is yet to reflect the funding support from the IMF and the World Bank as well as the Cocoa syndicated loans of about $2 billion in its Gross International Reserves. “We are yet to reflect IMF/WB and Cocoa syndication of approximately $2 billion by year-end”, Ken…
[ad_1] The Ghana Cocoa Board (COCOBOD) has debunked reports that it has aborted the cocoa syndication loans for the 2023/2024 crop season, saying, it is in process of raising $800 million from a syndicate of banks to finance cocoa purchases. “Since the beginning of the Season, cocoa purchases have been financed with non-collateralised cocoa sales…
[ad_1] COCOBOD has assured that concrete steps have been taken to ensure it is able to secure enough funds to finance its annual cocoa purchases in the 2023/2024 crop season. Against the backdrop of a reportage by Reuters that the firm had borrowed up to $200 million from cocoa traders to plug its funding gap,…
[ad_1] Farmer organization, Cocoa Abrabopa Association (CAA), is partnering with Ritter Sport to support its farmer groups in the Western South cocoa region with additional livelihood interventions for sustainable cocoa production. The support initiative, which includes access to transport and water, is to also empower the cocoa farmers to access additional income streams aside from…
[ad_1] Schmidt Agricola is a large agricultural company producing soybeans, corn and cotton in Bahia, Brazil, one of the country’s new-frontier agricultural areas fit for large-scale, high-tech farming. It recently added a new crop to its fields: cocoa. Production of the chocolate-making ingredient is expanding outside of the main growing area in West Africa as…
[ad_1] The Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Mr Joseph Boahen Aidoo, has urged women cocoa farmers to support the Cocoa Farmers Pension Scheme (CFPS) policy by enrolling to enjoy its numerous benefits. Mr Aidoo said it was necessary for the farmers to contribute to the scheme to secure an enhanced…
