[ad_1] Government has chosen to maintain cocoa producer prices despite declines in international markets, a decision aimed at protecting farmers’ incomes and livelihoods, according to COCOBOD’s Head of Public Affairs, Jerome Sam. Speaking on JoyNews’ PM Express on Monday, he said the decision stands in contrast to neighbouring Côte d’Ivoire, where producer prices are adjusted…
[ad_1] Seven employees of Cocoa Processing Company PLC have been interdicted following audit findings by the Ghana Audit Service, which identified an outstanding and unaccounted amount of GH¢4,373,355.04 linked to the operations of the CPC Consumer Cooperative Shop. The audit, which examined activities covering the 2023–2024 and 2024–2025 financial years and was completed in March…
The General Secretary of the New Patriotic Party, NPP, Lawyer Justin Kodua Frimpong, Announces Guidelines for the upcoming NPP internal elections from the Polling Station, Electoral Area Election, Constituency Executives, Regional Executive, and the National Executives election. The New Patriotic Party (NPP) has officially released comprehensive guidelines governing its upcoming polling stations and electoral area,…
Ghana’s President John Mahama and his government announced a new cocoa producer price for the 2025–2026 crop season. The reduction of the Cocoa price has sparked anger in many Ghanaian Cocoa farmers and the minority in Ghana’s parliament Accra, February 12, 2026—The Producer Price Review Committee (PPRC) has announced a new cocoa producer price for…
[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…
