Cocoa Merchant Limited (CML) has entreated cocoa farmers not to be enticed into smuggling beans to neighbouring countries, as the development has significant revenue implications for the country as well as the cocoa sub-sector.
According to the Managing Director (MD) of CML, Alhaji Abdul Fataa Adamu, the menace particularly robs...
The Ghana Cocoa Board (COCOBOD) has announced an extension of the closing date for its debt exchange offer programme, aimed at managing debt securities and providing investors with enhanced investment opportunities.
The decision to extend the closing date, the cocoa sector regulator said, was necessitated by an error in the...
The Ghana Cocoa Board (COCOBOD) has taken a significant step toward its debt securities exchange programme by appointing CalBank Plc (CAL) as the arranger.
This move comes as COCOBOD invites holders of its short-term debt securities, known as Cocoa bills, to participate in the voluntary exchange for longer-term debt securities...
Local banks are pushing for better terms in the restructuring of cocoa bill holdings as government proposes to replace them with five new bonds.
Information from the market suggests that the new bonds come with a coupon rate of 12 percent - significantly lower than the previous average entry rate...
Dr. Emmanuel Opoku, Deputy Chief Executive in charge of Operations at Ghana Cocoa Board (COCOBOD), has given the assurance that Ghana would continue to sell cocoa to the European Union considering the significant progress made in efforts to achieve the goals of the Ghana Cocoa Traceability System (GCTS).
He, therefore,...
…as African producers’ inch closer to setting-up an exchange
African cocoa producers are working toward establishing an African Cocoa Exchange (AfCX) with the aim of reshaping pricing for cocoa on the global market - in a significant step to address the long-standing issue of limited influence over global cocoa prices,
A stakeholder workshop organised by the...
Cocoa prices experienced a further rally last week, due to growing concerns about the potential impact of an El Nino weather event on global cocoa production.
Last Friday, cocoa prices reached their highest level in a month for nearest-futures contracts, building on the gains observed on Thursday due to worries...
Cocoa farmers in Ghana are improving yields and mitigating climate change by adopting climate-smart cocoa practices while curbing deforestation.
Ghana has earned US$4.8million for reducing nearly 1 million tonnes of carbon emissions caused by deforestation and forest degradation - with up to US$45million expected by the end of...
The global cocoa market experienced a surge in prices during April 2023, reaching a six-year high in both the London and New York markets, according to the April 2023 cocoa report by the International Cocoa Organization (ICCO).
Prices of the front-month cocoa futures contract rose by 5 percent in...