The Chief Executive of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has announced that his outfit has completed all processes required to launch the Cocoa Farmers Pension Scheme, pending presidential approval. The scheme will be managed by the National Pensions Regulatory Authority (NPRA), and will establish a new system that...
The Ghana Cocoa Board (COCOBOD) has said it will spend US$250million on rehabilitating cocoa farms over the next three years. The country is seeking to cut down and replant diseased and over-aged cocoa farms under a cocoa rehabilitation programme launched by President Nana Addo Dankwa Akufo-Addo last month. About 40...
While government’s budget is constrained and being reprioritised to fight COVID-19, a public-private partnership (PPP) approach could deliver sustainable cocoa production, industry experts have advocated. Government recently launched a rehabilitation programme to cut down and replant diseased and over-aged cocoa farms across the country. About 40 percent - or 800,000...
There is a lot of indiscipline in our midst and people are having a field day getting away with almost anything. Reports coming in from parts of Ashanti Region show that indiscriminate sand winning is affecting cocoa farming, as sand winners are having a field day in places like Effiduase,...
As Ivory Coast prepares to collect a record cocoa crop, the market is bracing for two key unknowns: the risk of political unrest disrupting supplies and the demand hit from COVID-19. Bigger crops in West Africa would add to a global surplus at a time when consumption is under pressure...
The Ghana Cocoa Coffee and Sheanut Farmers Association (COCOSHE), a farmer-based organisation, has lauded government for increasing the producer price of cocoa for the 2020/2021 crop season. The producer price of a bag of 64kg of cocoa has been increased from GH¢ 515 to GH¢660, which translates into GH¢10, 560...
For the first time in 28 years, the Ghana Cocoa Board (COCOBOD) has signed a US$1.3 billion syndicated loan through a virtual platform with lenders and lead arrangers abroad. The meeting which was organized via a video conferencing due to the COVID-19 pandemic saw 28 banks participate in this year’s...
COCOBOD has signed a 1.3-billion-dollar syndicated loan with 28 banks to finance the purchase of cocoa beans for the 2020/2021 crop season. The meeting which was organized via a video conferencing due to the COVID-19 pandemic saw 28 banks participate in this year’s syndication. The loan has an interest rate of...
The quest by Ghana to transform its economy through Agriculture continues to gain momentum under the leadership of President Nana Addo Dankwa Akufo-Addo. Following the successful implementation of the food crop module of its flagship Planting for Food and Jobs (PFJ) initiative, government is set to achieve yet another milestone...
Ghana, the gateway to Africa is again set to elect a President and members of Parliament to lead the nation to its promise land. In Africa we are hailed as the first Sub-Saharan Africa country to gain independence, the beacon of hope and black star of the Continent. We have...
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