The world’s two largest cocoa producers, Ivory Coast and Ghana have created a joint body to improve coordination in research, price setting and the fight against child labour, the Ivorian government said on Thursday. The two countries, which produce around 60% of the world’s cocoa, have coordinated on some of...
Cocoa farmers have appealed to Ghana Cocoa Board (COCOBOD), the industry regulator, to increase the producer price of cocoa beans in the coming 2020/2021 season by a significant margin. According to the farmers, cost of production has skyrocketed in recent times; and besides, the general standard of living among farmers...
Ghana Cocoa Board (COCOBOD) has rolled out a rehabilitation programme for cocoa farms affected by the swollen shoot disease in the Western North Cocoa Region. As part of the rehabilitation exercise, COCOBOD has directed all diseased cocoa trees to be cut down for re-planting with new hybrid cocoa seedlings. Cocoa production...
Parliament has approved US$ 1.3 billion loan facility from a consortium of banks and financial institutions to finance the purchase of cocoa for the 2020/21 crop season by the Ghana Cocoa Board (Cocobod). The loan would be used to purchase an estimated 900,000 metric tonnes of cocoa beans from farmers...
Africa’s path to building prosperity is at the core of the continent’s development narrative. For over half a century, we have been trying to figure out what our way out of poverty and underdevelopment should be. Still, the struggle remains. Why might that be? Simply put, there are a...
Chocolate fans will not necessarily benefit from predictions of a fall in cocoa prices this year. A Reuters poll of London cocoa futures published on Monday forecast cocoa would cost 10% less at the end of the year because of rising production and a hit to demand from the...
Management of the Ghana Cocoa Board (COCOBOD) has moved to end the practice of weighing-scales tampering with fresh preventive and punitive measures. Cocoa buyers in the West African nation have come under fire after a media exposé revealed systemic cheating of cocoa farmers through adjustment of analogue weighing scales. According to...
The issue of Cocoa Produce Buying Companies (PBCs) adjusting their scales to cheat cocoa farmers of their due is not only sad but unconscionable. A private broadcasting station’s latest investigative documentary ‘Missing Kilos’ exposed the stealing of cocoa beans by clerks in licenced cocoa buying companies of the country. The...
Ghana is set to commence payment of the new US$400 cocoa Living Income Differential tariff in October when the 2020/2021 crop season begins. The LID tariff agreed in 2019 between the governments of Ghana and Ivory Coast and international cocoa traders and manufacturers is a measure hoped to help alleviate...
Samuel has been a cocoa farmer for 12 years. Since the end of the Akuafo cheque system, he had always been paid in cash for his cocoa, until last season. That was when the licensed buying company (LBC) that he sells to introduced a new system for purchasing cocoa....
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