Cocoa producers have emerged as the driving force behind cocoa market premiums as they continue to reap the benefits of a supply crunch, according to the latest International Cocoa Organisation (ICCO)cocoa market report released this month. The ICCO's report highlights significant differentials in cocoa prices, emphasising that producers are currently...
Dear Mr. Mahama, I have read your social media post following announcement of the Producer Price of cocoa, it is essential to address certain misconceptions and misinformation which have arisen from that. While advocating for the welfare of our hard-working cocoa farmers is imperative, it is equally important to approach...
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...
Cocoa farmers are demanding a farm-gate price of GH¢1,380 for a 62.5kg bag of cocoa beans, a 72.5 percent increase over the current price of GH¢800. As COCOBOD gets ready to announce new prices for the upcoming 2023/2024 cocoa season in the coming days, a group known as the Ghana...
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...