Friday, July 1, 2022
The amount of US$1,569,839 (GH¢7,294,572) budget that was released into COCOBOD’s Farmers’ Wards Scholarship Trust Fund for two academic years, 2017/2018 and 2018/2019 has been misapplied, the 2020 Auditor General’s (AG) report has revealed. The 2017/18 and 2018/19 Parliament approved budgets for assessment of the syndicated loan, which showed that...
Stakeholders in the Ghanaian chocolate industry have said the euphoria surrounding a new production record of 1.03 million metric tonnes (MT) of cocoa beans by COCOBOD for the 2020/2021 crop season, would further overshadow campaigns for value addition to the commodity. The absence of a clearer approach and roadmap to...
…IMF wants it added to public debt The Ghana Cocoa Board (COCOBOD) is currently exploring options to refinance its debt, which was 2.5 percent of GDP at end-2020 and includes a longer-term forex (FX) collateralised loan. According to the International Monetary Fund’s (IMF) 2021 Article IV report, this has become necessary in...
…produces 1,033,132.19 metric tonnes for the 2020/2021 crop season Ghana has achieved a new cocoa production record of 1,033,132.19 metric tonnes for the 2020/2021 crop season – beating a 10 year-record production of 1,024,000 metric tonnes in the 2010/2011 crop season, COCOBOD has announced. With about six weeks to end the...
The Minister of Food and Agric, Dr Owusu Afriyie Akoto has sworn in an 11-member new Board of Directors for Ghana Cocoa Board (COCOBOD), at a brief ceremony in Accra. The 11-member team comprising 10 male and one female is chaired by Mr Peter Mac Manu, who succeeds Mr Hackman...
The two-world leading producers of cocoa, Ghana and Cote d’Ivoire have agreed to the establishment of an office, in Ghana, responsible for the implementation of the Living Income Differential (LID), a major cocoa initiative aimed at addressing the poor living conditions among cocoa farmers. The signing of the bilateral agreement...
Ghana and Cote d’Ivoire are the world’s biggest producers of cocoa but rely heavily on standards and regulations developed by the European Union, a situation which leaves the West African nations vulnerable, says Nico Roozen, Honary President of Solidaridad Network. The EU is currently developing new standards for the cocoa...
Ghana and Côte d'Ivoire took a bold step in June 2019, to start an initiative that was later seen by many as a masterstroke that would bring some relief to cocoa farmers in the cocoa processing value chain. Even though the two countries produce close to 60 percent of the...
The Ghana Cocoa Board (COCOBOD) is planning to electronically pay all its farmers to stimulate the digital economy and also ensure the security of funds, a Deputy Chief Executive Officer at COCOBOD, Dr. Emmanuel Opoku has said. The move which is expected to be piloted at the coming cocoa season...
linking Production & value-addition investment Strategy to the economic sustainability of Cocoa farming & Ghanaian investors. On the 27th of May 2021, Ghana Investment Promotion Authourity (GIPC), organised the GIPC Cocoa Value Chain Investment Meeting with key stakeholders in the sector. As a cocoa farmer’s son with a keen personal...
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