Tuesday, September 28, 2021
Nyonkopa Cocoa Buying Limited continues to make giant strides in Ghana’s cocoa industry. The latest of its many innovative interventions is the launch of Nyonkodo Farmer Life Plan, a bundled insurance, pension and scholarship plan for its farmers at Sefwi Wiawso in the Western Region of Ghana. Speaking at the...
Despite an extended government ban on illegal mining and deployment of a joint task force to curb the menace, ‘galamsey’ activities along communities on the River Pra are still prevalent and slowing down efforts to help regain Ghana’s depleting fish stock. David Koomson, the Shama District co-management committee chairman said,...
Prudential Bank and UBA have offered the Cocoa Processing Company Limited (CPC) US$5million and US$10million guarantees respectively, to enable the leading cocoa processor to purchase cocoa beans for the production of chocolate and other cocoa products for export and local consumption. Nana Agyenim Boateng, Managing Director of the company, disclosed...
Ghana has singed a new Strategic Partnership Agreement with Cote D’Ivoire, which is aimed at addressing the challenges of the cocoa sector, called the “Abidjan Declaration.” Per the framework for the implementation of the Strategic Partnership Agreement, the two countries, are expected to end smuggling and help set an equal...
Smaller crops, more demand pave way for balance in 2017/18 Cargill looking to expand origin processing, focus on Africa Company to work with Ivory Coast on high-yield seed concerns Cargill sees the cocoa market broadly balanced in the current 2017/18 season and is aiming to expand its processing capacity...
Cocoa sector says sustainability efforts have fallen short Companies, governments, NGOs pledge joint action going forward Chocolate companies, cocoa buyers should pay fair price Origin countries must limit output, curb deforestation Companies and governments have pledged to tackle poverty, deforestation and human rights abuses in the cocoa supply chain,...
The Ghana Cocoa Board (Cocobod) is seeking to raise an about-US$750million facility from a consortium of banks to help finance a massive cocoa rehabilitation programme, aimed at replacing more than half of the country’s overaged tree stock. The US$750million loan facility will be raised from local and foreign banks, is...
The Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, has said, Ghana’s US$2.5billion annual earnings from cocoa commodity is abysmally low, even though the global market worth over US$100billion. This, he said, calls for the need to increase domestic value-addition to enable the country, which is the second-largest global...
The Finance Minister, Mr. Ken Ofori Atta, has explained that government’s decision to maintain the producer price of cocoa for the 2017/18 crop season, at GH¢7,600 per tonne, was to minimise effects of the decline in price of the commodity on the world market, on cocoa farmers. He said the...
Chief Executive Officer of Ghana Cocoa Board (Cocobod), Joseph Boahen Aidoo, has assured lenders that the company is on course to meet its financial obligations in respect of the US$1.3billion syndicated loan, in spite of a dwindling crop harvest caused by dry weather and plant disease. “We have shown over the...
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