An estimated US$400 million or more is expected to be used to address the ravaging Cocoa Swollen Shoot Virus Disease (CSSVD), and overaged or moribund cocoa farms, which have significantly affected the country’s cocoa production for some time now.
According to the Ghana Cocoa Board (COCOBOD), about 40 percent of...
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...
For the past 30 years, we have seen acclaimed sustainable certification organisations, telling the whole world that there is a need to fight for fairer trade for farmers across the Globe. One of such certifications is Fairtrade, which have indicated in their mission statement, as committed to connecting disadvantaged...
Chocolate is certainly not a “JJC” (Johnny Just Came) consumable in the world’s list of delicacies. Made from cocoa, chocolate has been around for about 5000 years, evolving through various civilizations and processing phases into a big time delectable industry (cultivation, processing and consumption) today, with a retail market...
Despite the growing threat of COVID-19 to virtually all aspects of business and the economy, the Ghana Cocoa Board (COCOBOD) has given the strongest assurance that its annual cocoa syndication loan facility will go ahead without any hitches.
Joseph Boahen Aidoo, CEO of COCOBOD, assured farmers and other industry stakeholders...
As impressed on the populace by President Nana Akufo-Addo, in order to achieve a Ghana beyond aid, the country needs to change the structure of its economy from one that mostly produces raw materials to one of value addition.
At a one-day cocoa-investors’ forum that brought together key players in...
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...
Ghana’s Cocoa sector is estimated to contribute about 3.5 percent to GDP and makes up about 25 percent of total export receipts. It is one of the most beneficial traditional commodities that have been the bedrock for the country. Despite its enormous potential, the sector has been at risk...
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...
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...