Tuesday, September 28, 2021
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's cocoa purchases fell between October and mid-January compared to last season and it may miss its full-season output target because of dry weather, senior regulatory sources said. Cocoa purchased from farmers and delivered to the regulator Cocobod totalled 560,000 tonnes between the beginning of the season in October and...
Ghana Cocoa Board (Cocobod) is vigorously exploring prospects in the Chinese market for the country’s premium cocoa products, for which reason meetings have been ongoing between the two sides. Cocobod also plans to make a good showing at the maiden China International Import Exposition to be held in Shanghai from...
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...
Kuapa Kokoo, a cocoa farmers' co-operative organization, is to set up a coffee processing plant and coffee plaza at Ampabame and Daatano respectively in the Ejisu Juaben district of the Ashanti Region under its sustainable development programme, Managing Director  for the organization, Samuel Adimado, has revealed. Mr. Adimado indicated that...
Excess supplies seen falling from record to about 50,000 tonnes Demand is growing in countries, including Indonesia and India The world just can’t get enough chocolate. With "tremendous" demand in emerging markets looking set to continue this season, the world’s third-largest cocoa processor is projecting a sharply smaller global surplus....
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...
Cocobod has initiated reforms to clear its debts of up to 19.6 billion cedis (US$4.45bn) which resulting from bloated contracts and wasteful expenditure by previous managers, the chief executive said last week Wednesday. Joseph Boahen Aidoo said, on taking up his post in February, that his administration had discovered US$400million...
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...
The General Manager of Cadbury Cocoa World, Mr. Gerrard Baldwin, has described the country’s cocoa as best quality and a key ingredient of Cadbury chocolates and other confectioneries. Mr. Baldwin said that about 25% of cocoa used for making Cadbury chocolates is sourced from Ghana. According to Baldwin, Cadbury World -...
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