By Kizito CUDJOE The Gold Fields Ghana Foundation is investing over US$28,000 in a programme to support a total of 120 farmers, in a bid to ramp up cocoa production in host communities. The investment is in line with the Foundation’s commitment to sustainable development and community empowerment, aiming to increase...
For a record time, Ghana’s cocoa yields for the 2020-21 crop year soared to over one million tonnes, according to data from the Research, Monitoring and Evaluation Department of the Ghana Cocoa Board (COCOBOD). This is after nine years of turbulent annual production since the crop year 2010/11, with...
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...
Ghana Cocoa Board (COCOBOD) is planting over 1.6 million forest trees in the 2020/2021 cocoa crop year on cocoa farms across the country. This forms part of COCOBOD’s National Cocoa Rehabilitation Programme. The rehabilitation programme is to replace about 40% of the country's cocoa tree stock, which are either overage...
Last year was the third-worst this century for tropical tree-loss, according to new data released Tuesday by Global Forest Watch - an online platform that provides data and tools for monitoring forests. There is, however, a sliver of good news: the world’s most important cocoa-producing countries, Côte d’Ivoire and Ghana, showed signs...
The Managing Director of Cocoa Merchants Ghana Limited (CML), Alhaji Abdul Fataa Adamu, has highly praised cocoa farmers for their commitment to the company while announcing a GH₵1.4million premium for the 2021/22 cocoa season for farmers. Speaking at the 2022 launch of Beyond Beans Foundation and Cocoa Merchants Sustainable Cocoa...
A software for purchasing and monitoring cocoa electronically is set to help drive the cash-lite agenda for financial inclusion in the country. Popularly called CocoaAsempa, the software has enhanced financial intermediation and inclusion amongst farmers and farmer groups. There has indeed been some level of success with the mobile...
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...
Federated Commodities Limited (FEDCo), a licensed cocoa buying company, has presented a cheque for GH¢4.5million as premium to certified cocoa farmers for the 2021/2022 crop season. The premium is to encourage the famers to give off their best, especially on best farming practices, and it also forms part of the...
Joseph Boahen Aidoo, Chief Executive Officer of Ghana Cocoa Board (COCOBOD), says management has resolved to reduce the huge debt burden. The huge chunk of debt accumulation - approximately GH¢12.30billion as of September 2020 - emanates from short-term cocoa loans of about GH¢8.49billion, accounting for 69.02 percent of total...