“What's the brain surgery in making chocolates? The price of cocoa beans always falls, but never the price of chocolates”
Around the world, chocolate in all shapes and sizes symbolise Easter and bring joy to millions of kids and adults alike. And the demand for chocolate will most likely continue...
COCOBOD has signed a 1.3-billion-dollar syndicated loan with 28 banks to finance the purchase of cocoa beans for the 2020/2021 crop season.
The meeting which was organized via a video conferencing due to the COVID-19 pandemic saw 28 banks participate in this year’s syndication.
The loan has an interest rate of...
An official ceremony hosted by the Ghana Cocoa Board honoured Simon Marfo, a Ghanaian cocoa farmer who won the prestigious Cocoa of Excellence International Cocoa Award at the recent Salon du Chocolat in Paris, France.
Marfo is a member of the Cocoa Abrabopa Association (CAA) and benefited from fine flavour...
The pioneering initiative to train the next generation of cocoa farmers, is expected to bring a significant contribution to the country’s cocoa production, as a total of over 12,000 youth have been trained to venture into cocoa farming and its related businesses, by the MASO programme, being undertaken by...
Cocoa remains Ghana`s most important export crop representing nearly 40 percent of total exports. Due to its significant foreign exchange earnings, the Government of Ghana has set up the Ghana Cocoa Board under the Ministry of Finance and Economic Planning to regulate the sector with the hope of ensuring...
The Ghana Cocoa Board (COCOBOD) is to appear before Parliament over non-payment to cocoa farmers through their respective Licensed Buying Companies (LBC) for the period of the 2020/21 crop season.
First Deputy Speaker Joseph Osei-Owusu gave the directive in a reaction, after a statement by Mr Kofi Adams, MP for...
The quest by Ghana to transform its economy through Agriculture continues to gain momentum under the leadership of President Nana Addo Dankwa Akufo-Addo.
Following the successful implementation of the food crop module of its flagship Planting for Food and Jobs (PFJ) initiative, government is set to achieve yet another milestone...
seeks US$1.5bn for the 2021/2022 season
The Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo, has indicated that despite the dreadful impact of COVID-19 on economic activities, cocoa production for the 2020/2021 crop season far exceeded its projected target - rendering the syndicated loan secured for the crop...
Solidaridad has partnered the Department of Cooperatives in Ghana to facilitate the establishment of a robust regional and national cooperative association to increase cocoa farmers’ participation in decision-making.
The partnership was formalised by signing a memorandum of understanding (MoU) during a brief ceremony at Solidaridad’s office in Accra.
This is against...
The world’s two largest cocoa producers, Ivory Coast and Ghana have created a joint body to improve coordination in research, price setting and the fight against child labour, the Ivorian government said on Thursday.
The two countries, which produce around 60% of the world’s cocoa, have coordinated on some of...