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...
As part of efforts to increase cocoa productivity to over one million metric tonnes, the Ghana Cocoa Board (COCOBOD) has commenced a hand-pollination exercise across all production areas for the 2019/2020 season.
COCOBOD has therefore increased recruited and trained youth for the human-induced cross-fertilisation programme from 20,000 in the previous...
In a ceremony that complied with COVID-19 official meeting and social distancing guidelines, COCOBOD, Japan International Cooperation Agency, JICA, and other Development Finance Institutions have announced a US$600million credit facility for COCOBOD’s Productivity Enhancement Programmes (PEPs).
In November 2019, Development Finance Institutions (DFIs) including the African Development Bank (AfDB), Japan...
Ghanaian cocoa farmer cooperative, Kuapa Kooko, has lost 80 percent of its majority shares in British chocolate brand, Divine Chocolate, to a strategic investor. Kuapa Kooko Cooperative, which hitherto owned 45% majority shares in the company, would now hold only 20% ownership as Divine Chocolate Limited is sold to a...
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...
Ghana supplies 70% of all cocoa beans imported into Japan and cocoa is seen as one of the nation’s most essential import commodities
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of US$200million from a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer.
The...
The Ghana Cocoa Board (Cocobod) said on Tuesday that its annual pre-export financing will be raised as usual through a syndicated loan, denying a report its usual lenders had declined to underwrite the risk.
Loan Pricing Corporation, a unit of financial data firm Refinitiv, reported last week that financing for...
The Chief Executive Officer (CEO) of Ghana Cocoa Board(Cocobod), Mr. Joseph Boahene Aidoo, has hinted at conclusive discussions with President Nana Akufo-Addo to increase the price of cocoa in the coming months this year.
Currently, government buys one bag of cocoa beans from farmers at GH¢515.
The CEO said since the...
Physical interactions are less desired as cases of the COVID-19 pandemic surge in many countries. This has the potential to limit farmers' access to inputs and extension support services, which play a major role in enhancing farm-level productivity and improve farmers’ incomes and livelihoods. Under the Next Generation Cocoa...
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...