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...
The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, according to a draft of a U.S. government-sponsored report seen by Reuters. More than 2 million children worked in the sector last season...
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...
Ghana’s forests require better care if cocoa farming is to be sustainable. Wikimedia Commons Cocoa production has been the backbone of Ghana’s economy since the 1870s. It dominates the agricultural sector and contributes about 30% of the country’s export earnings. Cocoa employs about 800,000 farmers directly. It also supports the...
Cocoa sector says sustainability efforts have fallen short Companies, governments, NGOs pledge joint action going forward Chocolate companies, cocoa buyers should pay fair price Origin countries must limit output, curb deforestation Companies and governments have pledged to tackle poverty, deforestation and human rights abuses in the cocoa supply chain,...
Smaller crops, more demand pave way for balance in 2017/18 Cargill looking to expand origin processing, focus on Africa Company to work with Ivory Coast on high-yield seed concerns Cargill sees the cocoa market broadly balanced in the current 2017/18 season and is aiming to expand its processing capacity...
Nyonkopa Cocoa Buying Limited a subsidiary company of Barry Callebaut, the world leading manufacturer of high-quality chocolate and cocoa products has paid a of GH¢ 8,839.993 as premium to farmers at separate durbars this year for sustainable cocoa production. As a tradition of the Horizon program, all trained and certified...
1,000ha of cocoa trees to be replanted in 4-yrs Cocobod has announced plans to undertake a nationwide exercise to remove all swollen shoot-affected cocoa trees, to prevent spread of the viral disease. The control programme, which has received government’s approval and is expected to commence soon, will include replanting...
The District Manager of Kuapa Kooko Limited (KKL) at Akontombra in the Western Region, Eric Fiifi Cudjoe, is in the grips of the Police for allegedly embezzling GH¢4,850,700, belonging to the company. The amount he is alleged to have expended was meant for the purchase of 10,212 bags of cocoa...
 “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...