Local banks are pushing for better terms in the restructuring of cocoa bill holdings as government proposes to replace them with five new bonds.
Information from the market suggests that the new bonds come with a coupon rate of 12 percent - significantly lower than the previous average entry rate...
Dr. Emmanuel Opoku, Deputy Chief Executive in charge of Operations at Ghana Cocoa Board (COCOBOD), has given the assurance that Ghana would continue to sell cocoa to the European Union considering the significant progress made in efforts to achieve the goals of the Ghana Cocoa Traceability System (GCTS).
He, therefore,...
…as African producers’ inch closer to setting-up an exchange
African cocoa producers are working toward establishing an African Cocoa Exchange (AfCX) with the aim of reshaping pricing for cocoa on the global market - in a significant step to address the long-standing issue of limited influence over global cocoa prices,
A stakeholder workshop organised by the...
Cocoa prices experienced a further rally last week, due to growing concerns about the potential impact of an El Nino weather event on global cocoa production.
Last Friday, cocoa prices reached their highest level in a month for nearest-futures contracts, building on the gains observed on Thursday due to worries...
Cocoa farmers in Ghana are improving yields and mitigating climate change by adopting climate-smart cocoa practices while curbing deforestation.
Ghana has earned US$4.8million for reducing nearly 1 million tonnes of carbon emissions caused by deforestation and forest degradation - with up to US$45million expected by the end of...
The global cocoa market experienced a surge in prices during April 2023, reaching a six-year high in both the London and New York markets, according to the April 2023 cocoa report by the International Cocoa Organization (ICCO).
Prices of the front-month cocoa futures contract rose by 5 percent in...
The Food and Agriculture Minister, Bryan Achaempong, has emphasised the importance of vigilance among stakeholders involved in the Ghana-Cote d’Ivoire cocoa cooperation framework - urging them to safeguard the cooperation against the influence of external actors who may attempt to undermine the joint effort for their personal benefit.
As part...
While world's biggest chocolate companies see their profits soar, they fail to keep their promises to improve the wages of the farmers who grow cocoa in Ghana, one of the main producing countries in the world, NGO Oxfam has denounced in a report.
In a report published recently, Oxfam said...
The Ghana Cocoa Board (COCOBOD) has reiterated the need for cocoa farmers to embrace hand-pollination exercises to help boost productivity and enhance their income and livelihoods.
The COCOBOD is scheduled to start this year’s mass pollination in June. The programme’s objective is to increase farm yields and national production, as...
The cocoa industry has experienced its second reversal in farmgate prices over the past five mid-seasons due to global developments, says the March 2023 Cocoa Market Report by the International Cocoa Organisation.
The report shows that the farm-gate prices in US$ nominal terms have been higher in Ghana than in...