The Ghana Cocoa Board (Cocobod) is seeking to raise an about-US$750million facility from a consortium of banks to help finance a massive cocoa rehabilitation programme, aimed at replacing more than half of the country’s overaged tree stock. The US$750million loan facility will be raised from local and foreign banks, is...
Demeter Ghana Ltd., one of Ghana’s leading fertiliser manufacturer, has added on to its brands Polysulphate cocoa fertiliser – also known as ‘Asaase Hene’ – to boost cocoa production in the country. Asaase Hene is a multi-nutrient sulphate cocoa fertiliser which Cocoa Research Institute of Ghana (CRIG) trials have shown...
Cocoa Merchant Limited (CML) has entreated cocoa farmers not to be enticed into smuggling beans to neighbouring countries, as the development has significant revenue implications for the country as well as the cocoa sub-sector. According to the Managing Director (MD) of CML, Alhaji Abdul Fataa Adamu, the menace particularly robs...
The country can become a bigger force in the global cocoa industry by prioritising value addition. This is because around 80 percent of the global cocoa industry's annual wealth of between US$130billion and US$150billion is generated during secondary processing (cocoa paste manufacturing), which continues to be non-existent in the country. Intrinsically,...
Chocolate fans will not necessarily benefit from predictions of a fall in cocoa prices this year. A Reuters poll of London cocoa futures published on Monday forecast cocoa would cost 10% less at the end of the year because of rising production and a hit to demand from the...
About 1.5 million farmers to benefit Guarantees a lump-sum payment to Cocoa Farmers upon retirement President Nana Addo Dankwa Akufo-Addo has launched the Cocoa Farmers’ Pension Scheme, which is expected to benefit an estimated 1.5 million cocoa farmers across the country. Introducing the ‘3rd-tier retirement’ scheme ends the long-awaited call...
Ghana has singed a new Strategic Partnership Agreement with Cote D’Ivoire, which is aimed at addressing the challenges of the cocoa sector, called the “Abidjan Declaration.” Per the framework for the implementation of the Strategic Partnership Agreement, the two countries, are expected to end smuggling and help set an equal...
The two-world leading producers of cocoa, Ghana and Cote d’Ivoire have agreed to the establishment of an office, in Ghana, responsible for the implementation of the Living Income Differential (LID), a major cocoa initiative aimed at addressing the poor living conditions among cocoa farmers. The signing of the bilateral agreement...
 Cargill has reiterated its commitment to a transparent and sustainable cocoa sector which improves the lives of farmers and their communities in the five origin countries where it directly sources cocoa; Ghana, Brazil, Cameroon, Cote d’Ivoire and Indonesia. The highlights of latest efforts and progress made on this commitment are...
Chief Executive Officer of Ghana Cocoa Board (Cocobod), Joseph Boahen Aidoo, has assured lenders that the company is on course to meet its financial obligations in respect of the US$1.3billion syndicated loan, in spite of a dwindling crop harvest caused by dry weather and plant disease. “We have shown over the...