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...
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...
Cargill Ghana Limited, a subsidiary of Cargill Cocoa & Chocolate, has provided food items to over 1,000 families in different communities in Tema and its environs where the company operates. The gesture was in fulfilment of the company’s pledge to support the vulnerable and less privileged to cope with...
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...
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...
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...
About 174,000 cocoa farmers in 450 cocoa-growing communities in Ghana have received Personal Protective Equipment (PPEs) worth GH¢454,000.
The items, procured by the Mondelez International in partnership with Child Rights International (CRI), are meant to assist cocoa farmers in their fight against the deadly respiratory disease.
The items were handed over...
As part of its ongoing efforts to tackle child labour in the cocoa sector, Cargill has announced progress on measures and partnerships taken to reduce child labour incidences in cocoa farming communities of the world.
The company has been partnering cocoa-farming communities to identify, remediate and prevent child labour through...
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...