There is a lot of money in chocolate but the producers of the raw material see very little of it.
Last year the retail industry was worth $107bn (£78bn), according to one projection, but Ghana - the world's second largest cocoa producer - earned just around $2bn.
This is a familiar...
For the past 30 years, we have seen acclaimed sustainable certification organisations, telling the whole world that there is a need to fight for fairer trade for farmers across the Globe. One of such certifications is Fairtrade, which have indicated in their mission statement, as committed to connecting disadvantaged...
Ghana's President Nana Addo Dankwa Akufo-Addo has taken the boldest economic step in recent memory by announcing that Ghana will no longer export raw cocoa to Switzerland – and, perhaps, other western countries. Rather, the world’s second-largest producer of cocoa will increase cocoa processing and chocolate production for export.
Switzerland...
Ghana and Côte d'Ivoire have agreed to form a joint committee and find a lasting solution for security challenges faced by cocoa farmers along southern parts of the two countries’ shared border.
Ghanaian cocoa farmers who farm across the Tano River are often accosted by Ivorian para-military forces when they...
With rising COVID-19 infection rates, a reintroduction of social restrictions and the ensuing socioeconomic toll on some of the most vulnerable people that has characterized the turn of the year, a not-for-profit development outfit – Cocoa360 – is easing the strain on government’s efforts at curbing the disease, with...
For years now, cocoa farmers income from the sector has kept decreasing while the cost of production and living has kept increasing. Cocoa farmers, who ignited an industry worth over £131bn, are unable to afford the quality of life enjoyed by even the lowest-paid person working in the cocoa...
As part of efforts to encourage the consumption of chocolate, the Ghana Cocoa Board (COCOBOD) has launched the 2021 National Chocolate Week.
The 2021 edition, which is under the theme: “Eat Chocolate; Stay Healthy; Grow Ghana”.
will start from February 8 and will climax on Valentine’s Day, which is the 14th.
COCOBOD...
The Ghana Cocoa Board (COCOBOD) is to appear before Parliament over non-payment to cocoa farmers through their respective Licensed Buying Companies (LBC) for the period of the 2020/21 crop season.
First Deputy Speaker Joseph Osei-Owusu gave the directive in a reaction, after a statement by Mr Kofi Adams, MP for...
Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used is an economy to produce a given level of output. Usually, increase in productivity in very...
Records further loss of US$4.3m in 2019
Shareholders still awaiting dividends after many years
Cocoa Processing Company (CPC) Limited hopes to take advantage of the African Continental Free Trade Area (AfCFTA) agreement to turn around the ill-fortunes which have beset the company for many years - leading to the...