Demeter Ghana Limited and Beft Agro Limited have renewed their partnership with the Ghana Cocoa Board (COCOBOD) to provide cocoa farmers with Omya Calciprill to tackle soil acidity (low pH). Studies have shown that low soil pH levels lead to low cocoa cultivation yields as it inhibits the levels of...
The Cedi weakened marginally to a fresh dollar low this week, trading at 10.48 from 10.45 at last week’s close. Moody’s became the latest to cut Ghana’s credit rating, lowering by one rung to Caa2, eight levels below investment grade, citing macroeconomic deterioration that has dealt a further blow...
Cocoa Merchant Ghana Limited (CML) and BeyondBean Foundation have announced GH₵1,115,200million premium for the 2020/22 cocoa season for farmers in Samreboi, which translates to GH₵20.50 per bag that will be purchased within the period. This announcement represents a 33.3 percent increase of the GH₵15 per bag premium paid during the...
Federated Commodities Limited (FEDCo), a licensed cocoa buying company, has presented a cheque for GH¢4.5million as premium to certified cocoa farmers for the 2021/2022 crop season. The premium is to encourage the famers to give off their best, especially on best farming practices, and it also forms part of the...
The country recorded 25.8 million (bbls) of crude oil in the first half-year of 2022 from its three offshore producing fields - Jubilee, Tweneboa Enyera and Ntomme (TEN) and Sankofa Gye Nyame (SGN), a reduction of about 1.9 million barrels from the previous year’s production. Jubilee recorded 14.9 million bbls,...
The Associate Executive Director of WACAM, Hannah Owusu-Koranteng, has stated that mining communities - especially cocoa farming areas - are being completely demolished as a result of weak laws and the lobby power of mining companies, which have emboldened them to bully farmers and local residents. She stressed that mining...
Blame unfair income Uncompetitive cocoa prices on the international market is forcing cocoa farmers in gold-producing areas to sell farmlands for illegal mining activities, the Ghana Civil-society Cocoa Platform (GCCP) has said. The situation is rather disturbing, given cocoa has been the main cash crop that has been the backbone...
Countries may ban the exportation of certain commodities from time to time. It is not an altogether uncommon thing to do, and it may occur for several different reasons. The length of time a commodity may remain banned is entirely relative to the reason or reasons it was banned for,...
But will farmers' expectations be met on 2022 Cocoa Day? October 1 is designated annually as Cocoa Day. It marks the commencement of the cocoa year which ends in September the following year. Cocoa Day is dedicated to celebrating the work and contributions of smallholder farmers to cocoa-producing economies and also...
Energy Minister Dr. Matthew Opoku Prempeh - together with senior officials of the Petroleum Commission, Ghana National Petroleum Corporation (GNPC) and GOIL - is in Houston-Texas, USA, on an oil and gas roadshow. The delegation also includes officials from Base Energy and is seeking to promote five available oil blocks...