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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

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    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

  • Business
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    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
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    • Tourism
    • Transport

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

  • TECHNOLOGY

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

  • INTERNATIONAL
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    • Asia
    • Europe
    • Middle East
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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

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COCOBOD to officially close 2021 light crop cocoa season on Friday

byAnita Arthur Kissi-Mireku
September 2, 2021
in News, Top Stories
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Ghana Cocoa Board has announced that purchases for the 2021 Light Crop Cocoa Season will cease at the close of business on Friday, 3rd September 2021.

In order to assist the Licensed Buying Companies (LBCs) to obtain the final returns from up-country, Ghana Cocoa Board has decided that returns on the declared purchases will be accepted up to 4:00 p.m. on Thursday, 9th September 2021.

This comes after Ghana achieved a historic cocoa production record of 1,033,132.19 metric tonnes for the 2020/2021 crop season as at August 2021 – beating a 10 year-record production of 1,024,000 metric tonnes in the 2010/2011 crop season, COCOBOD has announced.

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The Chief Executive of COCOBOD, Joseph Boahen Aidoo earlier announced that he was hopeful of further increasing the production of cocoa beans to about 1,060,000 metric tonnes to officially end the season.

Ghana’s cocoa season runs two cycles, consisting of the main crop season and the light crop season.

The light crop season usually lasts for 11 weeks from June to September, while the main crop season lasts from October to May.

Electronic Weighing Scales

Ghana will, from the 1st of October this year, begin using specialized electronic weighing scales that will be used by Licensed buying companies to address the issue of cocoa farmers being cheated at weighing points.

Although the industry regulator, Ghana Cocoa Board’s official weight for a bag of cocoa is 64kg, the cocoa buyers blatantly disregard it and operate by their own rules by adjusting their scales to the detriment of farmers.

Mr. Boahen Aidoo said his outfit in collaboration with the Ghana Standards Authority had secured scales with a weighing capacity of 150 kilograms for the cocoa industry.

“We have worked on this together with the LBCs in total agreement to change the weighing scales from the manual to the electronic system. We wanted the kind that can be used everywhere in the country. So we have procured both electronic and solar scales. This will end the days when our cocoa farmers felt cheated by LBCs who they claimed adjusted their weighing scales,” he stated.

“Therefore effective 1st October 2021, which marks the beginning of the new crop season 2021/2022 Ghana is going to use the electronic weighing scale. That is what is going to be used throughout the country and as a regulator, we want to announce for all our partners and stakeholders to know. So if you go to weigh your cocoa, and it’s not COCOBODs electronic scale, it means that scale is unauthorized”.

The new electronic scales were recommended by the Ghana Standards Authority, following an inspection of the mechanical scales presently used across the country.

Related Posts

Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)
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Local currency crosses ¢10 to one dollar mark on retail market

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The local currency has crossed the ¢10 to one dollar mark on the retail market. A visit by Citi Business...

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VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

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