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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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    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

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

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

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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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    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

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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 partners Academy of Arts and Sciences to boost cocoa consumption

March 30, 2022
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The Ghana Cocoa Board (COCOBOD) and the Ghana Academy of Arts and Sciences (GAAS) have joined forces to conduct extensive research into the use of cocoa in the treatment of some global life-threatening diseases.

The collaborative project seeks to further explore the health benefits of cocoa to encourage its consumption.

This latest move between GAAS and COCOBOD is also to enhance a deeper and closer collaboration to further stimulate the agenda of encouraging the consumption of cocoa due to its enormous health and nutritional benefits.

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The research will focus on how cocoa can help manage cardiovascular diseases such as hypertension, diabetes, high and low-density lipoprotein cholesterol, overweight or obesity, and thrombosis.

President of GAAS, Emeritus Prof. Sefa Dede mentioned that the collaboration with COCOBOD would help promote research and development and also discover ways to address some challenges hampering Ghana’s industrialization and economic expansion.

“GAAS gives its commitment to this collaboration to bring urgently needed relief to our people,” he said.

According to him, the partnership between science and industry extends to businesses, considering that the multibillion-dollar cocoa and chocolate industry is estimated at US$120 billion.

Africa, the largest global producer of the commodity, earns only about 5% with a per capita consumption of 0.6kg (600g).

Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, emphasized the value of cocoa as an integral ingredient in the confectionery and cosmetic industries and the need for it to be looked at critically.

In light of this, he believes that in the current era of innovation, there is the need for adequate empirical facts to support claims regarding the health properties of cocoa.

“Anecdotal reports alone are no longer sufficient. The statements must be backed by scientific proof, and this novel collaborative approach is being driven in Ghana by our scientists,” he further stated.

Meanwhile, the joint initiative between GAAS and COCOBOD is expected to make a business case for the increased consumption of cocoa not only in Ghana but also in the West African Sub-region.

GAAS is aspiring to begin work sooner rather than later as the mandatory approvals have been confirmed and study sites are reedy for immediate takeoff.

Tags: Ghana Academy of Arts and SciencesGhana Cocoa BoardGhana News
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