Category: Agribusiness
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2022 light crop season to close on September 8 – COCOBOD
The Ghana Cocoa Board has announced that purchases for the 2022 light crop season will cease at close of business on Thursday, 8th September 2022. According to the Board, returns on the declared purchases will be accepted up to 4:00 pm on Thursday, 15th September in order to assist the Licensed Buying Companies (LBCs) to…
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Government receives last tranche of $96m machinery to boost farming productivity
The government of Ghana through the ministry of Food and Agriculture has received the third tranche of the Brazilian government consignment of a 96 million dollar loan facility provided to support planting for food and job. The Minister of food and agriculture, Dr. Owusu Afriyie Akoto who received the consignment here in Accra was optimistic…
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Gov’t must invest more resources into agriculture sector – Agribusiness Chamber
A Value Chain Development Specialist and Director of Policy and Research Bureau, Chamber of Agribusiness Ghana, Kojo Ahiakpa, has called on the government to explore the by-products of natural gas in the manufacture of fertilizers. Speaking to Citi Business News, he suggests that to avert the looming possibility of price hikes in fertilizers in the…
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Côte d’Ivoire-Ghana Cocoa Initiative clarifies its stance on origin differentials for cocoa beans
The Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) has denied reports regarding its publication of origin differentials for Côte d’Ivoire and Ghana. The Initiative, in a statement, insisted that the two countries still stand by the decision to no longer sell their cocoa at origin differentials below zero, contrary to recent publications by other outlets. Find below…
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USAID Feed the Future Program provides funding to Agrihouse Foundation’s 1H1G Initiative
The United States Agency for International Development (USAID) and the Alliance for a Green Revolution in Africa’s (AGRA) Ghana Inclusive Agriculture Transformation (GIAT) program announced funding support for the delivery of the Agrihouse Foundation’s 1Household, 1Garden initiative (1H1G). The new project is receiving financial support from USAID’s Feed the Future initiative through AGRA. The 1H1G…
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Yara’s Grow Ghana initiative to help empower farmers and boost yields
Yara Ghana took delivery of 18,000 metric tons of high-quality YaraMila Actyva fertilizer at the Port of Tema. The Norwegian multinational agricultural company, which has been established in Ghana since 2007, is committing USD 20 million to supply these fertilizers to local farmers. This is expected to benefit ~100,000 productive smallholder farmers and help enhance…
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Parliament approves US$1.3 billion cocoa syndicated loan for next crop season
Parliament has approved a US$1.3 billion cocoa syndicated loan. The facility, which is the largest soft commodity deal in sub-Saharan Africa, will be used to finance cocoa purchases and related operational activities in the 2022/2023 crop season. Since the 1992/1993 crop season, COCOBOD has consistently and successfully, through the pre-export syndicated finance facility, obtained a…
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Help COCOBOD develop a robust risk management system – IAA Boss
A five-member Audit Committee has been inaugurated by the Director-General of the Internal Audit Agency (IAA), Dr. Eric Oduro Osae at the Ghana Cocoa Board (COCOBOD). Dr. Oduro Osae charged the committee should help the organisation to develop a robust risk management policy to anticipate risks, ensure constant awareness of the organisation’s risk exposures and…
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Financing agric sector alone not enough to grow it – GIRSAL CEO
The Chief Executive Officer of Ghana Incentive-Based Risk-Sharing System for Agriculture Lending (GIRSAL), Kwesi Korboe, has reiterated calls for the creation of a conducive environment for agribusinesses to grow in the country. According to him, financing the agricultural sector alone is not enough to grow the sector, though it is important. His call follows various…
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Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister
The Minister of Food and Agriculture Dr. Owusu Afriyie Akoto, has reiterated government’s plan to introduce legislation that will compel banks to lend more to the Agriculture sector. He made the remark at the launch of the Agriculture Stakeholder Convening and Advocacy Platform (ASCAP) by GIRSAL in Accra. The platform will seek to engage government…