Category: Agribusiness
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Local banks must fully fund cocoa syndicated loan in future – Hackman Owusu-Agyemang
Board Chairman of COCOBOD, Hackman Owusu-Agyemang, has urged local banks and financial institutions to strategically position themselves, so they are able to fully provide the loan COCOBOD needs to purchase cocoa beans in the not too distant future. Since the 1992/1993 cocoa crop season Ghana’s cocoa sector regulator, has been signing syndicated loan facilities with…
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Farmers elated about siting of new rice processing factory in Sefwi Akontombra
As parts of efforts by the government to boost productivity and increase job opportunities, the government with funding from the African Development Bank through the Agricultural Commodity Processing Development of the Rural Enterprise Program (REP) have started a rice Processing Factory in Sefwi Akontombra in the Western North Region. The factory- Sefwi Akontombra Rice Processing…
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Over 600 bags of maize harvested from Citi FM/Citi TV farm
The Management of Citi FM/Citi TV has harvested over 600 bags of maize from 10 out of its 20-acre maize plantation in the Akuapem North District of the Eastern Region. The farming initiative, which is in partnership with Glofert Fertilizer Company, forms part of the station’s commitment towards the ‘Operation Feed Yourself’ campaign, which was…
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Farmers welcome new Cocoa Producer Price but call for protection of trees
The Concerned Farmers Association of Ghana has welcomed President Nana Akufo-Addo’s announcement of a 28 percent increase in the farmgate price of cocoa, for the upcoming 2020/2021 crop season. It, however, said more attention needs to be given to other pressing needs of cocoa farmers. The increase in the Cocoa Producer Price, which represents the…
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GCCP advocates for increment in cocoa producer price
The Ghana Civil-Society Cocoa Platform (GCCP) has demanded from COCOBOD, an increase in the producer price for cocoa to improve the living standards of Ghanaian cocoa farmers. “Our greatest concern in this milestone, however, is to see a direct and obvious change in the farm gate price of cocoa beans, such that farmers’ income and…
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Cashew processors call for more support to increase local processing
Cashew processors are calling on government to support them to improve local processing of cashew in the country to increase their yield, and also assist them by regulating pricing to ensure fair trade. According to them, despite the high nutritional and economic value of cashew products, local demand is very low. Speaking to Citi Business…
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Fruit retailers lament drop in sales after initial Coronavirus-induced boom
About six months after the initial spike in demand and clamour for fruits of all types, to boost the immune system of Ghanaians to ward off COVID-19, some retailers of fruits say they have experienced a surprisingly significant drop in sales. Even though there was an increase in purchases in the first few weeks after…
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Local cashew farmers urged to venture into cashew apple processing
The Competitive Cashew Initiative (COMCASHEW) has called on local cashew processors in Ghana to venture into the processing of cashew apple which has a lot of potential. According to COMCASHEW, the venture has not been explored enough. Speaking to Citi Business News on the sidelines of the third session of the Master Training Programme, Mrs.…
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COCOBOD closes purchases for 2020 light crop cocoa season
This year’s light crop cocoa season has been closed from today, Thursday, September 17, 2020. “It is hereby notified for the general public’s information that purchases for the 2020 Light Crop Season would cease at close of business today, Thursday, 17th September 2020,” a statement from the Ghana Cocoa Board (COCOBOD) noted. Ghana’s cocoa season…
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Cocoa Cooperative rolls out exposure mitigation program to support farmers
With COVID-19 still affecting all aspects of life, cocoa farmers in Ghana are struggling to meet production targets due to the impact of the pandemic. Some of these cocoa farmers in rural communities have little or no access to hand hygiene, sanitation facilities, and information on COVID-19 prevention measures. As a result, a COVID-19 Exposure…