Category: Agriculture
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StanChart, Ghana Commodity Exchange sign MoU to assist farmers
Standard Chartered Bank Ghana Limited and the Ghana Commodity Exchange (GCX) signed an MOU to support Ghanaian farmers through access to financing and capacity building. The signing ceremony took place at the premises of the Ghana Commodity Exchange (GCX) in Accra. In his address, the CEO of GCX Dr. Kadri Alfah expressed his excitement to…
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Agric sector’s performamce in Q1 worrying — Prof. Quartey
Economist with the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government to pay more attention to the policies it has adopted for the country’s agricultural sector following a dip in the sector’s contribution to the country’s GDP figures for the first quarter of the year. The Gross Domestic…
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COCOBOD opens cocoa light crop season, price unchanged at 7,600 cedis/tonne
Ghana’s Cocobod will open its cocoa light crop purchases on Friday, maintaining the price it pays farmers at 7,600 cedis ($1,407) per tonne, the regulator said on Wednesday. The world’s second largest cocoa exporter after Ivory Coast runs a two-cycle cocoa season consisting of the main crop which is mainly exported and the light crop…
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Cocobod seeking US$1.3bn syndicated loan for cocoa purchases
Cocobod has begun talks with some banks outside the country to help facilitate about US$1.3 billion needed to purchase cocoa beans in the upcoming 2019/2020 crop season. Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo earlier told the media, “Initially we are expecting $1.3 billion. We tread cautiously even though our production has gone above…
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Cocoa prices rise as Ghana, Cote d’Ivoire threaten supply cut
Cocoa prices rose sharply on Wednesday after key producers Cote d’Ivoire and Ghana threatened to stop selling their products to buyers unwilling to meet a minimum price. The threat pushed the September forward contract for the commodity, listed in New York, to $2,540 a tonne, up 1.4 percent on the day. The two African nations,…
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Ghana, Cote d’Ivoire secure US$2,600 minimum price for tonne of cocoa
Stakeholders in the cocoa value chain have agreed to a proposal by Ghana and Cote d’Ivoire to set a minimum price of US$2,600 per tonne for the cash crop after a historic meeting in Accra, the two countries have announced. The two-day meeting held in Accra, which was called at the instance of the two…
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Bawumia backs cocoa buyers, chocolate manufacturers to agree to minimum price for cocoa
Vice President Dr. Mahamudu Bawumia is backing major cocoa beans buyers, top chocolate manufacturers among other stakeholders meeting in Accra, to agree to a proposal of introducing a maiden floor price for the cash crop. The meeting which has been called at the instance of Ghana and Cote d’Ivoire is to agree among all key…
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Ghana, Cote d’Ivoire in historic meeting with cocoa buyers in Accra to discuss floor price
Ghana and Cote d’Ivoire will today begin a two-day meeting in Accra with buyers, processors of cocoa beans from all over the world to discuss proposals of setting a minimum price for the cocoa bean produced by the two countries. The meeting has been necessitated by the fact that the two countries only get US$6…
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Post-harvest management will attract investors to agriculture sector–AgroCenta CEO
The Chief Executive Officer of AgroCenta LLC Francis Obirikorang has urged stakeholders in the agricultural value chain to pay attention to post harvest management. According to him, solving the challenge of post-harvest losses will reduce risks associated with agriculture. Mr. Obirikorang who was speaking on the Citi Breakfast Show as part of the on-air series…
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Farm gate prices should be influenced more by farmers – Stakeholders
Stakeholders in the cocoa value chain in Ghana have bemoaned the low level of impact of farmers on the Cocoa Producer Price Review Committee when it comes to the setting of farm gate prices for cocoa. According to them even though farmers are represented on the committee, they don’t wield much power to influence the…