Category: Agriculture
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Lack of UK-GH Brexit deal threatening jobs in tuna industry
The lack of a new trade deal between Ghana and the United Kingdom (UK) post-Brexit, is threatening thousands of jobs in the tuna industry in Ghana. So far, the UK has inked post-Brexit trade deals with 13 African countries including Kenya, Ivory Coast and South Africa among others, which allows them to export some of…
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Ban on rosewood still in full force – Lands Ministry insists
The Ministry of Lands and Natural Resources has once again, stressed on the enforcement of the ban on rosewood felling and exportation in Ghana. “The ban on the harvesting, transporting and export of Rosewood still remains in full force and any person or group of persons who flout this ban will be arrested and prosecuted…
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Ghana, Ivory Coast to cancel all cocoa sustainability schemes of chocolate maker Hershey
Ghana and Ivory Coast, the world’s leading producers of cocoa have threatened to cancel all cocoa sustainability schemes that U.S.-based Hershey runs in these countries. Both countries according to Reuters have accused the chocolate maker of trying to avoid paying the cocoa premium known as the Living Income Differential (LID) which is aimed at combating…
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Farmer groups unhappy with passage of Plant Variety Protection Bill
Some farmer groups have kicked against the Plant Variety Protection Bill, which was passed by Parliament on Wednesday, 4th November 2020. They include the Peasant Farmers Association, General Agricultural Workers Union (GAWU), Food Sovereignty Ghana (FSG), Vegetarians Association of Ghana (VAG), and the Rastafarian Council of Ghana. The farmer groups say the Bill, which was…
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COCOBOD embarks on digitization drive with launch of Cocoa Management System
The Ghana Cocoa Board (COCOBOD), in its attempt to collate and leverage data on cocoa famers across the country for the purposes of transparency and effectiveness, has launched the Cocoa Management System (CMS). The system, which will become operational in the next 12 months, is expected to cost government about $ 10.7 million dollars. The…
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COCOBOD targets 1.5 million tonne rise in cocoa production within five years
Management of the Ghana Cocoa Board (COCOBOD) says the successful implementation of earmarked programs under the $600 million AfDB credit facility, should increase the country’s annual cocoa production from about 900,000 metric tonnes to 1.5 million within the next five to seven years. The agreement for the facility which was signed in November 2019, is…
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Interest rate disparity limits capacity of local banks to take up cocoa syndicated loan – Banking Consultant
Banking Consultant, Nana Otuo Acheampong, has cast doubt on the ability of local banks to take over the annual syndicated loan arrangement for the purchasing of cocoa beans from farmers by COCOBOD. His comment follows recent calls by the Board Chairman of COCOBOD, Hackman Owusu-Agyemang, for local banks to build their capacity play a critical…
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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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COCOBOD secures $1.3 billion syndicated loan; first tranche expected by October 10
Chief Executive Officer of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo says the first tranche of the newly signed $1.3 billion syndicated loan facility which will cater for the purchase of cocoa beans for the 2020/2021 crop season should hit their accounts by October 10, 2020. The agreement for the loan was signed in Accra…
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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…