Category: Agriculture
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2020/2021 Cocoa Producer Price increased from GHS514 to GHS660 per bag
The President, Nana Akufo-Addo has announced a new producer price for cocoa for the 2020/2021 crop season. Effective October 1, 2020, the new producer price is pegged at GHS10,560 per metric tonne of cocoa indicating that a bag of cocoa is now GHS660. The current price per 64kg bag of cocoa, which stands at GHS514…
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COCOBOD bemoans hoarding of cocoa beans in anticipation of price increase
The Ghana Cocoa Board (COCOBOD) has described as troubling the hoarding of cocoa beans by some cocoa farmers in anticipation of an increase in the farmgate price. Currently, a 64-kilogram bag of cocoa in the 2019/2020 crop season is going for GHS515, while a ton is going for GHS8,240. But news of an upcoming 21…
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COCOBOD likely to announce 21% increase in farmgate price
The Ghana Cocoa Board is expected to announce a 21 percent increase in the farmgate price for the upcoming 2020/2021 crop season. Farmgate price is the price COCOBOD pays to farmers for their beans. If the price increase takes effect, Cocoa farmers will then be receiving GHS625 or $108 dollars per 64-kilogram bag, or GHS10,000…
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Ghana Commodity Exchange targets listing and trading of local rice in Oct.
The Ghana Commodity Exchange, which serves as a link between agricultural and commodity producers and buyers, says the listing of Ghana Rice on the Exchange is set for October this year. Already, the Exchange has listed maize, sorghum, soy bean, and sesame for trading. The addition of local rice would go a long way to…
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GARDJA urges speedy operationalisation of cocoa farmers’ welfare fund
The Ghana Agricultural and Rural Development Journalists Association (GARDJA) has at the launch of its new cocoa advocacy initiative trumpeted the urgent need for the Ghana Cocoa Board to with immediate effect, operationalise a welfare fund to support cocoa farmers. The National President of GARDJA, Richmond Frimpong, noted that the welfare fund concept as enshrined…
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Lack of clear policy direction affecting poultry industry – Poultry Farmers Association
The lack of clear policy direction governing the poultry industry in Ghana is negatively affecting the industry, Mr Tornia Abu Sidiki, the Upper West Regional Chairman of the Poultry Farmers Association has said. He said the industry was not well organised and poultry farmers were operating haphazardly due to the lack of a policy to…
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80 warehouses built, others ongoing to support farmers – Bawumia
As part of efforts to better the agricultural sector, the government has so far built about 80 warehouses across the country to enable proper food storage. This, according to the Vice President, Dr. Mahamudu Bawumia, forms part of the government’s promise of building a warehouse in each district in Ghana. Many farmers, over time, have…
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Prices of foodstuff to go down this month – ESOKO Ghana predicts
Commodity Analyst, Esoko Ghana, says the prices of some foodstuff are likely to see a further reduction in the month of August. The prediction is based on the rains witnessed in the first half of the year as well as the easing of COVID-19 restrictions. In July, there was significant price reductions for some commodities…
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Ghana Commodity Exchange to add local rice to listed items
The Ghana Commodity Exchange, which serves as a link between agricultural and commodity producers and buyers, will soon add locally produced rice to its listed items. This comes after the approval of the Securities and Exchange Commission (SEC). This will bring to five the number of items the Exchange trades in including maize, sorghum, soy…
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COVID-19: Ghana Commodity Exchange laments 45% drop in produce from farmers
The Ghana Commodity Exchange, a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade, says it has seen a 45% drop in farm produce channeled through its platform. The CEO of the Exchange, Dr. Kadri Alfah, who disclosed this to Citi Business News, blames the drop largely on…