Tag: Cocoa Farmers
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64% increase in cocoa price woefully inadequate – GNACOF
The Ghana National Association of Cocoa Farmers (GNACOF) has described the 64 percent increase in the producer price of cocoa announced by the government as woefully inadequate and that farmers will likely continue to smuggle cocoa to Ivory Coast where prices are higher. GNACOF President Stephenson Anane Boateng said the government needs to do more…
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Cocoa farmers disappointed over discontinued road projects
A group calling itself the Concerned Farmers Association is complaining about plans by the Ghana Cocoa Board (COCOBOD) to discontinue its Cocoa Road construction program. COCOBOD announced that after the completion of ongoing projects, the institution will not embark on any further ventures in road construction because it does not form part of its core…
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Cocoa farmers threaten to sell farms for galamsey if govt doesn’t increase price
Cocoa farmers in the Prestea-Huni-Valley Municipality of the Western Region have cautioned the government to immediately increase the price of cocoa, or they will continue to sell their cocoa farms for galamsey activities. The farmers, who spoke to Citi News in Damang, said the current cocoa price is a disincentive to farming, and that the…
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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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No price drop expected yet for cocoa farmers due to COVID-19 – COCOBOD
The Ghana COCOBOD has downplayed suggestions that the producer price of cocoa may fall due to the outbreak of COVID-19 pandemic. COCOBOD in 2019 increased the producer price of the beans from GH¢7,640 to GH¢8,240 per tonne. With the global fight against COVID-19, most international trading commodities have seen plummeting prices with cocoa also being…
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COCOBOD distributes 100,000 motorized pruners, slashers to cocoa farmers
The Ghana Cocoa Board (COCOBOD) has distributed 100,000 motorized pruners and slashers to cocoa farmers across the country. According to COCOBOD, this is part of policies being rolled out to encourage cocoa farmers to adopt best practices to boost production. The machine, which cost Ghc 5,000, has been distributed to the farmers through the various…
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Ghana to produce fine flavour cocoa soon with new lab and quality training centre
Ghana will soon become a major producer of fine flavour cocoa beans according to Cocobod and management of the Cocoa Research Institute of Ghana, CRIG. When this happens, Ghana will join Madagascar as the only country in sub-Saharan Africa which produces and exports both fine flavour cocoa beans and the bulk or ordinary cocoa beans.…
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COCOBOD to launch motorized pruner to improve cocoa yields
Management of COCOBOD says it will soon launch a motorized pruner and cocoa irrigation project, to improve quality yields and help farmers make more money without expanding their farms. The Deputy CEO of COCOBOD in charge of Agronomy and Quality Control, Dr. Emmanuel Agyemang Dwomoh, says efforts are underway to engage and attract the attention…
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Suppliers of input for cocoa farmers to be paid via mobile money
Suppliers of inputs for cocoa farmers will soon be able to receive payment for their services via mobile money. According to the General Manager for Mobile Financial Services at MTN, Eli Hini, the move should facilitate swift payments and help drive the government’s cash-lite agenda. Presently, some buyers of cocoa beans are enrolled on the…
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![[Article] New cocoa floor price: A step towards a more equal trade](https://citibusinessnews.com/wp-content/uploads/2019/06/cocoa.jpg)
[Article] New cocoa floor price: A step towards a more equal trade
On 12 June 2019, the governments of Ghana and Côte d’Ivoire announced a floor price of USD 2,600/ton of cocoa beans for the 2019/2020 cocoa season. They also announced a suspension of forward sales of beans for the 2020/2021 season. This is a historic move and is seen as a “show of power” by the…