Tag: Cocoa
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Ghana risks losing top cocoa producer slot – Lecturer warns
The Dean of Students at the Bunso University College of Agriculture and Environmental Studies, Dr. Francis Awotwe says Ghana is likely to lose its slot as the top cocoa producer in Africa if government does not show more commitment to improving the sector. He said the continued use of mercury soaked lands for cocoa cultivation may…
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Agric in focus: Cocoa farmers seek new livelihoods
Cocoa plays an important role in the economy of Ghana. The cocoa industry employs approximately 800,000 farmers spread over six out of the ten regions of Ghana. The crop generates about 2 billion dollars in foreign exchange annually and is a major contributor to Government’s Revenue and GDP which is the total value of all…
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Ghana-Switzerland pursue improved trade relations
The Swiss Ambassador to Ghana, Markus Dutly is advocating increased trade relations between Ghana and Switzerland to improve the trade volumes between the two countries. Ghana contributes about 57% of Switzerland’s cocoa imports which the Ambassador says is the backbone of the high-quality chocolates produced by Switzerland. In addition to its global position in chocolate…
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Ghana, Cote d’Ivoire pursue joint cocoa sector reforms
Ghana and Cote d’Ivoire have agreed on at least twelve actions to be adopted by both countries as they collaborate to improve the cocoa sectors of their respective economies. Following a meeting between the Presidents of the two countries in March, the Ghana COCOBOD and its equivalent body in Cote d’Ivoire met in Accra between…
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Oil emerges as second largest export earner – BoG report
Ghana’s oil sector emerged as the second largest contributor to the country’s exports for 2017. The country raised an estimated three billion dollars from the oil resources in 2017. Official figures released by the Bank of Ghana show that the total revenue Ghana raked in from her exports stood at 13.8 billion dollars. A further…
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GRA to set up int’l commodity prices monitoring desk
The Ghana Revenue Authority (GRA), has said that it is setting up a desk at its headquarters which is going to be dedicated to monitoring the prices of commodities on the world market. The desk, according to the GRA, will help it reconcile prices of gold and other commodities to that are reported by local…
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Political interference threatens future of Ghana’s cocoa
Ghana’s cocoa sector risks a dip if the country fails to address the politicization of the sector. According to the International Food Policy Research Institute (IFPRI), the issue has affected the growth of the cocoa sector as politicians have over the years, used cocoa’s prospects to their gain. The warning also comes at a time…
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CPC extends payment for 20 million dollar debt
The Cocoa Processing Company (CPC) has disclosed to Citi Business News it has re-engaged its lenders to extend the payment dates for debts owed, by at least three more years. The CPC maintains that the decision is necessary to stay relevant in the cocoa sector and give investors value for money. The cocoa processor is…
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COCOBOD not considering reduction in cocoa prices
The Ghana Cocoa Board (COCOBOD) has refuted claims of a possible decrease in producer price of cocoa to farmers. COCOBOD says although the review committee has met, it is yet to come out with a decision. Government last year [2017], maintained the producer price for the 2017/2018 crop season at 7,600 cedis per metric tonne.…
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3 Ghanaian cocoa farmers pick world’s best cocoa prize
Three cocoa farmers from Ghana have been recognized and awarded at the 2017 edition of the Cocoa Excellence Awards ceremony, for having the best of the world’s standard for cocoa. The farmers are; Mr. Simon Marfo, Mr. John Kofi Asiamah, and Mr. Noah Obeng. The awards ceremony which took place in Paris – France, is…