Tag: COCOBOD
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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…
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COCOBOD rejects claims of Japan’s ban on Ghana’s cocoa
The Ghana COCOBOD has rejected reports that Japan has rejected some cocoa exports to that country due to concerns over the use of prohibited chemicals. According to COCOBOD, Ghana and Japan have since 2017, signed an agreement on the restricted use of the 24D chemical and Ghana has never compromised on the agreement. There have…
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Ghana to lose cocoa lands to galamsey if …
The CEO of COCOBOD, Joseph Boahen Aidoo fears the country could lose a significant size of cocoa lands to galamsey activities if funds to improve the livelihoods of farmers delay any further. As a result, the Ghana COCOBOD has impressed on the African Development Bank (AfDB) to expedite processes in granting request for funding to…
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Pension for cocoa farmers kicks off in 2018
Cocoa farmers will from 2018 be signed onto a Cocoa Pension scheme. This is according to Chief Executive Officer of the National Pensions Regulatory Authority, Hayford Atta Krufi. The scheme which was originally proposed in the COCOBOD Act of 1984 never took off due reasons including the lack of an accurate database on cocoa farmers.…
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Declining cocoa prices cost Ghana $ 1bn annually
Ghana is losing at least 1 billion dollars every year from the declining prices of cocoa on the international market. The development is also said to be impacting on projected revenue from the cash crop to improve operations in the subsector. The development notwithstanding, the government has maintained the producer price of cocoa for farmers.…
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COCOBOD loan to attract more local banks
More local banks are expected to take part in the syndicated loan for cocoa beans purchases for the 2017/18 crop season. This is the indication from the Ghana COCOBOD. The official signing ceremony for the loan agreement is scheduled for Wednesday, September 20, 2017. This will lead to the release of 1.3 billion dollars to…
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COCOBOD exceeds 2016/17 production target
The Ghana Cocoa Board (COCOBOD) has projected that it will cross its target for cocoa beans purchases for the 2016/17 crop season when it receives all returns on purchases by Tuesday, September 19th, 2017. It comes on the back of what the sector regulator says is the impressive performances recorded in the provisional data of…
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COCOBOD cautioned against untargeted fertilizer subsidy
The World Bank wants the Ghana COCOBOD to massively restructure its operations if it is to restore growth in Ghana’s cocoa industry. The Bank has among others impressed on the cocoa industry regulator to target its fertilizer subsidy program at needed communities. The World Bank has also suggested the need to diversify the marketing strategy…
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COCOBOD to cut down over 100 million cocoa trees
The Ghana COCOBOD is looking forward to cut down about one hundred million cocoa trees by the 2017/2018 crop season. The trees, mostly diseased ones, are among the 40 percent of total unproductive cocoa trees. According to the CEO of the COCOBOD, Joseph Boahen Aidoo, the destruction of the crops has become necessary to improve…
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COCOBOD moves to address land tenure challenges
The Ghana COCOBOD has commenced stakeholders’ consultations on improving Ghana’s land tenure system to favour the cultivation of cocoa. Ghana’s cumbersome procedure of registering customary land rights has sidelined most smallholder cocoa farmers. This has also been cited as contributing to the lower yields recorded for the past couple of years. COCOBOD is however targeting…