Tag: COCOBOD
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Top managers of COCOBOD asked to proceed on leave
Eleven top management level staff of COCOBOD have been asked to proceed on leave by government with effect from today Monday 30th January, 2017. The eleven occupy positions including the Deputy Chief Executive – Agronomy and Quality Control, Deputy Chief Executive – Finance and Administration, Deputy Chief Executive -Operations, Director – Human Resource, Director Civil…
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BOG to auction proceeds from cocoa syndicated loan
Citi Business News has gathered that Ghana will soon start inviting bids for the auctioning of the foreign-exchange proceeds from the Ghana Cocoa Board’s syndicated loans for the 2016/2017 crop season. The Governor of the Bank of Ghana, Dr. Abdul Nashiru Issahaku explains that the move is to deepen the liberalization of the country’s currency…
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HFC Bank to invest about GH¢200 m in cocoa sector
HFC bank has announced over a hundred percent increase in its investment to Ghana’s cocoa sector as part of efforts to improve production in the sector. According to the bank, it expects to increase its contribution from the 90 million cedis to 198.1 million cedis within the period. The Managing Director of HFC, Robert Le…
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Libor rate led to rise in interests on cocoa loan – COCOBOD
The Ghana Cocoa Board has attributed the over 23 percent increase in the all inclusive rate for this year’s cocoa syndicated loan, to a rise in the Libor rate during the period. Ghana on Wednesday [September 21, 2016], signed the 1.8 billion dollars loan facility for cocoa purchases for the 2016/2017 crop year. The all…
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Ghana secures $1.8 bn for 2016/2017 cocoa purchases
Ghana has signed a 1.8 billion dollar loan facility for the purchase of cocoa beans for the 2016/2017 crop year. The facility comes with an all-inclusive rate of 1.468 percent. The agreement was reached at a ceremony between Ghana and representatives from 24 syndicated banks in Frankfurt, Germany Wednesday, September 21, 2016. Locally owned bank, Fidelity…
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NDC’s all districts agric mechanization ambitious – GAWU
The General Agricultural Workers’ Union (GAWU) has cast doubts over the NDC’s manifesto promise to provide every district with a farming mechanization center when elected into power. Not only do the agric workers view the promise as an ambitious one, they also believe the targets are misplaced. “If we are talking about having a mechanization…
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Biz of Elections: NDC’s manifesto promise on agric
The National Democratic Congress (NDC) flag bearer for the December elections, President John Mahama, has stated the next NDC administration after 2016 will roll out a number of initiatives aimed at boosting the agric industry. The sector has seen massive decline in growth over the years due to the absence of modern agricultural practices, weather patterns…