Tag: COCOBOD
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COCOBOD, WCF shares chocolate products with farmers
Ghana Cocoa Board (COCOBOD) in collaboration with World Cocoa Foundation has shared a variety of chocolate products with some Cocoa Farmer Cooperatives in various cocoa-growing regions as part of this year’s National Chocolate Day celebration. In an interaction with the farmers on Tuesday, February 14, Executive Director for the Cocoa Health and Extension Division (CHED),…
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Chocolate Day: COCOBOD, GTA spread love to travelers at KIA
Ghana Cocoa Board (COCOBOD), in partnership with Ghana Tourism Authority (GTA) distributed made-in-Ghana chocolates to over one thousand passengers who arrived at the Kotoka International Airport (KIA) on 14th February which is celebrated in Ghana as Chocolate Day. Passengers who arrived with Ethiopian Airlines, Emirates, Delta, Turkish Airlines, Kenya Airline, KLM, and British Airways at…
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We’ll increase investment in irrigation facilities to cocoa farms – COCOBOD CEO
Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo has given the firm assurance that his outfit will increase investment in irrigation facilities to cocoa farms nationwide to address the impact of climate change on cocoa farms. The International Cocoa Organisation’s monthly report for April 2022, has forecasted cocoa production for the…
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COCOBOD warns of possible fertilizer shortage over Russia-Ukraine war
The Ghana Cocoa Board, COCOBOD, is predicting fertilizer shortage for cocoa farmers in the coming years. Chief Executive Officer of COCOBOD, Joseph Boahene Aidoo, attributed the impact of COVID-19 and the current Russia-Ukraine war as reasons for the potential shortage. “Russia, Ukraine, and Belarus are the three countries that produce the base elements for fertilizer…
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COCOBOD secures $1.5 billion syndicated loan for 2021/2022 crop season
The Ghana Cocoa Board (COCOBOD) has signed an agreement for a $1.5 billion syndicated loan facility for the 2021/2022 cocoa crop season. This is the largest loan facility so far in its history. The funds, which will be used to purchase cocoa beans for the 2021/2022 crop season, have an interest rate of 1.1 percent…
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COCOBOD to introduce electronic scales to prevent LBCs from tampering with weighing devices
The Ghana Cocoa Board (COCOBOD) says it will, in the coming months, introduce digital scales for weighing cocoa beans in Ghana. This move according to COCOBOD will curb the practice where Licensed Buying Companies (LBCs) and Purchasing Clerks (PCs) adjust their scales to cheat cocoa farmers. “The decision to introduce the electronic scale was to…
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Côte d’Ivoire-Ghana welcome other cocoa producing countries to the table
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo says the country is ready to welcome other cocoa-producing countries in the sub-region to the Côte d’Ivoire-Ghana Cocoa Initiative. Even though the initial agreement centres on the two largest cocoa-producing countries in Africa, Ghana and Côte d’Ivoire, the secretariat says it is…
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COCOBOD to invest in irrigation facilities to increase yield
Ghana’s cocoa sector is set to benefit from irrigation facilities that will help increase yield. This according to the COCOBOD CEO, Joseph Boahen Aidoo, will ensure year-round production and harvest of the cash crop. Even though the country has not paid enough attention to irrigation over the years, the country has still recorded high yields,…
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COCOBOD signs agreement with Swiss Chocolate giant to process more Ghanaian cocoa
Ghana Cocoa Board (COCOBOD) has signed an agreement with Bühler of Switzerland, one of the world’s biggest cocoa processing and chocolate making companies, to process more of Ghana’s cocoa. As part of the agreement, Ghana will also benefit through training, product development and technology guidance to build its local capacity in cocoa processing and value…
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![COCOBOD should eye $5 billion from inter cropping cocoa sector [Article]](https://citibusinessnews.com/wp-content/uploads/2020/09/cocoa-4.jpg)
COCOBOD should eye $5 billion from inter cropping cocoa sector [Article]
The cocoa sector, for many years, has become the backbone or support for our exchange rate stability. The government, through COCOBOD every year issues a syndicated loan between US$1 billion and US$1.5 billion, purposely for the forward sale of cocoa for particular crop season. This has curbed the seasonal sharp depreciation of our fiat currency,…