Tag: COCOBOD
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Ofori-Atta suggests adoption of COCOBOD model for buying and exporting gold
Finance Minister-designate Ken Ofori-Atta is proposing a shift from the liberalized system that currently characterizes the buying and export of gold in the country, to the use of the COCOBOD model, which will see one body buying and exporting gold from Ghana. Day two of the highly anticipated vetting of Finance Minister-designate Ken Ofori-Atta which…
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We’ll settle debts to LBCs in the coming weeks – COCOBOD
The Public Affairs Manager of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo has assured that his outfit will in a few weeks secure about $200 million dollars to settle the arrears owed some License Buying Companies (LBCs) and farmers across the country. This follows yesterday’s summoning of the CEO of COCOBOD, Joseph Boahen Aidoo by…
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Ghana, Ivory Coast to cancel all cocoa sustainability schemes of chocolate maker Hershey
Ghana and Ivory Coast, the world’s leading producers of cocoa have threatened to cancel all cocoa sustainability schemes that U.S.-based Hershey runs in these countries. Both countries according to Reuters have accused the chocolate maker of trying to avoid paying the cocoa premium known as the Living Income Differential (LID) which is aimed at combating…
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COCOBOD denies allegations of corruption, money laundering in Agri-Plus deal
The Ghana Cocoa Board (COCOBOD) has rejected accusations that its contract with Agri-Plus Horizon Farm Limited for the supply of insecticide was riddled in nepotism, corruption and money laundering. Documents reportedly released by the Financial Intelligence Centre (FIC) and purportedly sent to the Special Prosecutor claimed that COCOBOD awarded the contract to the company by…
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COCOBOD embarks on digitization drive with launch of Cocoa Management System
The Ghana Cocoa Board (COCOBOD), in its attempt to collate and leverage data on cocoa famers across the country for the purposes of transparency and effectiveness, has launched the Cocoa Management System (CMS). The system, which will become operational in the next 12 months, is expected to cost government about $ 10.7 million dollars. The…
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COCOBOD targets 1.5 million tonne rise in cocoa production within five years
Management of the Ghana Cocoa Board (COCOBOD) says the successful implementation of earmarked programs under the $600 million AfDB credit facility, should increase the country’s annual cocoa production from about 900,000 metric tonnes to 1.5 million within the next five to seven years. The agreement for the facility which was signed in November 2019, is…
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Farmers applaud decision to cede Cocobod’s control to Agric Ministry
The Concerned Farmers Association of Ghana has welcomed government’s decision to allow the Ministry of Food and Agriculture to have oversight responsibility over the activities of COCOBOD. Speaking to Citi Business News, President of the Concerned Farmers Association, Nana Oboadie Obampour Boateng Bonsu the II, said the move is in the right direction. “Even during…
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Newmont Ghana partners COCOBOD to rehabilitate Nkawkaw to New Abirem road
Newmont Ghana, in partnership with the Government of Ghana and the Ghana Cocoa Board (COCOBOD), has commissioned the construction of the 41 kilometre road from Nkawkaw to New Abirem Road in the Eastern Region as part of efforts to promote infrastructural development in its host communities and surrounding areas. Under this partnership, Newmont Ghana will…
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COCOBOD closes purchases for 2020 light crop cocoa season
This year’s light crop cocoa season has been closed from today, Thursday, September 17, 2020. “It is hereby notified for the general public’s information that purchases for the 2020 Light Crop Season would cease at close of business today, Thursday, 17th September 2020,” a statement from the Ghana Cocoa Board (COCOBOD) noted. Ghana’s cocoa season…
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COCOBOD bemoans hoarding of cocoa beans in anticipation of price increase
The Ghana Cocoa Board (COCOBOD) has described as troubling the hoarding of cocoa beans by some cocoa farmers in anticipation of an increase in the farmgate price. Currently, a 64-kilogram bag of cocoa in the 2019/2020 crop season is going for GHS515, while a ton is going for GHS8,240. But news of an upcoming 21…