Tag: COCOBOD
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Gov’t targets 1.5 million tonnes cocoa production with US$600m stimulus package
Information Minister Kojo Oppong-Nkrumah has revealed that the government is targeting increasing cocoa production in the country to about 1.5 million metric tonnes through a new stimulus package which will invest at least US$600 million into the cocoa sector over a seven-year period. The Minister speaking at the press interaction on Sunday said the stimulus…
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US$600 million cocoa syndicated loan hits BoG’s accounts
The first tranche of the US$1.3 billion cocoa syndicated loan signed between Cocobod and some international financial institutions has hit the accounts of the central bank. An amount of US$600 million hit the Bank of Ghana’s accounts with the rest of the funds expected in the coming months. The government last month signed the US$1.3…
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Cocoa producer price increment timely — GAWU
The General Agricultural Workers Union (GAWU) has described the increment in cocoa prices as timely. The government on Tuesday 2nd October,2019 announced that the producer price for a ton of cocoa has been increased to GH¢8, 249 while that of 64 kg bag would now be sold at GH¢515. This comes after the price per…
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Gov’t raises cocoa producer price to GH¢8,249 per tonne
The Minister of State in-charge of Food and Agriculture, Dr. Gyiele Nurah has disclosed that the cocoa producer price for a ton has been increased to GH¢8,249 while a 64-kilo bag would now be sold at GH¢515 The increment represents an 8 percent for the next crop season. The government has announced an increase in cocoa…
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Bawumia charges COCOBOD to stop fertilizer import for cocoa farmers next year
Vice President Dr Mahamudu Bawumia has directed Ghana Cocoa Board (COCOBOD) to purchase all fertilizers intended to be supplied to cocoa farmers locally next year since local fertilizer companies have the capacity to supply them. He said with the government’s flagship programme of “One-District, One Factory”, there were sufficient fertilizer factories operating in the country…
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Cocobod awarded ISO certification to determine quality of beans exported from W/A
Quality Control Company Limited (QCC), a subsidiary of Cocobod has been granted accreditation by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC), for inspection of cocoa activities and testing laboratory on pesticide residue. The two quality certificates are ISO IEC 17020 and ISO IEC 17025. These certifications come on the back of…
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COCOBOD signs $1.3bn syndicated loan for 2019/2020 crop season
COCOBOD has signed a 1.3 billion dollar syndicated loan to cater for the production of cocoa for the 2019/2020 crop season. The agreement was signed in Paris, France today Friday, September 13, 2019. Some of the banks that signed the agreement include Societe Generale, Nedbank, Ghana International Bank, Industrial and Commercial Bank of China, Bank…
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President Akufo-Addo to announce new cocoa price on Oct 1, 2019
The Chief Executive Officer of COCOBOD Joseph Boahen Aidoo has stated that president Akufo-Addo will announce a new cocoa price for farmers on October 1, 2019. He maintained that cocoa farmers will be given priority in setting the new price for the commodity for the 2019/2020 crop season. “I have always told our farmers to…
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Glofert launches Ghana’s largest fertilizer processing company
Ghanaian farmers seeking the right fertilizer to apply on their farms can now heave a sigh of relief with the commissioning of a new fertilizer blending facility, Glofert fertilizer. The company prides itself with the production of fertilizer which will suit the various soil types for the cultivation of crops. The move is also part…
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Cocoa farmers’ price to be increased to GH¢8,000 per tonne
Ghana will raise cocoa farmgate prices by 5.2% for the 2019/20 season, the first increase in four years, following strong sales of export contracts to chocolate makers and cocoa houses, industry sources have told Reuters. The farmgate price will rise to GH¢8,000 (US$1,523.81) per tonne for the season starting in October from GH¢7,600 per tonne…