Tag: Ghana Cocoa Board
-
2022 light crop season to close on September 8 – COCOBOD
The Ghana Cocoa Board has announced that purchases for the 2022 light crop season will cease at close of business on Thursday, 8th September 2022. According to the Board, returns on the declared purchases will be accepted up to 4:00 pm on Thursday, 15th September in order to assist the Licensed Buying Companies (LBCs) to…
-
COCOBOD laments deforestation in cocoa sector
Deforestation is a major issue in Côte d’Ivoire and Ghana, which together produce nearly two-thirds of the world’s supply of cocoa. Côte d’Ivoire and Ghana respectively lost 25% and 8% of their primary forest between 2002 and 2019, with a significant portion of deforestation due to cocoa farming. The Ghana Cocoa Board has described this…
-
Failure of foreign countries to pay LIDs on cocoa beans disheartening – COCOBOD CEO
Ghana and Ivory Coast’s move to combat farmer poverty with a living income premium for their cocoa sales is being undermined by chocolate makers scaling down purchases and negotiating discounts on other parts of the prices. This, the Ghana Cocoa Board, says is disheartening and must be checked with all urgency. The premium is being…
-
Help COCOBOD develop a robust risk management system – IAA Boss
A five-member Audit Committee has been inaugurated by the Director-General of the Internal Audit Agency (IAA), Dr. Eric Oduro Osae at the Ghana Cocoa Board (COCOBOD). Dr. Oduro Osae charged the committee should help the organisation to develop a robust risk management policy to anticipate risks, ensure constant awareness of the organisation’s risk exposures and…
-
COCOBOD closes purchases for 2021/2022 main crop cocoa season
This year’s main crop cocoa season has been closed from today, Thursday, May 26, 2022. “It is hereby notified for the general public’s information that purchases for the 2021/2022 Main Crop Season will close on Thursday, 26th May 2022,” a statement from the Ghana Cocoa Board (COCOBOD) noted. Ghana’s cocoa season runs two cycles consisting…
-
COCOBOD responds to Ablakwa on board of directors’ fees and allowance
The Ghana Cocoa Board (COCOBOD) has denied claims by the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa on the payment of some allowances to directors of the Board. In a Facebook post, Mr. Ablakwa stated that, “Discussions on government expenditure cuts must assume a much broader scope. Take the Ghana Cocoa Board which…
-
COCOBOD partners Academy of Arts and Sciences to boost cocoa consumption
The Ghana Cocoa Board (COCOBOD) and the Ghana Academy of Arts and Sciences (GAAS) have joined forces to conduct extensive research into the use of cocoa in the treatment of some global life-threatening diseases. The collaborative project seeks to further explore the health benefits of cocoa to encourage its consumption. This latest move between GAAS…
-
We’ve accounted for $1.3bn cocoa syndicated loan; ignore contrary claims – COCOBOD
The Ghana Cocoa Board (COCOBOD) has denied claims that it is unable to account for the $1.3 billion cocoa syndicated loan for the 2020/2021 crop season. The Member of Parliament for Juaboso, Kwabena Mintah Akandoh, on Thursday asserted that COCOBOD has failed to give a tangible explanation about the whereabouts of the fund, which was…
-
Business community urged to help bridge gap between demand and supply of Ghanaian chocolate
Participants at a meeting to discuss ways to promote Ghana’s cocoa and chocolate industry have unanimously agreed, that the surest way to bridge the current gap between demand and supply of Ghana’s chocolate and other cocoa products is intensified efforts for investment into cocoa value addition. The Ghana Tourism Authority, in collaboration with Ghana Cocoa…
-
National Chocolate Week: GTA optimistic of a boost in chocolate products to push sector
The Ghana Tourism Authority is optimistic that this year’s National Chocolate week will make chocolate tourism a key feature of its product offerings. The National Chocolate Week celebration, under the theme: ‘Eat Chocolate, Stay Healthy, Grow Ghana’, and sub-themed ‘Our Chocolate, Our Health, Our Wealth’, is part of efforts to promote the domestic consumption of…