Tag: Ivory Coast
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Domestic cocoa production exceeds Ivory Coast
Latest data from the Cocoa Market Report by the International Cocoa Organization (ICCO) indicates that Ghana’s cocoa production has exceeded that of Ivory Coast over the half year 2022/23 crop season. As of 31 March 2023, cumulative arrivals of cocoa beans in Ivory Coast were lagging behind previous season levels, while the volume of graded…
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Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France
On Wednesday June 15 2022, Ivorian leaders met with some investors, lenders and development partners in Abidjan as they sought to raise funds in support of Ivory Coast’s recently launched 5-year development plan. According to Reuters, the meeting was a huge success, as the investors and partners pledged up to $26.1 billion. Specifically, the World…
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Gov’t to make Accra a Financial Services Hub
Finance Minister Ken Ofori-Atta has disclosed that government is planning to make Accra a financial hub to attract major banks in West Africa to site their headquarters in Ghana. Currently, the African Development Bank has its headquarters in Abidjan, Ivory Coast, while Ecobank has its headquarters in Lome, Togo. Speaking at a ceremony to showcase…
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Ivory Coast destroys ‘dangerous’ rice rejected by Ghana
About 18,000 tonnes of rice declared unfit for consumption has been destroyed by authorities in West African Country, Ivory Coast. BBC reports that the said rice from Myanmar (also known as Burma) had been rejected by countries including Ghana. “The shipment of rice, from Myanmar (also known as Burma), had been refused entry at several West African…
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Ghana awaits maritime dispute ruling with ‘fingers crossed’
President Akufo Addo says his government will not make any pronouncements on the yet to be delivered judgment on the maritime border dispute between Ghana and Ivory Coast. Nana Addo maintains that a lot of work is ongoing on how best to handle the outcome of the three year dispute. The International Tribunal of the…
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ITLOS to settle maritime border dispute on September 23
The International Tribunal for the Law of the Sea (ITLOS) is to deliver its ruling on the Ghana Ivory Coast border dispute on the 23rd of September 2017. The two countries are seeking a resolution over the dispute at the International Tribunal after Ivory Coast accused Ghana of using the development of its oil industry…
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COCOBOD hopeful of 2016/17 targets as it signs new LBC
The Ghana COCOBOD has reiterated its optimism of meeting the one million metric tonnes cocoa output target at least by the end of the next four years. According to the Cocoa industry regulator, its optimism stems from its ability to meet the over 800 thousand metric tonnes target for the 2016/2017 crop season. The CEO…