Tag: Joseph Boahen Aidoo
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Cocoa prices remain at GH¢7,600 per tonne
The government has kept the price of cocoa unchanged for yet another time. This means the industry regulator will be buying a tonne of cocoa beans for GH¢7,600 from cocoa farmers for the 2018/2019 crop year; same as it did for the just ended crop season. But the Ghana Cocoa Board (COCOBOD) wants the government to…
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COCOBOD to announce new cocoa prices today
The Ghana Cocoa Board will later today announce a new producer price for cocoa. The new figure will be the benchmark at which cocoa beans will be purchased from cocoa farmers. For the just ended crop season, COCOBOD kept the price of a tonne of cocoa unchanged, at 7,600 cedis. It is unclear whether the…
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COCOBOD seals $1.3bn cocoa syndicated loan agreement
The Ghana Cocoa Board has completed a 1.3 billion dollar syndicated loan agreement for cocoa beans purchases for the 2018/2019 crop season. The agreement is with twenty one banks including Barclays Bank Ghana, Stanbic bank Ghana as well as Societe General. The cocoa syndicated loan is to help the cocoa industry regulator make upfront purchases…
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Ghana to lose cocoa lands to galamsey if …
The CEO of COCOBOD, Joseph Boahen Aidoo fears the country could lose a significant size of cocoa lands to galamsey activities if funds to improve the livelihoods of farmers delay any further. As a result, the Ghana COCOBOD has impressed on the African Development Bank (AfDB) to expedite processes in granting request for funding to…