Ghana Cocoa rebounds after six straight years of losses
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Figures from the Auditor General Reports indicate that Ghana Cocoa Board made a GH¢2.3 billion profit in 2022/23, due to the restructuring of its debt. This is the first profit after six straight years of losses. Ghana has been restructuring its $30 billion debt, including debt from the cocoa sector, to be able to implement […]
Trucks of smuggled cocoa beans intercepted at Kpando Torkor
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Three trucks of smuggled cocoa beans have been intercepted by the Kpando Municipal Command of the Ghana Immigration Service (GIS) at Kpando Torkor in the Volta Region. The registration numbers of the vehicles, which were intercepted between 0040 and 0400 hours on Friday, April 12, are GE 1782-U, AS 7907-22 and GT 5932-12. Superintendent Michael Amoako-Atta, Head of Public Affairs, […]
Female cocoa farmers charged to enrol on Cocoa Pension Scheme to enhance economic well-being
![COCOBOD refutes former President Mahama's claims of collapsed cocoa sector](https://i0.wp.com/www.gbcghanaonline.com/wp-content/uploads/2023/03/COCOA-33-jpeg.webp?fit=800%2C480&ssl=1)
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has urged women cocoa farmers to support the Cocoa Farmers Pension Scheme (CFPS) policy, by voluntarily enrolling to enjoy its numerous benefits. He said it is necessary for them to contribute to the scheme to secure an enhanced future and a socio-economic […]
Cocoa farmers cautioned against releasing farmlands to illegal miners
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By Desmond Cudjoe | DORMEABRA (ASANKRAGWA) The Director of Special Services of the COWBOY, Mr Charles Amenyaglo, has encouraged cocoa farmers to help sustain the cocoa industry by avoiding the trapping of illegal miners into releasing their farmlands for illegal mining activities. This is in view of the threats that illegal mining pose to the […]
COCOBOD says current producer price of Cocoa is fair deal for farmers
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By Rachel Kakraba Chief Executive of COCOBOD, Joseph Boahene Aidoo, says cocoa smuggling from Ghana to neighbouring countries is perpetuated by some unscrupulous businessmen for selfish gains. He said such persons are ”unpatriotic who take for granted the huge investment the government makes in the industry”. Speaking on GBC’s Current Affairs programme ‘Talking Point’, which […]
64% increase in cocoa price woefully inadequate – GNACOF
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By: Franklin ASARE-DONKOH The Ghana National Association of Cocoa Farmers (GNACOF) has described the 64 percent increase in the producer price of cocoa announced by the government earlier this week as woefully inadequate. According to them, farmers will likely continue to smuggle cocoa to Ivory Coast, where prices are higher. The 64% increment came after […]
Kwakye Fosu defends Mahama on Cocoa producer price
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By Bubu Klinogo Felix Kwakye Fosu has rallied to Former President Mahama‘s defense in criticisms of New Producer price for Cocoa Mr. Kwakye Ofosu has also been defending former President Mahama’s criticism of the almost 70 percent increase in the producer price of cocoa. The government announced that farmers will now be paid ₵130 per […]
Cocoa prices increased by 70.4%
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By Nicholas Osei-Wusu Government has announced a new price of ₵1,308 for a bag of cocoa starting from Saturday, September 9, 2023. The amount represents 70.4% over the previous figure of ₵800 for the same quantity of cocoa. Announcing the new price at the opening of the 2023-2024 cocoa season at Tepa in the Ahafo […]
Government to revamp cocoa sector to reduce annual losses – Finance Minister
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Government is to institute well-defined governance standards to address shortfalls and ensure the growth of State-Owned Enterprises in the country. This is to improve structural weaknesses and build resilience of such institutions in a bid to transform the economic growth of the country. Addressing a news conference in Accra, Finance Minister, Ken Ofori-Atta, said about […]
Consume more cocoa – Oppong Nkrumah
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SOURCE: GRAPHICONLINE The Minister of Information, Kojo Oppong Nkrumah, is advocating the processing and consumption of more cocoa locally to boost the sector and the economy in general. Delivering the keynote address at the launch of this year’s National Chocolate Week Celebration in Accra, Mr Nkrumah said while continuing with efforts to boost domestic production […]