Tag: cocoa
Business
COCOBOD to self-finance 2024/2025 cocoa season; ends 32-year loan cycle
The Ghana Cocoa Board (COCOBOD) has announced its decision to self-finance the upcoming 2024/2025 cocoa season, ending its reliance on an annual syndicated loan...
Business
Ghana’s cocoa sector to go extinct by 2029 – Association of Cocoa Farmers
The National Association of Cocoa Farmers has issued a warning that the cocoa sector could collapse within five to ten years if current challenges...
Business
COCOBOD expects 800,000 metric tons of cocoa in 2024/25 season after GHC943m investment
The Ghana Cocoa Board (COCOBOD) is projecting a significant boost in cocoa production for the 2024/25 season, anticipating over 800,000 metric tons, following a...
Business
Liabilities in cocoa and energy sectors could affect Ghana’s “modest recovery” – World Bank
The World Bank's latest Ghana Economic Update indicates that while the country has made "steady progress" towards economic stabilization, significant liabilities in the cocoa...
Business
Ghana’s cocoa delivery delay puts trading houses at risk of $1bn loss
Major trading firms face potential losses of approximately $1 billion due to Ghana’s failure to deliver cocoa beans this year.According to sources from Citi...
Business
Ghana’s cocoa production at 50% of average as harvest nears end
At the end of June, Ghana's cocoa production reached 429,323 metric tons, representing under 55% of the expected seasonal yield, as reported by the...
Business
Ghana’s cocoa production declines, 429,323 metric tons recorded in June – Report
Ghana's cocoa production for the season ending in June has been reported at 429,323 metric tons, marking a significant decline from its average seasonal...
Business
World Bank supports COCOBOD’s cocoa rehabilitation with $100m
The Ghana Cocoa Board (COCOBOD) has successfully obtained a US$100 million financing facility from the World Bank, aimed at rehabilitating aged cocoa farms across...
Business
Cocoa output to surpass supply by 303,000 metric tons from October – Marex Group
A commodities broker, Marex Group, predicts that a recovery in cocoa production among the world's largest growers will bring an end to the massive...
Business
Ghana rolls out new strategy for sustainable cocoa cultivation
Ghana has launched a new initiative in partnership with the United Nations Development Programme (UNDP), the Forestry Commission, and the Ghana Cocoa Board (COCOBOD),...
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