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Ghana-Switzerland trade hits $3bn

Switzerland has emerged as Ghana’s top export destination in 2023, with exports to Switzerland reaching a remarkable $3 billion. This represents a significant increase...

Business

Price of cocoa futures continues to fall over predictions of rain in West Africa

Cocoa futures declined for the third consecutive day amid forecasts of rain in West Africa, reversing a weeklong rally driven by worries about dry...

Business

Pay us GHC6k for a bag of cocoa – Cocoa farmers to gov’t

The Ghana National Cocoa Farmers Association is urgently calling for a significant increase in the price of cocoa for the upcoming planting season. The farmers...

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...

News

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...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

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