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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...

News

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),...

News

Ghana records over $500m decline in cocoa revenue due to galamsey, others

Ghana's cocoa industry has suffered a significant financial setback in the first quarter of 2024, with revenue dropping by over $500 million. This alarming...

Business

Decline in Ghana’s cocoa export earnings draws deep concern

The latest trade bulleting from the Ghana Statistical Service (GSS) paints a concerning picture of the country's cocoa export earnings. In the first quarter (Q1)...

News

Cocobod had no money when I took over as CEO – Joseph Boahen

The CEO of the Ghana Cocoa Board, Joseph Boahen Aidoo, has revealed the substantial financial hurdles he confronted upon assuming office in January 2017. During...

News

Local processing companies likely to shut down as shortage of cocoa products looms

The cocoa processing industry in Ghana is grappling with significant operational challenges due to a decreased supply of cocoa beans, resulting from recent...

Business

Bawumia announces rollout of cocoa farmers’ pension scheme when he becomes president

Dr. Mahamudu Bawumia, the presidential candidate of the New Patriotic Party (NPP), has declared that the pension scheme for cocoa farmers will be launched...

Business

Cocoa farmers battle against illegal mining operations in Ellembelle

On Saturday, June 1, a group called Concerned Cocoa Farmers (CCF) from the Ellembelle District in the Western Region took to the streets to...

Business

Ghana’s cocoa exports dropped sharply in the first quarter of 2024 – GSS report

Cocoa exports saw a significant decline in the first quarter of 2024, dampening the growth of the country's trade surplus, according to new data. Although...

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

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