Tag: Ghana Cocoa Board

Ghana: Cocoa buying season is imminent

The World’s second-biggest cocoa producer after neighboring Ivory Coast, secured last week USD 1.3 billion syndicated facility from international banks to kick off the season. Ghana expects to produce about 900,000 MT of cocoa this year. Why should I care? Such fund injection will boost Ghana’s foreign exchange reserves and stabilise the wobbling country’s currency, the Cedi. Editor@agricinghana.com FarmerHelpline: 0500000996… Read more →

Cocoa Platform to Propel Cocoa Production in Ghana

Ghana Cocoa Board (COCOBOD) in partnership with institutional actors in the cocoa value chain has created a novel platform, the Ghana Cocoa Platform, to incorporate the activities and views of all stakeholders in the production, processing and export of cocoa beans. The platform is also aimed at adding value to the beans before it is exported. The goal of the… Read more →

Ghana Cocoa Board project to empower 20,000 Ghanaian youth

The Ghana Cocoa Board (COCOBOD) says it intends to engage an estimated 20,000 Ghanaian youth this year to pollinate cocoa farms as part of measures to increase yield to meet the production target of one million tonnes. Emmanuel Opoku, Head of Cocoa Health and Extension Service Division of COCOBOD, who made the announcement, said the decline in pollinating insects in… Read more →

COCOBOD borrows $1.3bn for 2017/18 cocoa season

The Ghana Cocoa Board (COCOBOD) has signed an agreement with a number of banks to raise 1.3 billion dollars at an interest rate of 0.65% plus libor rate for the 2017/2018 purchase of cocoa beans. The syndicated loan which was signed in France on September 20, 2017 had 25 banks participating in the transaction. Speaking to journalists via a teleconference after… Read more →