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Cocoa Farmers to Benefit from improved Seedlings in Liberia

Monrovia- More than 1,500 smallholder farmers in southeast Liberia are to benefit from improved cocoa seedlings as part of efforts to boost the efficient production of the commodity and improve farmers’ livelihoods. Each farmer will receive a minimum of 400 seedlings.  Under the Cocoa Value Chain Development Programme (COVADEP), Solidaridad in collaboration with private cocoa growers, will be supplying 600,000 hybrid cocoa seedlings to farmers at different locations in Grand Gedeh and River Gee counties at a small fee.  Since 2018, Solidaridad [...]

Ghana’s farmers eye sweet success from chocolate

There is a lot of money in chocolate but the producers of the raw material see very little of it. Last year the retail industry was worth $107bn (£78bn), according to one projection, but Ghana – the world’s second largest cocoa producer – earned just around $2bn. This is a familiar pattern for many African countries where the economy is still shaped by a colonial relationship in which they export commodities to be processed elsewhere. Ghana’s President, Nana Akufo-Addo, served notice [...]

Higher international prices necessary for cocoa sustainability – ICCO

The Executive Director of the International Cocoa Organisation (ICCO), Michel Arrion, said an increase in international prices of cocoa beans and its related products will ensure the sustainability of the industry. He said it was, therefore, necessary that stakeholders put together their energies to ensure a proper demand and supply chain of cocoa goods across the globe. “Prices and sustainability are two sides of the same coin. Let us focus on a bigger cake rather than a bigger share of the [...]

COCOBOD SEALS DEAL ON USD1.3 BILLION COCOA SYNDICATED LOAN AGREEMENT

The Ghana Cocoa Board (COCOBOD) has completed a USD 1.3 billion cocoa syndicated loan agreement (receivables-backed trade finance facility) for the purchase of cocoa beans from local farmers during the 2019/2020 crop season. The agreement, which was oversubscribed, is with twenty-four (24) participating banks lead by MUFG Bank Limited, Rabobank, Natixis, Societe General, NedBank Limited and Ghana International Bank. The facility “will guarantee that Ghanaian cocoa farmers are promptly and fairly paid for the fruits of their labour”, said the Chief [...]

COCOA MARKETING COMPANY UK AT GHANA 62ND INDEPENDENCE ANNIVERSARY CELEBRATIONS IN LONDON

Ghana Cocoa Marketing UK Ltd (CMCUK) joined the Ghana High Commission UK and Republic of Ireland to celebrate Ghana’s 62nd Independence anniversary celebration in London. The well-attended event attracted members of the diplomatic corps, representatives of the UK government, and a cross-section of Ghanaians resident in London. The special guest of honour was Hon. Shirley Ayorkor Botchway Ghana Minister for Foreign affairs and regional integration. Also present was the Ghana High Commissioner Papa Owusu-Ankomah. Cocoa Marketing mounted an exhibition stand at [...]

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