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Trade
Trade is a category that focuses on trade and investment in broad terms and also touching on contracts, futures, prices, exports, etc as well as financing activities like loans, investments, capital injection, mergers, etc
New Expert Group To Explore Solution To Cocoa Price Standoff
A new stakeholder expert group has been constituted to explore a lasting solution to the cocoa price standoff between West African producers and buyers.
Announcing the move, the Cote d'Ivoire-Ghana Cocoa Initiative (CIGCI) said the…
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Ghana, Ivory Coast Boycott Brussels Sustainability Meeting Over Cocoa Price
Ivory Coast and Ghana will not be attending the World Cocoa Foundation Partnership Meeting scheduled to be held in Brussels from October 26-27.
The meeting which is the leading global conference on cocoa sustainability will miss the…
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Nigeria, Cameroon Initiate Process To Join Cote d’Ivoire-Ghana Cocoa Initiative
Nigeria and Cameroon are reported to have formally requested to join the Cote d’Ivoire-Ghana Cocoa Initiative (CIGCI), an alliance advancing the interests of the two leading cocoa producers in the world.
According to officials, the two…
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Ghana Hopeful To Meet EU Due Diligence With Cocoa Management System
The Government of Ghana through the Ghana Cocoa Board is developing a Cocoa Management System, CMS, to enable Ghana to meet the European(EU) due diligence requirements, Minister for Food and Agriculture, Hon. Dr Owusu Afriyie Akoto has…
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Niche Cocoa Opens Largest African Food And Beverage Company In US History
Ghana's Niche Cocoa Industry is set to open the largest African-origin food and beverage company in the history of the United States of America.
The Ghanaian cocoa processing giant is currently in the process of turning a…
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Cocobod Signs $1.13 Billion 30th Annual Cocoa Syndicated Loan
Ghana Cocoa Board (Cocobod) has secured its thirtieth successive cocoa syndicated loan facility to purchase the country's 2022/23 crop.
The $1.13 pre-export receivables backed trade finance facility was pooled by a consortium of…
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Ivory Coast Sells 2023/24 Cocoa With Positive Origin Premium
Ivory Coast has started selling cocoa contracts for the 2023/24 season with a non-negative premium industry.
The action happens to be the first of its kind in three years as regulators seek to support farmers.
According to Reuters,…
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We Will No Longer Sell Cocoa With A Negative Premium
Global cocoa production giants Ghana and Cote d'Ivoire say effective this month, August 2022, their cocoa would sell at a positive origin differential, a market premium earned for the quality of produce.
The resolve announced by the Cote…
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Ghana Pays $400m Yearly In Subsidies As Cocoa Prices Tumble
Ghana is said to be paying as much as $400 million yearly in cocoa producer price subsidies following a sustained assault on the international market price for the commodity.
The country in September 2020 announced an unprecedented 28…
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Cocoa Producers Accuse Big Chocolate Of Deliberate Price Manipulation
Global cocoa-producing giants, Ghana and Cote d'Ivoire, are suspecting chocolate companies of perpetrating a deliberate price manipulation scheme for their produce, much to the disadvantage of their farmers.
The Chief Executive of Ghana…
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