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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
Let’s Promote Export of Cocoa Products under AfCFTA – AGI
The Association of Ghana Industries(AGI) is to collaborate with the Cocoa Research Institute of Ghana (CRIG) to train young entrepreneurs in the manufacturing of chocolate, cocoa byproducts and other research products developed by CRIG to…
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Licensed Cocoa Buyer Confirms Reports of Cheating with Adjusted Scales
A licensed cocoa buyer has corroborated reports that farmers are being cheated at the point of sale of cocoa beans to the Licensed Buying Companies (LBC).
According to Abdul Razak Adamu, however, the LBCs are not responsible for this…
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Ghana Cocoa Board Directs The Use Of Electronic Weighing Scales From October 2020
The Ghana Cocoa Board (COCOBOD) has directed all licensed buying companies (LBCs) to adopt the use of electronic weighing scales in the purchase of cocoa beans from cocoa farmers, effective October 2020.
The rationale, according to the…
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Ghana and Ivory Coast To Pay LID To Cocoa Farmers From October
The Managing Director of Ghana's Cocoa Marketing Company, Vincent Okyere Akomeah has disclosed Ghana and Ivory Coast will from October 1 this year begin paying the Living Income Differential (LID) to cocoa farmers.
The LID an amount of…
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Mondelēz International Records Net Revenue Increase in Financial Quarter Report
Mondelēz International has reported an encouraging financial quarter, with net revenues increasing 2.1% to $6.9 billion, attributed to a boost from organic sales growth totalling 4.1%.
CEO and chairman Dirk Van de Put, said the results…
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Ghana Cocoa Already Selling at New Increased Prices for 2020/21 Crop
Ghana’s Cocoa Marketing Company had sold 280,000 tonnes of cocoa for the 2020/21 season by January 7, with prices that include a new US$400 per tonne living income differential (LID), sources at CMC and the cocoa regulator, COCOBOD have…
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GCB Bank Injects GH¢370 Million in Agric & Cocoa Sectors
GCB Bank Ltd invested a total of GH¢378 million in the cocoa and the agricultural sectors of the Ghanaian economy in the past year.
Of the amount, GH¢370 million went into the cocoa industry in the form of Overdrafts, Term Loans and Seed…
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COCOBOD Secures $600 Million AfDB Loan Facility to Boost Cocoa Industry
Ghana Cocoa Board (COCOBOD) has secured a $600 million syndicated loan facility from the African Development Bank (AfDB) and Credit Suisse Group AG, to finance key components of the organisation’s productivity enhancement programmes.
The…
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Fairtrade Supports Ghana’s Plans to Improve Income of Cocoa Farmers
Fairtrade is supporting the decision of Ghana and Ivory Coast to raise the farmgate price of cocoa to US$1,820 per tonne for all farmers.
The organisation sees the announcement as a real opportunity to drive change at scale for farmers in…
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New Cocoa Deals Help Peasant Farmers, But Not Enough to Alleviate Poverty
The willingness of some multinational firms to pay a cost-of-living bonus for African cocoa planters is welcome but will not save many farmers from grinding poverty, industry sources say.
Ivory Coast and Ghana, which together account for…
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