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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
Cocoa Farmers Get Only $1 As Daily Revenue From Their Production – Research
Research conducted by the Stanbic Bank Research Team has revealed that out of Ghana’s estimated production of 812,000 tons of cocoa beans, only 30 percent is processed locally although the country’s installed capacity for processing the…
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EU/Côte d’Ivoire: €1bn To Support The Ivorian Cocoa Sector, Really?
During the weekend of 20 February, Jobst von Kirchmann, the European Union (EU) ambassador to Côte d'Ivoire, proposed a package worth up to €1bn ($1.2bn) destined for the Ivorian cocoa industry over the period 2021-2027 to help it…
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Alex Assanvo Heads Ivory Coast And Ghana Cocoa Initiative
Ghana and Ivory Coast, the world's top two cocoa beans producers, have appointed Alex Arnaud Assanvo to head an organisation born out of their joint cooperation on cocoa.
Until his appointment as the first-ever Executive Secretary of the…
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Fairafric Flays Big Chocolate On Refusal To Pay $400 LID To Tackle Cocoa Farmer Poverty
Organic chocolate social enterprise, fairafric, has taken a swipe at giant chocolate makers for their alleged refusal to buy Africa's cocoa beans in an apparent move to skirt a $400 per ton premium termed the Living Income Differential…
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COCOBOD To Settle $200 Million Debt Owed LBCs
The Ghana Cocoa Board (COCOBOD) has said it intends to settle its $200 million debt owed some License Buying Companies (LBCs) and cocoa farmers across the country.
Assurance for the settlement of the debt was given by the Public Affairs…
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COCOBOD Boss To Appear Before Parliament On Cocoa Payment
The Ghana Cocoa Board (COCOBOD) is to appear before Parliament over non-payment to cocoa farmers through their respective Licensed Buying Companies (LBC) for the period of the 2020/21 crop season, the Ghana News Agency has reported.…
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Ghana Must Leverage AfCFTA To Export More Processed Cocoa
Nana Aduna II, the chief executive officer of Mi-Cocoa, owner of the Ohene Cocoa brand and farm ventures, believes that Ghana can leverage the African Continental Free Trade Area (AfCFTA) to refine and export cocoa products to more African…
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Ghana’s Cocoa Paste Export Declined By 5.3% In 2019 To US$444.2M
The world's number two top cocoa beans producer, Ghana, raked in US$444.2 million in cocoa paste export in 2019, according to the country's export promotion agency GEPA.
The West African country exported US$430.79 million worth of cocoa…
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Ghana Bags $2.89bn From Cocoa Derivatives And Other Non-Traditional Exports
Ghana bagged $2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA).
The 2019 non-traditional exports earnings was 3.10 per cent higher than that of 2018 which was…
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Côte d’Ivoire and Ghana: Bitter About ‘Conspiracy to Undermine Farmers’ By Cocoa Traders
When Abidjan and Accra joined forces to create cocoa’s OPEC, also referred to as COPEC, they were looking to change the power balance in the cocoa sector. But the economic downturn had other plans.
The marketing year for the 2020/21…
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