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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
International Lenders Withdraw From $1.3bn Cocoa Syndication Loan Citing COVID-19 Risks
International lenders have refused to underwrite the risk of $1.3 billion cocoa syndication loan for the 2020/21 crop season.
These international lenders, according to Reuters, have cited the uncertainty amid the Coronavirus Pandemic as…
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Ghana Faces Mounting Debt To Cocoa Purchasing Agents As Coronavirus Pandemic Hits Exports
Ghana Cocoa Board (COCOBOD) is said to be having a hard time honouring arrears owed to its purchasing agents following a coronavirus pandemic induced slowdown in export and sales activities, Bloomberg has reported.
Lockdown restrictions at…
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Ivory Coast Launches Reforms Aimed At Saving Indigenous Cocoa Exporters From Collapse
Ivory Coast’s Coffee and Cocoa Council (CCC) is introducing reforms aimed at boosting domestic exporters, including by reducing fees they pay when acquiring beans, CCC and industry sources said.
The new measures also limit stockpiling of…
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Expert Advises Long Term Strategy To Harness Growth In Online Sales Amidst Covid19 Lockdown
An upturn in online food sales, including confectionery and bakery resulting from the coronavirus pandemic has provided key insights into the future of the retailing within the sector, according to a leading food and drink IT specialist.…
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Ghana’s Cocoa Beans and Products Export Went Up By 5% in 2019
Exports of cocoa beans and products increased by 5.0 per cent to US$2.29 billion in 2019, the Bank of Ghana (BoG) has said in its 2019 Annual Report.
The report said cocoa beans exported amounted to US$1.45 billion, an increase of 3.2 per…
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Ghana Recorded 132% Growth In Revenue From 2018 Cocoa Powder Export
Revenue jumped US$3.1 million in 2017 to US$7.2 million in 2018
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CocoaAsempa – How a Software Became a Life-Saver For Purchasing Cocoa in Ghana
A digital platform - CocoaAsempa Software - has emerged to transform the Cocoa purchasing and monitoring process in Ghana.
The platform has created a cashless mode for cash movement for Licensed Buying Companies (LBCs). Also, a means to…
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COCOBOD Says No Price Drop Projected for Cocoa Farmers
The regulator for Ghana’s cocoa industry, COCOBOD says it does not foresee a drop in the producer price of beans for cocoa farmers in the wake of the novel Coronavirus pandemic.
Meanwhile, for 2019, COCOBOD increased the producer price of…
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Ghana Loses $1 billion as Global Cocoa Prices Fall amid Coronavirus Pandemic
Ghana’s cocoa industry could suffer darker days ahead as the coronavirus pandemic has not just plunged cocoa prices on the world market but also stalled the current syndication process for loan facilities for the 2020/2021 crop season.
CEO…
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Ghana Will No Longer Export Raw Cocoa Beans – President Akufo-Addo
President Nana Akufo-Addo says Ghana no longer wants to be dependent on the production and export of raw materials, including cocoa beans.
According to President Akufo-Addo, Ghana intends to process more and more of its cocoa, with the…
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