Ghana’s export sector experienced a \surge in 2024, with total exports reaching GH₵294.9 billion, significantly surpassing imports of GH₵250.2 billion and generating a trade surplus of GH₵44.7 billion, according to the Ghana Statistical Service (GSS) Trade Report. The report highlights that just three commodities—gold, petroleum, and cocoa—accounted for 78.2 percent of Ghana’s total export revenue. […]
The Ghana Cocoa Board (COCOBOD) has issued a stern warning to the public, dismissing as false a social media flyer claiming that the government has announced an increase in cocoa prices. The regulatory body has described the flyer, which alleged that the Minister for Food and Agriculture, Eric Opoku, declared cocoa farmers would be paid […]
Recent data from the Ghana Statistical Service indicates a significant drop in the export value of cocoa beans for the second quarter (Q1) of 2024. The export value fell from GH₵ 1.57 billion in the second quarter (Q2) of 2023 to GH₵ 1.15 billion in the second quarter (Q2) of 2024, marking a 26% decrease. This decline is part […]
Government will increase the state-guaranteed price paid to its cocoa farmers by nearly 45% for the 2024/25 crop season, two sources with knowledge of the price review told Reuters. This according to the sources aims to help boost their incomes and deter bean smuggling out of the country. The world’s number two cocoa producer raised […]
The government has increased the price paid to cocoa farmers at the farm gate to GH¢33,120 per tonne. This marks a 58.26 per cent increase over the GH¢20,928 per tonne paid to the farmers at the farm gate, also known as the producer price. The Ghana Cocoa Board (COCOBOD) announced this in a statement issued […]
Some trucks carrying cocoa were involved in an accident at Ofankor Barrier causing a serious vehicular traffic on the Pokuase-Ofankor stretch Friday. The police has since moved in to control traffic on the stretch. The accident has resulted in a heavy vehicular traffic, impeding movement from the Ofankor-Pokuasi and Pokuasi-Ofankor stretch. But for the intervention […]
Ghana has set a new cocoa production record with 1.033 million tonnes of beans for the 2020/2021 season. This comes six weeks before the 2020/2021 cocoa season gets to a close, which means that the figure can still go up before the harvest period ends. The previous record was 1.024 million tonnes which was recorded […]
A former Minister of State Mr Kojo Yankah has lauded President Nana Addo Dankwa Akufo-Addo for the decision to halt export of raw cocoa to Switzerland. A year ago, Mr Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. The president announced while there that Ghana was […]
The Ghana Cocoa Board (COCOBOD) has advised the public to ensure that discussion on the cocoa sector and in particular, the producer price paid to cocoa farmers for their produce, was guided by facts and not sentiments. In a response to recent comments on the producer price of cocoa by Citizens Watch, a think tank, […]
Ghana and Côte d’Ivoire have established a new pricing mechanism for trade in cocoa beans. A $400 per tonne living income differential has been instituted to guarantee the floor price. This system takes into account a fixed income differential that will provide farmers with a decent income. The two countries, which are the world’s top […]
Ghana and Cote d’Ivoire have suspended the sale of cocoa beans to the open market under the 2020/2021 crop season until further notice. The move, which is the first of its kind by the two countries, is meant to put pressure on stakeholders to adopt a floor price for cocoa beans. The suspension was announced […]
