Weather conditions affecting Ghana’s cocoa production – Fiifi Boafo

The Public Affairs Manager of COCOBOD, Fiifi Boafo, has attributed the decrease in production of cocoa beans to adverse weather conditions. According to him, heavy rainfall at the beginning of the cocoa season had a significant impact on cocoa cultivation, affecting the fruiting process and ultimately reducing the expected harvest. While acknowledging the importance of […]

COCOBOD to channel cocoa farmers scholarship funds into development of school infrastructure

The Ghana Cocoa Board (COCOBOD) plans to channel funds, set aside for its Farmers Scholarship Trust for beneficiaries entering senior high schools (SHS), into developing school infrastructure for needy communities. For almost 50 years, the COCOBOD, through its scholarship scheme, has provided scholarship for children of cocoa farmers in SHS, primarily paying for their tuition, […]

 COCOBOD signs $300m loan to refinance bills, finance programmes

Ghana Cocoa Board (COCOBOD) signed a $300 million three-year loan with several international lenders yesterday to refinance central bank-raised cocoa bills and finance production enhancement programmes. Last September, COCOBOD announced that it was in talks with international lenders for such a loan. That month, COCOBOD signed a $1.3 billion loan with international banks to finance […]