Ghana lost 160K tons of cocoa to smuggling in 2023/24 season, Cocobod official says

Ghana has lost more than a third of its 2023/24 cocoa output to smuggling, a top official from the cocoa marketing board (Cocobod) told Reuters, as low local prices and payment delays push some farmers to sell to increasingly sophisticated trafficking rings. Poor harvests in Ghana and Ivory Coast, the world’s second-largest and largest producers, […]

President Akufo-Addo launches Cocoa Farmers’ pension scheme

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 1st December 2020, launched a pension scheme for the country’s 1.5 million cocoa famers. According to President Akufo-Addo, “the Pension Scheme will enable cocoa farmers to make voluntary contributions towards their retirement, whilst COCOBOD makes a supplementary contribution on behalf of the farmers as […]