Some international buyers of Ghana’s cocoa have started advancing part of more than $4 billion to COCOBOD for cocoa bean purchases for the 2025/2026 crop season. JoyBusiness has learned that the full amount will not be released at once but spread over a period. However, sources say a significant portion is expected before the end […]
The Ghana Cocoa Board (COCOBOD) has announced that it will not pursue a syndicated loan to finance cocoa purchases for the 2025/26 crop season, attributing the decision to the ongoing global shortage of cocoa beans. Speaking in an interview on Citi FM on Monday, 4 August, COCOBOD’s Head of Public Affairs, Jerome Kwaku Sam, stated […]
Government is expected to announce a new producer price for cocoa for the 2025/2026 crop season today, August 4, 2025. Joy Business understands the announcement will proceed following the completion of work by all the committees tasked with reviewing the pricing structure and after the necessary stakeholder consultations. There are strong indications that the new price […]
The Ghana Cocoa Board (COCOBOD) CEO, Joseph Boahene Aidoo, has disclosed that Ghana lost an alarming 120,000 metric tons of cocoa beans to smuggling between 2022 and 2023. This significant loss poses a serious threat to Ghana’s cocoa industry, which is a key contributor to the national economy. The smuggling of cocoa beans has long […]
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, […]
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 […]
Ghana Cocoa Board (COCOBOD) has refuted claims by former President John Dramani Mahama that the cocoa sector in Ghana has collapsed. The former President had reportedly claimed that the producer price and mismanagement had led to the collapse of the cocoa sector, thereby justifying farmers giving up their cocoa farms to illegal mining due to […]
Some prosecution witnesses are unwilling to testify again in the new trial of a former Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Stephen Kwabena Opuni, and a businessman, Seidu Agongo. A Deputy Attorney-General (A-G), Alfred Tuah-Yeboah, who made this known at the Accra High Court Tuesday [April 25, 2023] said one witness […]
The Bank of Ghana, Ghana Cocoa Board (COCOBOD) and the commercial banks have agreed to allow banks to use COCOBOD’s deposits/placements at the banks to cater for retail customers who may not want a rollover of their cocoa bills. This is coming after the BoG initially directed banks not to pay customers their maturing cocoa […]
The Ghana Cocoa Board (COCOBOD) says it has stopped the payment of Board Fees and Inconvenience Allowances following the implementation of a new remuneration regime by the Ministry of Finance. In a statement dated April 25, 2022, the management of COCOBOD said it had observed with worry the continuous discussion of a portion of the […]
Ghana is turning to an internationally certified agro-processing facility in Dubai to add value to its cocoa and coffee and export them to the global market without hindrance. This will ensure that the country obtains more value from both commodities, about 10 times more than what it currently earns. Ghana can rake in over $10 […]
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 […]
