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 […]
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 […]
Management of Ghana Cocoa Board has rubbished allegations of nepotism against the Chief Executive Officer (CEO) Hon Joseph Boahen Aidoo. A statement issued and signed by the Head of Public Affairs of COCOBOD, Fiifi Boafo indicated that the CEO is not in anyway related to owners of Agri-Plus who have been awarded a contract. “We […]
For the first time in 28 years, the Ghana Cocoa Board (COCOBOD) has signed a US$1.3 billion syndicated loan through a virtual platform with lenders and lead arrangers abroad. The meeting which was organized via a video conferencing due to the COVID-19 pandemic saw 28 banks participate in this year’s syndication. The funds, which will […]
To stop the illegal adjustments of scales used to weigh cocoa beans at sheds (cocoa purchasing and weighing points) run by Licenced Buying Companies (LBCs), the Ghana Cocoa Board (COCOBOD) will distribute tamper-proof electronic sealable weighing scales to LBCs. The new electronic scales were recommended by the Ghana Standards Authority, following an inspection of the […]
The Ministry of Food and Agriculture (MoFA) is set to begin exercising formal ministerial responsibility over Ghana Cocoa Board (COCOBOD) as processes to legalize the new regime are nearing completion. This follows the second reading of the Ghana Cocoa Board (Amendment) Bill, 2017 last week in parliament. Although, ministerial responsibility is already being exercised by […]
