Africa Business Ghana World 

82 shortlisted for 2nd Ghana Cocoa Awards

– Advertisement – From a total of 155 entries received for the 2020 edition of the annual Ghana Cocoa Awards, 82 nominees have been shortlisted for the 2nd Networking and Awards Gala Night on 14th November 2020 at the Kempinski Hotel Gold Coast City, Accra Ghana. The eminent Advisory and Awarding Board, chaired by Professor Emmanuel Ohene Afoakwa, is presently assessing the finalist entries to deliver the ultimate winners for all categories. The winners will be announced exclusively at the Gala Night, which commences at 7PM prompt. The Ghana Cocoa Awards secretariat…

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Africa Business Ghana West Africa World 

Ghana signs $600mln cocoa deal with Credit Suisse

Ghana has signed a $600 million deal with Credit Suisse for the improvement of current state of processing and value addition for its cocoa. The deal was signed on the sideline of the 2019 Africa Investment Forum in South Africa. The $600 million will cover a 7 year period and would go into helping to upskill farmers, develop warehousing, and upscale in-country processing of Cocoa. This deal was tabled last year for Ghana’s cocoa regulator COCOBOD but has now reached financial close stage. Ghana is only able to process 34…

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Africa Business Ghana West Africa World 

IMF says Ghana’s GDP growth will hit 7% in 2019

The International Monetary Fund on Thursday said on Thursday that Ghana’s economic growth is expected to rise to around 7% this year. That increase from 6.3% in 2018 to 7% this year according to the IMF is boosted by the country’s extractive industries. In a statement IMF said Ghana’s exports oil, gold and cocoa, maintained macroeconomic stability since the conclusion of a three-year lending programme with the IMF in March. The conclusions drawn were made at the end of an IMF staff visit to Ghana recently. Meanwhile Economic growth forecast…

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Africa West Africa World 

African female entrepreneurs take lead in cocoa innovations

Africa is a leading continent when it comes to the production of cocoa. Ghana and Ivory Coast together produce majority of the world’s cocoa beans but the continent struggles to rake in significant amount of money from just selling their beans in their raw state. African entrepreneurs largely dominated by women are now taking up the challenge to add value to the cocoa beans through various innovations. This month many of these female entrepreneurs showcased their innovations at a cocoa and chocolate expo in Ghana’s capital Accra. Dozens of business…

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Africa Business Ghana West Africa World 

Ghana to host 1st African Cocoa and Chocolate expo

From the 4th to the 6th October, 2019, the Ghana Export Promotion Authority (GEPA) will host the maiden edition of the African Cocoa & Chocolate Expo (ACCE) in the heart of the nation’s capital, Accra. For three days, this historic gathering would assemble and showcase innovations and achievements by entrepreneurs and change-makers in the cocoa value-chain in Africa, at the Accra Tourist Information Centre, adjacent Afrikiko and the French Embassy. Hundreds of cocoa and chocolate lovers from Ghana, Ivory Coast, Cameroon, Nigeria, UK, the Netherlands and the United States, among…

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Africa Business Ghana Ivory Coast World 

Why Ghana wants to raise cocoa farmers’ prices by 5.2%

Ghanaian officials have signaled their intentions to raise cocoa farmgate prices by 5.2% for the 2019/20 season. According Reuters sources at Ghana’s agency coordinating the sector, Cocobod and its marketing arm Cocoa Marketing Company (CMC) this will be the first increase in four years. The farmgate price will rise to $1,523.81 (8,000 Ghanaian cedis) per tonne in the next season starting in October this year. That is an increase from $1,410.38 (7,600 cedis) per tonne the previous season. A meeting of Ghana’s Producer Price Review Committee is now set to…

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