Africa Ghana Ivory Coast West Africa World 

Ghana and Ivory Coast want more premium for their cocoa beans

– – The world’s biggest cocoa producers, Ghana and Ivory Coast are demanding more premium from chocolate makers. They also want traders to pay more for their beans. The two countries say this demand for more premium is part of efforts to tackle farmer poverty. In a statement, Ivory Coast’s Coffee and Cocoa Council (CCC) said it has its premium… Read More
Africa Business Ghana Ivory Coast West Africa World 

Cocoa production in Ghana and Ivory Coast drops significantly in 2021

– – Cocoa production in Ghana and Ivory Coast for the year ending 2021 is said to have significantly dropped, according to figures from the International Cocoa Organization (ICCO). The International Cocoa Organization has said in a statement that purchases and arrivals of cocoa beans from the two top producers of the commodity went down. While Ivory Coast recorded a… Read More
Africa Business China Ghana West Africa World 

Ghana panics after China begins exporting cocoa beans

– – Some Ghanaians are panicking over reports of the Chinese entry into the cocoa industry. The Chinese Academy of Tropical Agricultural Sciences recently reported that the Chinese island of Hainan has exported cocoa beans to Belgium. The first consignment of 500 kg of cocoa beans amounted to some $3,600. Ghana’s COCOBOD, the agency that handles issues related to cocoa farming and… Read More
Africa Business Ghana World 

82 shortlisted for 2nd Ghana Cocoa Awards

– – 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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More