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 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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