logo of COCOBOD Ghana’s cocoa revenue will experience a shortfall of $1 billion as the Coronavirus pandemic has caused a decline in cocoa price on the world market. The outbreak, the Ghana COCOBOD says, has also stalled the current syndication process for loan facilities for the 2020/2021 crop season. CEO of COCOBOD, Joseph Boahene Aidoo […]
Tag: cocoa processing
Tumble of global cocoa price causes Ghana $1bn deficit – COCOBOD
Ghana’s cocoa industry could suffer darker days ahead as the coronavirus pandemic has not just plunged cocoa prices on the world market but also stalled the current syndication process for loan facilities for the 2020/2021 crop season. CEO of COCOBOD, Joseph Boahene Aidoo told JoyBusiness, the plunge in cocoa prices has so far caused the […]
Hospitality partners urged to include cocoa on their menus
The Chief Executive of the Ghana Cocoa Board (COCOBOD), Hon. Joseph Boahen Aidoo has called on hospitality partners in the country to include cocoa in the preparation of their meals and add cocoa dishes to their menus. According to him, cocoa contains high antioxidants which help to fight and remove free radicals from the human […]
COCOBOD to invest massively into cocoa processing under $600m AfDB Facility
Joseph Boahen Aidoo is the Chief Executive of Ghana Cocoa Board Ghana’s cocoa sector regulator (COCOBOD) is poised to expand the country’s earnings from cocoa through strategic investment in local processing capacity and value addition. Cocobod in November 2019 successfully signed a $600 million Africa Development Bank credit facility to finance crucial projects aimed at […]
AfDB set to disburse $600m syndicated loan to COCOBOD
The Africa Development Bank says a $600 million loan facility for COCOBOD is in the final stages of approval. The multi-million-dollar agreement is a milestone for the Bank-convened Africa Investment Forum, a transactional platform dedicated to transforming the continent’s investment and development agenda, which kicked off in South Africa. Speaking to JoyBusiness after a delegation […]
Cocoa Processing : At the Celebration of National Chocolate Day Let’s Patronise Ghana’s Cocoa Products GTA Urges Ghanaians
The Ghana Tourism Authority (GTA) together with other stakeholders in the tourism industry yesterday marked this year’s National Chocolate Day with a call on Ghanaians to patronise cocoa and cocoa products. The day was instituted in 2005 to promote consumption of chocolate on Valentine’s Day and change the widely held perception of the promotion of […]
CPC to cash in on US$1.3 trillion AfCFTA opportunity
The Cocoa Processing Company The Cocoa Processing Company (CPC) is readying itself to harness the full potential of the African Continental Free Trade Area Agreement (AfCFTA) expected to kick off in July this year. According to the Managing Director of the Company, Nana Agyenim Boateng, AfCFTA presents the exact opportunity his outfit is looking for […]
MP calls for protection of cocoa farmers from market manipulation
Dr Kwaku Afriyie, the Member of Parliament for Sefwi Wiawso, has called for the strengthening of measures to protect cocoa farmers from undue price and market manipulation so as to get enough rewards for their toils. Without mentioning names, he said there were some nine companies that had formed a cartel and manipulating the marketing […]
Let’s promote export of cocoa products under ACFTA-AGI
The Association of Ghana Industries(AGI) is to collaborate with the Cocoa Research Institute of Ghana(CRIG) to train young entrepreneurs in the manufacturing of chocolate, cocoa byproducts and other research products developed by CRIG to enable them start something on their own . This was disclosed by Mr Dela Gadzanku, the Regional branch of the AGI […]
Containing Ghana’s business risks in Africa’s impending single market
File photo Ghana’s joining the African Trade Insurance agency, ATI, could not have come at a more opportune time. In July this year, the African Continental Free Trade Agreement will come into effect, creating the world’s largest free trade area, adjudged by both geographical size and market population. This market is worth US$4 trillion in […]