Government and Ghana Cocoa Board (COCOBOD) have pledged to support local cocoa processing companies in an effort to ensure that at least 50% of the country’s cocoa is processed. Hackman Owusu-Agyeman, the board chairman of COCOBOD disclosed this during a familiarization tour of some cocoa processing companies at the Free Zones Enclave in Tema. The … Read more
The world’s largest chocolate makers, including Nestlé, Mars and Mondelez, and cocoa traders, such as Cargill and Olam, have agreed to co-operate in ending deforestation in key cocoa growing areas, starting with the Ivory Coast and Ghana. The Twelve companies signed the agreement at a meeting hosted by Prince Charles in London on Thursday to … Read more
Twelve of the world’s leading cocoa and chocolate companies have promised to help Ghana address the issue of illegal mining known as galamsey which is destroying many forests. This was announced Friday at a meeting jointly held by the World Cocoa Foundation (WCF), IDH-the Sustainable Trade Initiative (IDH), and The Prince’s International Sustainability Unit (ISU) … Read more
Major chocolate makers, including Ferrero, Nestle and Mars, agreed Thursday a landmark initiative to tackle deforestation in top cocoa producers Ivory Coast and Ghana — a move hailed by Prince Charles. Twelve cocoa and chocolate companies agreed to “a statement of collective intent” committing them to work to end deforestation and forest degradation in the … Read more
Cocoa processing volumes by European grinders recorded an unexpectedly weak finish to 2016 – although the data provoked only minimal losses in futures, amid hopes for demand improvement this year. Cocoa processors such as Barry Callebaut, Cargill and Olam ground 339,379 tonnes of beans in the October-to-December period, the European Cocoa Association said. That represented … Read more
Cocoa is piling up at ports and warehouses in Ivory Coast, the world’s biggest producer, after a plunge in futures prices prompted some exporters to suspend purchases. Trucks carrying cocoa are queuing to deliver beans at inland buying stations and the largest ports in Abidjan and San Pedro, according to four shippers familiar with the … Read more
Cocoa is piling up at ports and warehouses in Ivory Coast, the world’s biggest producer, after a plunge in futures prices prompted some exporters to suspend purchases. Trucks carrying cocoa are queuing to deliver beans at inland buying stations and the largest ports in Abidjan and San Pedro, according to four shippers familiar with the … Read more
Two Chinese illegal miners have been arrested by the Intelligence Department of the Ghana Cocoa Board (COCOBOD). Li Wen Qieng 28, and Mo Sin Shan 35 were arrested for mining COCOBOD’s seed garden in Wassa Saman in the Western Region. They have been mining gold in the nursey at night, thus destroying the cocoa seedlings. … Read more
It’s a pleasure to be here in your company and to be given the opportunity to share some thoughts on Ghana’s development goals, especially as they pertain to investment opportunities. I learned my first and most important lesson on investments quite early in my youth. I was in secondary school when a mate approached me … Read more