One million, four hundred and thirteen thousand, three hundred and thirty three (1,413,333) hectares of cocoa farms in the country have benefited from the free fertilizers under Ghana Cocoa Board’s (COCOBOD) fertilizer and chemical programs in the 2015/2016 cocoa season, myradio360.com can report. According to a statistics by the Cocoa regulator, available to this website, … Read more
HFC bank has announced plans to increase its investment in the cocoa sector from GH¢90 million to GH¢198.1 million in order to further augment the availability of funds to players in the sector. The bank’s move is in response to projections of increasing yields per hectare in the sector, which presents a viable opportunity for … Read more
The Ghana Cocoa Board (COCOBOD) has signed a $1.8billion cocoa syndicated loan agreement in Frankfurt, Germany, for the 2016/2017 cocoa crop year. The facility will go into the purchase of cocoa beans, pay bonuses and take care of other operations in the cocoa sector. Per the agreement, Ghana is entitled to an extra $200 million … Read more
Ghana Cocoa Board (COCOBOD) says it secured US$1.8 billion syndicated loan from a consortium of banks to allow it purchase cocoa beans for the 2016/2017 crop season beginning next month will hit Bank of Ghana’s account within the next two weeks. “The money will soon hit the account. Normally we will have to give them … Read more
In a bid to increase cocoa production in the country, the Ghana Cocoa Board (COCOBOD) has raised and distributed 60 million quality hybrid seedlings and four million permanent shade tree seedlings to cocoa farmers in the country. It intends to increase the number of nurseries to 332 across the cocoa belt in the country. The … Read more
More than 1,000 cocoa farmers from about 500 farming communities across Ghana received a total of $1m interest-free loans from Olam Ghana Limited, a leading supply chain manager of agri-products and one of the country’s biggest cocoa buying agencies. Mr. Eric Asare Botwe, Manager of Olam’s Cocoa Licensed Buying Company (LBC) business who made this … Read more
Olam Ghana Limited has given over 1,000 cocoa farmer $1million interest-free loans in addition to the GHS4million premium it paid them for the 2015/2016 cocoa season. Head of Business at Olam Ghana Limited, Eric Botwe revealed this at the Olam Cocoa Managers conference in Accra. The conference was held to sensitize the about 400 Olam … Read more
Head of Business at Olam Ghana Limited, Eric Botwe said the company has given over 1,000 cocoa farmer $1million interest-free loans in addition to the GHC4million premium it paid them for the 2015/2016 cocoa season. He was speaking at the Olam Cocoa Managers conference in Accra, which was to sensitize the about 400 Olam Cocoa … Read more
The Kuapa Kokoo Farmers Union (KKFU) has taken steps to aid its members to adopt best practices through the use of information, communication and technology (ICT). Ms. Fatima Ali, the President, said this had become important given the difficulty many farmers were having with access to extension and technical services. The move comes against the … Read more
The Deputy Chief Executive Officer of the Ghana COCOBOD, James Kofi Kutsoati, has praised Olam Ghana Ltd, one of the country’s leading Licensed Buying Companies (LBCs,) for its contribution to the cocoa sub-sector of the economy. The company, which was established in 1994, has made over US$150 million worth of investment into the cocoa sector, … Read more
The Deputy Minister of Water Resources, Works and Housing, Samson Ahi, has bemoaned the debilitating effect illegal mining (galamsey) is having on the cocoa industry, charging Licenced Buying Companies (LBCs) to join the fight to end the situation. Galamsey activities are rampant in all the cocoa-growing areas, especially in Ashanti, Western, Eastern, Central and Brong … Read more
Ghana is set to experience another shortfall of about 130,000 metric tonnes in cocoa beans for the 2015/2016 crop season when the light crop season ends this month, Business Finder has learnt. The country will bag about 720,000 metric tonnes of cocoa production against a target of 850,000 metric tonnes. This paper gathered that the … Read more
The United Nations Development Programme (UNDP), under its five year project to mitigate the effects of climate change in the country’s cocoa landscape, has in the past two years supplied 800,000 economic tree seedlings to more than 6,000 farmers in growing areas of the cash crop. The project named the “Environment Sustainability and Policy for … Read more