Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Baidoo, has revealed that the cocoa buying organisation is heavily indebted to the tune of GH¢ 10 billion. According to him, the indebtedness is the result of mismanagement by the previous administration headed by Dr. Stephen Opuni adding the situation is impeding the smooth … Read more
The Asantehene, Otumfuor Osei Tutu II has offered himself as the promoter of Ghana’s cocoa as his contribution towards the campaign to inspire people to patronise cocoa products. The Asantehene made the declaration when Chief Executive of Ghana Cocoa Board (Cocobod) Joseph Boahen Aidoo paid a courtesy call on him at his palace on Wednesday, … Read more
The absence of transparency in fertilizer distribution and low farm gate prices hampered the effort of cocoa farmers in Ghana to plant more, a World Bank report has revealed. According to the report which is yet-to-be made public, the prices paid farmers for their produce rob them of a good return on their land, labour … Read more
The technical committee of the Ghana-Cote D’Ivoire Joint Co-operation on Cocoa as begun a two-day meeting in Accra to discuss how to enhance farm level productivity, marketing and issues of interest in international affairs. The meeting comes on the back of low cocoa prices on the international market and it is expected to devise strategies … Read more
Board Chairman of the Ghana Cocoa Board, Hackman Owusu-Agyemang says government will embark on a mass spraying exercise of cocoa farms across the country in June this year (2017). According to Mr. Owusu-Agyemang, the mass spraying exercise will help cocoa farmers effectively manage cocoa pests and diseases as well as improve the soil fertility and … Read more
A World Bank report says the Ghana Cocoa Board (COCOBOD) has failed in stabilising farm gate prices at levels that permit farmers to earn an adequate return on their lands, labour and capital. The report published this month and titled ‘Fiscal Consolidation to Accelerate Growth and Support Inclusive Development’, criticised successive governments for prioritising revenue … Read more
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
Mr. Randy Boitey, the Eastern Regional Cocoa Extension Service Officer has said 400,000 hectares of cocoa farms are to be irrigated, this year, under a pilot project, launched by the government to boost cocoa production. The programme to begin with the 27 cocoa centres across the nation and some selected farms could help to significantly … Read more
Fertiliser subsidies for farmers has been implemented to improve yield of cocoa farms Ghana Cocoa Board (COCOBOD) has announced fertiliser subsidies for farmers for the 2017 farming year. In a statement, COCOBOD said a bag of granular fertiliser would now be sold at GH¢80, while a liquid fertiliser would also be sold at GH¢20, representing … Read more
The government has distributed agro-chemicals to various farms in the southern part of Ghana to help fight the threatening army worm invasion. The distribution is being coordinated by the National Taskforce for the Control and Management of the invasion. The chemicals are being distributed free of charge, as the government is treating the invasion as … Read more
Renowned businessman Dr Ishmael Yamson has criticised operations of the Ghana Cocoa Board (Cocobod), indicating that it is not executing its mandate effectively. Dr Yamson, who was a guest on Class FM’s Executive Breakfast Show on Wednesday, May 17, was worried Cocobod had drifted away from its core mandate. He bemoaned corrupt practices by the … Read more
The Ghana Cocoa Board said the purchase of the 2016/2017 Main Crop Cocoa Season would cease at the close of business on Thursday, May 18, 2017. This was in a statement issued by the Chief Executive Officer of COCOBD and copied to the Ghana News Agency on Sunday. It said in order to assist the … Read more
COCOBOD said the purchase of the 2016/2017 main crop cocoa season will end at the close Thursday The Ghana Cocoa Board said the purchase of the 2016/2017 Main Crop Cocoa Season will end at the close of business on Thursday, May 18, 2017. This was in a statement issued by the Chief Executive Officer of … Read more
The Ghana COCOBOD has ruled out any significant impact of the army worm infestation on the output for cocoa for the 2016/2017 crop season. COCOBOD explains to Citi Business News it has managed the situation to prevent a widespread infestation. The Public Affairs Manager of COCOBOD, Noah Amenyah however admitted that the pests have affected … Read more
The Board Chairman of COCOBOD, Hackman Owusu Agyeman has expressed some misgivings at a multi-million dollar flats under construction in Tema Community 2 to house workers of COCOBOD. According to him, the 192 flats, which are being constructed by Amandi Constructions, have some deficiencies that raise questions of value for money. The agreement for the … Read more
Plans to rake in GH¢3.92 billion from the cocoa sector this year are on the line, following a 17.7 per cent fall in prices of the soft commodity in the first three months of the year. After ending the first quarter at an average of US$2,039 per tonnes, cocoa prices have already fallen short of … Read more
Hackman Owusu-Agyemang, has denied ordering a brand new 2017 V8 Toyota Land Cruiser for his use as the Board Chairman of the Ghana Cocoa Board (COCOBOD), as alleged by some staff of the institution. He revealed that, a V8 Toyota Land Cruiser assigned him for his field trips, was rather purchased by the previous administration … Read more
Chairman of the COCOBOD Hackman Owusu Agyemang has expressed dissatisfaction in the quality of the ongoing Cocoa Housing Project at Tema. COCOBOD is undertaking a 192 housing units project at Tema and as new Board Chairman, Hackman Owusu Agyemang went to inspect the project with other board members. Mr Owusu Agyemang commenting on the housing … Read more
A debt stock of about $100 million is crippling the Cocoa Processing Company (CPC) located at Tema. West Africa’s largest local processor, CPC, which has been listed on the Ghana Stock Exchange (GSE) since 2003, owes syndicated banks, regulator and Ghana Cocoa Board (COCOBOD) at least $94 million for raw supply of beans. CPC’s revenues … Read more
The Chiefs and people of Akwapim Mampong in the Akwapim South District of the Eastern Region are threatening to cut down cocoa trees in the town and go into illegal mining, popularly known as Galamsey. The cocoa trees to be destroyed, Adukrohene of Akwapim Mampong, Nana Ayeh Kofi Kwaasi said include those in the preserved … Read more