The Board of Cocobod is considering buying off the shares of the Cocoa Processing Company of Ghana to forestall its collapse. This is one of the numerous proposals being considered by the board in the face of the growing debts owed by the company. The CPC owes some syndicated banks led by Barclays Bank to … Read more
A former Director General(DG) of the Securities and Exchange Commission(SEC), Dr. Adu Anane-Antwi has urged the management and workers of the Ghana Cocoa Processing Company (CPC) to work at improving their performance on the stock market and not delist. Speaking to Citi Business News yesterday, the Staff Chairman of the Professional and Management Union at … Read more
Workers of the Cocoa Processing Company(CPC) have appealed to government to delist the company from the Ghana Stock Exchange(GSE) due to its dwindling performance over the years. According to them, it will be financially viable for government to delist and control the company since it is the majority shareholder. Currently, COCOBOD owns about 57 percent … Read more
The Deputy Minister for Trade and Industry, Carlos Ahenkorah has emphasised government’s commitment to boost the capacity of existing companies in the country to ensure long term growth and the creation and maintaining of existing jobs. Mr. Ahenkorah revealed that the government has initiated a programme that will enable struggling companies request for aid to … Read more
The Ministers for Food & Agriculture, Trade and Industry, Executives of COCOBOD and the Asantehene, Otumfuo Osei Tutu II have pledged their support to Cargill in its bid to improve the cocoa sector. In separate courtesy calls paid on the sector Ministers and the Asantehene following the launch of Cargill’s Ghana’s Licensed Buying Company (LBC) … Read more
The regulator of cocoa sector in Ghana, Cocoa Board (COCOBOD), is to undertake a rehabilitation of cocoa farms in the country. According to Cocobod, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed and replanted at no cost to the farmer while owners of those farms will be … Read more
The Chief Executive Officer (CEO) for Ghana Cocoa Board (Cocobod), Mr. Boahen Aidoo has indicated on Rainbow Radio 87.5Fm that , government will intensify the provision of hybrid seedlings that have high yields and are resistant to diseases, pests and harsh weather conditions. According to him, the status of some cocoa trees in the country, … Read more
Some aggrieved cocoa farmers at Annorkrom in the Bia-West District of the Western Region, have asked the Produce Buying Company to facilitate the immediate payment for their cocoa beans it purchased some months back. They have thus given the PBC a one-month ultimatum to release funds for prompt payments, including bonuses, or face their anger. … Read more
Some aggrieved cocoa farmers at Annorkrom in the Bia-West District of the Western Region, have asked the Produce Buying Company (PBC) to facilitate the immediate payment for their cocoa beans it purchased some months back. They have thus given the PBC a one-month ultimatum to release funds for prompt payments, including bonuses, or face their … Read more
A study has ascertained that of all the factors driving deforestation in Ghana, agriculture is prime with cocoa cultivation being the leading cause of forest conversion in the high forest zone, while oil palm and rubber are becoming major threats. The study revealed that logging itself does not convert forests, but it opens up the … Read more
The Ghana Cocoa Board (COCOBOD) is to undertake massive rehabilitation of cocoa farms in the country. In view of this, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed and replanted at no cost to the farmer. In addition, owners of those farms will be compensated. Currently, 80 … Read more
COCOBOD will stop supplying free fertiliser to the country’s cocoa farmers and instead subsidise the products in an effort to create a fairer market, a spokesman for COCOBOD said on Friday. The policy change is one of a series the New Patriotic Party government that won power at an election in December could implement in … Read more
Barely 48 hours after TV3’s report on the invasion of cocoa farms by armyworms within the Ejisu-Juaben and Mampong municipalities of the Ashanti Region, the Ghana Cocoa Board (COCOBOD) has intervened. The Cocoa Health Extension Division of COCOBOD has presented several boxes of insecticide to affected cocoa farmers to control the spread of the pests. … Read more
Armyworms have invaded several cocoa farms in the Ejisu-Juaben municipality in the Ashanti region. The affected farmers say the application of pesticides to control the disease have not worked as it continues to spread to other farms. The farms are in Mamponteng, Kona, Atia, Boamang, Amampama and other cocoa growing communities and it is likely … Read more
The Ghana Cocoa Board (Cocobod) has launched a project to treat and rehabilitate some 10,000 hectares of diseased and overage cocoa farms in the Western North and Eastern regions this year. The project will involve the removal of 11 million trees for replanting. Currently, about 17%of cocoa area, that is about 309,830.73 hectares, surveyed is … Read more
A supply and value chain expert, Vincent Ebo Ocran, is proposing a partnership between Ghana and Cote d’Ivoire as a measure to ensure a stabilisation of cocoa prices on the world market. He argued that the two countries being Ghana and Ivory Coast being the largest cocoa producers in the world unfortunately has little or … Read more
The Ghana COCOBOD has reiterated its optimism of meeting the one million metric tonnes cocoa output target at least by the end of the next four years. According to the Cocoa industry regulator, its optimism stems from its ability to meet the over 800 thousand metric tonnes target for the 2016/2017 crop season. The CEO … Read more
Radio Presenter, Nana Kojo Yirenkyi popularly referred to as Captain Smart on Wednesday morning took on officials of COCOBOD on his popular show, FABEWOSO for acts of corruption and negligence. According to Captain Smart, the rot and sheer negligence of officials of the company responsible for the production and sale of Cocoa in Ghana is … Read more
An investment banker, Dr Samuel Ankrah, has called on the government to take immediate steps to permanently plug the loopholes in the internal control systems at the Ghana Cocoa Board (COCOBOD) to stop any financial hemorrhage. According to him, Cocobod is the financial life blood of the economy and therefore, all efforts must be put … Read more
The Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Joseph Boahene-Aidoo, has urged major players in the cocoa chain to do more to promote cocoa as a beverage throughout the world. “Let us together promote the raw less processed cocoa as a beverage to prevent the many avoidable health bills that we pay … Read more