Cocobod has announced that the 11.76% increase in the producer price of cocoa for the 2016/2016 crop season is to motivate farmers and also curb the smuggling of the commodity to neighbouring La Cote D’Ivoire. “The new prices are meant to motivate the farmers. Most of the farmers were waiting for the new prices to … Read more
Allegations of discrimination in the supply of farm inputs to cocoa farmers have been denied by the Ghana Cocoa Board (Cocobod). Accusations swirled that cocoa farmers affiliated to the governing National Democratic Congress (NDC) were benefitting from farm spraying and the distribution of fertilisers by the state at the expense of other farmers. But speaking … Read more
The Ghana Cocoa Board (Cocobod) will pay more for it’s annual cocoa loan this year than it did for the US$1.8 billion it took from the international finance market last year. Although the board is borrowing the same US$1.8 billion, the rate on the loan has risen from last year’s rate of 1.19 per cent … Read more