News
President Akufo-Addo declares a 63% increase in the cocoa farmgate price.
President Akufo-Addo’s latest announcement marks an unprecedented 63.6% increase in cocoa prices. This substantial surge takes cocoa prices from GHC 12,800 per metric tonne to GHC 20,943 per metric tonne, or from GHC 800.00 to GHC 1,308.99 per bag. This move demonstrates a strong commitment to supporting Ghana’s cocoa farmers. Delivering this news from Tepa …
President Akufo-Addo declares a 63% increase in the cocoa farmgate price. Read More »
Cocoa Farmers in Ghana want 72% increase in farm-gate price
Cocoa farmers in Ghana are urgently appealing to the government for a significant increase in the farmgate price of their cocoa produce. Their primary reasons include addressing poverty among farmers, curbing cross-border smuggling, and combating illegal mining activities on cocoa farms. These farmers, organized under the Ghana Civil-society Cocoa Platform (GCCP), recently held a press …
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Ghanaian cocoa farmers ask for farm-gate price increase
Cocoa farmers are pressing for a farm-gate price of GH¢1,380 per 62.5kg bag of cocoa beans, marking a substantial 72.5 percent rise from the current GH¢800 rate. With COCOBOD poised to unveil new prices for the upcoming 2023/2024 cocoa season in the coming days, the Ghana Civil Society Cocoa Platform (GCCP) conveyed their stance during …
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Ghana asks European cocoa buyers to pay more for sustainable cocoa
European cocoa buyers must be ready to pay more for cocoa beans that meet the region’s looming sustainability rules, key grower Ghana warned. Ivory Coast and Ghana which produce two-thirds of the chocolate ingredient, are having to set up systems to comply with new European Union (EU) regulations that ensure products are not grown on …
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Chocolate-making ingredient cocoa hits highest price in 46 years
Cocoa prices surged to the highest in 46 years on the Intercontinental Exchange in London on Wednesday as bad weather in West Africa threatened production prospects for the main suppliers of the primary raw material used to make chocolate. The benchmark September contract for cocoa in London gained more than 2% on Wednesday to 2,590 …
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ICE aims to help cocoa, coffee firms meet EU deforestation rule
LONDON/BRUSSELS, June 13 (Reuters) – Intercontinental Exchange (ICE.N) plans a traceability service to help cocoa and coffee firms comply with a new EU law preventing the import of commodities linked to deforestation. The law, expected to come into effect around end-2024, will require companies selling commodities in the European Union to produce a due diligence …
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Ghana risks losing cocoa sector: COCOBOD accumulates losses, Non-producing countries start production
Ghana risks losing its major foreign exchange earner cocoa, due to a combination of factors such as illegal mining, accumulated losses and major developments by some advanced countries to aggressively grow and export the crop. The Ghana Cocoa Board which is mandated to supervise the production and export of cocoa in the country is reeling …
Liberia Establishes First National Cocoa Seed Garden
The availability of quality and improved planting materials for smallholder farmers in the cocoa sector of Liberia remains a primary concern of the Liberian government in promoting productivity in the secto
Ghana domestic cocoa production surpasses Ivory Coast
Ghana has surpassed Ivory Coast in cocoa production over the half year 2022/23 crop season, according to the latest Cocoa Market Report by the International Cocoa Organization (ICCO).