Cocobod

Ghanaian cocoa farmers face challenges due to shortage of funds, according to BBC report

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Ghana’s cocoa farmers are expressing dissatisfaction with their financial situation, attributing their plight to the Cocoa Board (Cocobod), the entity mandated by law for their produce transactions. Farmers argue that Cocobod, responsible for purchasing their cocoa, has treated them unfairly, with Anane Boateng, the president of the Ghana National Cocoa Farmers Association, asserting that despite …

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Rainforest Alliance and its collaborators contribute to addressing poverty in vulnerable cocoa communities.

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Rainforest Alliance, an international non-governmental organization, along with its partners, the International Cocoa Initiative (ICI) and Solidaridad Ghana, supported beneficiaries residing in seven communities: Asakyiri, Dejanso, Kusease, Subriso Savior, Asokore, Bodoma, and Aboaso in the Bekwai cocoa district in the Ashanti Region. This support, funded by NORAD, aimed to empower individuals to start their businesses, …

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Multinational buyers of cocoa are refusing to pay the current market prices

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Ivory Coast’s cocoa regulatory body is encountering difficulties in selling cocoa export contracts for the 2024/25 season, as multinational cocoa buyers are insisting on lower prices, despite the current market conditions affected by supply shortages, according to Reuters. Ivory Coast, the world’s leading cocoa producer, together with neighboring Ghana, contributes to about two-thirds of the …

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BAAKOYE COOPERATIVE COCOA FARMERS PROVIDE ASSISTANCE TO NEEDY BUT BRILLIANT STUDENTS

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On October 31, 2023, the Baakoye Cooperative Cocoa Farmers Union, located in the Bekwai municipality, generously provided assistance to deserving students in the area. The support items, including school bags, exercise books, various supplies, and cash, were distributed to these bright yet underprivileged students. This charitable initiative reached several towns within the Bekwai Municipality, namely …

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President Akufo-Addo declares a 63% increase in the cocoa farmgate price.

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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 …

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Cocoa Farmers in Ghana want 72% increase in farm-gate price

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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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Ghana asks European cocoa buyers to pay more for sustainable cocoa

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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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