Tag Archives: COCOBOD

In order to restore the credibility of the government as well as alter the negative perception of state-owned enterprises, immediate intervention is required. An early intervention by the government will help to address the losses that have plagued some SOEs for years, says United Voices for Change (UVC), a civil …

The Public Relations Officer of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, has dismissed the existence of a group purportedly led by Stephenson Anane Boateng. This response follows Mr Anane Boateng’s rejection of COCOBOD’s announcement of a 58.26 percent increase in cocoa prices, which has been set at GH¢33,120 cedis …

Some cocoa farmers in Ghana have expressed disappointment in the government over the recent cocoa farmgate or producer price increment for the prevailing 2023/24 season. This follows the announcement of a 58.26% increase from GH¢20,928 per tonne to GH¢33,120.00 per tonne for the rest of the 2023/24 cocoa season. This …

The Ghana Cocoa Board (COCOBOD) has clarified that its management has not yet sanctioned the procurement of iPad keyboards for its Board of Directors. COCOBOD also stated that no procurement transactions have occurred. The management of COCOBOD has faced significant backlash following the circulation of a memo from the Board’s …

According to a Reuters report, Ghana’s Cocobod is facing delays in securing its usual syndicated loans and has opted to borrow between $150 million to $200 million from cocoa traders to partially finance bean purchases for the 2023/24 season. Fiifi Boafo, the regulator’s public affairs manager, informed Reuters that the …

The Ghana Cocoa Board (COCOBOD) has lashed out at former President John Dramani Mahama for criticizing the government’s decision to increase the price of a bag of cocoa to GH₵1,300. Mahama had described the government as “insensitive” to the plight of farmers, saying that the increase was not enough. In …

The Management of Ghana Cocoa Board (COCOBOD) has urged the general public to dismiss former president John Mahama’s claims that the cocoa industry is collapsing. According to the management, contrary to the former president’s claims, the industry saw the highest-ever cocoa production volume in the 2020/21 season, adding that cocoa …

Management of Ghana Cocoa Board (COCOBOD) has refuted claims by former president John Dramani Mahama that president Akufo-Addo’s mismanagement is collapsing Ghana’s cocoa sector. Former president Mahama while addressing party supporters and branch executives in the Western North Region on a campaign tour on Tuesday, April 25 said the cocoa …

Barring any unforseen circumstances, an amount of US$1.13billion is expected by government following Ghana Cocoa Board (COCOBOD) pre-export receivables backed trade finance facility agreement with a consortium of international financial institutions to finance cocoa purchases for the 2022/2023 cocoa season. The money will hit the accounts of Bank of Ghana …

Despite the escalating debt woes of Ghana, Ghana Cocoa Board (COCOBOD) is still expected to attract international banks to its annual one-year pre-export finance (PXF) or otherwise the Cocoa Syndicated Loan.   According to international research firm, Redd Intelligence, it is almost impossible for COCOBOD to default.   Defaulting on …