Tag Archives: COCOBOD

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 …

A joint team from the Counter-Terrorism Unit of the Ghana Revenue Authority (GRA) and the Special Services Unit of the Ghana Cocoa Board (COCOBOD ) has impounded 15 trucks loaded with alleged smuggled fertiliser. The team also discovered a warehouse and a factory, Fertagro Ghana Limited, where the smuggled fertilisers …

The Ghana Cocoa Board (COCOBOD), has arrested four persons for possessing about 328 bags of ‘Cocoa Eduane fertilizers ‘ unlawfully at Samreboi in the Western Region. They had loaded the fertilizers on an articulated truck ostensibly to transport them outside the area to sell to unsuspecting farmers at exorbitant prices …

This year’s main crop cocoa season has been closed from today, Thursday, May 26, 2022. “It is hereby notified for the general public’s information that purchases for 2021/2022 Main Crop Season will close on Thursday, 26th May 2022,” a statement from the Ghana Cocoa Board (COCOBOD) noted. Ghana’s cocoa season …