The Chief Executive officer of COCOBOD, Joseph Boahen Aidoo, has asked Cocoa farmers in the country to search for chicken poop to fertilize their cocoa farms warning of an imminent acute shortage of fertilizer in the country. He said the looming shortage is a result of the Russia and Ukraine …
Read More »Cedi Now Selling Above ¢6, But Analysts Assure There’s No Cause For Alarm
The Ghana cedi is now trading above 6 cedis as demand for the American ‘greenback’ continues to surge. Data from Reuters and Databank Research indicates that a dollar is going for more than ¢6. Also, the forex bureaux are selling the local currency between ¢6.1 and ¢6.14 to a dollar. …
Read More »Ghana Attains Highest Cocoa Production In History
Ghana has produced the highest volume of cocoa beans in history, exceeding over one million metric tonnes with over ten weeks left until the end of the season, according to official data. Data on the grading of beans by Quality Control Company of COCOBOD sighted by The Finder shows that …
Read More »Cocobod Borrows ¢11.7 Billion To Finance Cocoa Purchases; Production Exceeds Target
Ghana Cocoa Board has sold a record ¢11.7 billion ($2 billion) of six months cocoa bills between January and May 2021 to finance cocoa purchases. The cocoa regulator normally borrows from abroad to fund cocoa beans purchases. But indications are that the 2020/21 production has exceeded target, stretching the $1.3 …
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