5 d. ago Farmer Discontent Over Prices Threatens Ghana’s Cocoa Financing Revolution

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/farmer-discontent-over-prices-threatens-ghanas-cocoa-financing-revolution/Ghana’s groundbreaking shift away from expensive international loans for cocoa purchases faces an unexpected challenge: farmers unhappy with modest price increases are turning to smuggling, potentially undermining the entire system. COCOBOD abandoned its 30-year reliance on costly syndicated loans in 2024, replacing them with a forward-contract model requiring international buyers to deposit 60 percent of […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/farmer-discontent-over-prices-threatens-ghanas-cocoa-financing-revolution/

Economics

1 week ago Think Tank Warns Illegal Mining Could Devastate Ghana’s Cocoa Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-warns-illegal-mining-could-devastate-ghanas-cocoa-sector/The Mahama administration faces urgent calls to intensify action against illegal mining as research reveals the practice threatens to destroy Ghana’s crucial cocoa industry within a decade. The Institute of Economic Research and Public Policy has published findings showing extensive farmland destruction as unlicensed miners expand operations across cocoa-growing regions. Some desperate farmers are now […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-warns-illegal-mining-could-devastate-ghanas-cocoa-sector/

Events

2 w. ago Ghana Cocoa Farmers Threaten Mass Smuggling Over Price Dispute

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-threaten-mass-smuggling-over-price-dispute/A major standoff is brewing in Ghana’s cocoa belt, where farmers are threatening to send their harvest across the border. A group representing 300,000 growers says the new official price for their beans is simply unfair, pushing them to consider drastic action. The government’s cocoa regulator, COCOBOD, set the new season price at GH¢3,228 per […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-threaten-mass-smuggling-over-price-dispute/

Events

2 w. ago Cocoa farmers revolt over prices, as coalition threatens mass smuggling

A coalition of Ghanaian cocoa farmers has threatened to bar officers of the national regulator from their farms to protest the newly announced producer price for the upcoming season, which they say could fuel illegal smuggling to the Ivory Coast and Togo.

Events

2 w. ago Ghana cocoa farmers revolt over prices, threaten mass smuggling

A coalition of Ghanaian cocoa farmers has threatened to bar officers of the national regulator from their farms to protest the newly announced producer price for the upcoming season, which they say could fuel illegal smuggling to Ivory Coast and Togo. More than 300,000 farmers expressed anger over what they consider inadequate compensation, with some […]

Events

2 w. ago World Bank Warns Mounting Debt Threatens Ghana’s Cocoa Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/The World Bank has raised urgent concerns over the Ghana Cocoa Board’s (COCOBOD) financial stability, warning that rising debt and operational inefficiencies could destabilize the country’s vital cocoa industry. Despite soaring global cocoa prices, Ghana’s production remains low, with COCOBOD struggling under significant arrears to suppliers and costly “quasi-fiscal operations” outside its core mandate. In […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/

Events

3 w. ago World Bank warns COCOBOD’s mounting debts threaten Ghana’s cocoa sector

The World Bank’s latest Ghana Economic Update has raised concerns over the financial stability of the Ghana Cocoa Board (COCOBOD), warning that persistent operational and fiscal challenges could undermine one of the country’s most vital export industries. According to the report, despite record-high global cocoa prices, Ghana’s cocoa production remains weak, while COCOBOD owes significant […]

Events