4 d. ago Cocoa Farmers Demand Higher Prices Despite Government Increase

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cocoa-farmers-demand-higher-prices-despite-government-increase/Ghana’s largest cocoa farmers association has rejected the government’s newly announced farmgate price, warning that inadequate compensation threatens the sector’s sustainability and could drive more smuggling. The Ghana Cooperative Cocoa Farmers and Marketing Association (GCCFA) called for urgent review of the GH¢3,228.75 per 64-kilogram bag price set for the 2025/2026 season. The rate represents a […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cocoa-farmers-demand-higher-prices-despite-government-increase/

Politics

6 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

2 w. ago High cocoa prices unlikely to boost government spending – Fitch Solutions

Fitch Solutions has stated that high cocoa prices are unlikely to boost the government spending and lead to stronger public capital expenditure, weakening any multiplier effect on economic growth.  In an article titled: “Structurally Higher Cocoa Prices Will Bring Only Limited Gains for African Economies”, it said neither the Ivorian nor the Ghanaian finance ministries […]

Politics

2 w. ago Higher cocoa prices: Ghana, others to see only limited economic gains

“Our view that structurally higher cocoa prices will not create major economic windfalls for Africa's cocoa-producing nations in the coming years rests on three key factors that we outline below”, the UK-based firm pointed out

Economics

2 w. ago High cocoa prices: Ghana, others to see only limited economic gains

“Our view that structurally higher cocoa prices will not create major economic windfalls for Africa's cocoa-producing nations in the coming years rests on three key factors that we outline below”, the UK-based firm pointed out

Economics

2 w. ago Ghana’s Cocoa Farmers Receive the Highest Farmgate Price in West Africa

News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/ghanas-cocoa-farmers-receive-the-highest-farmgate-price-in-west-africa/The Ghana Cocoa Board (COCOBOD) wishes to clarify recent reports and public commentary suggesting that farmgate cocoa price in Ghana is lower than that in Côte d’Ivoire. Current market data and independent analysis categorically demonstrate that Ghanaian cocoa farmers are receiving significantly higher producer price compared to their counterparts in Côte d’Ivoire. ❖ According to […] News Ghana, Latest Updates and Breaking News of Ghana, VEK, https://www.newsghana.com.gh/ghanas-cocoa-farmers-receive-the-highest-farmgate-price-in-west-africa/

Politics

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 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

3 w. ago Cocoa Prices Whipsaw as Ivory Coast Slashes Exports, Demand Cools

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-whipsaw-as-ivory-coast-slashes-exports-demand-cools/Côte d’Ivoire’s shock decision to cut 2025/26 cocoa export contracts by 100,000 MT sent markets reeling this week, amplifying volatility in an already fragile sector. Prices swung from $9,300 to $8,600 per metric ton—still 36% below 2024’s peak but 50% higher year-on-year. The move by the world’s top producer reflects worsening crop health amid drought […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-whipsaw-as-ivory-coast-slashes-exports-demand-cools/

Politics

3 w. ago Cocoa Prices Swing Wildly as Weather Worries Offset Supply Hopes

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-swing-wildly-as-weather-worries-offset-supply-hopes/Cocoa futures tumbled to seven-month lows in mid-July 2025, only to rebound sharply by month’s end as weather fears clashed with forecasts of improved global supplies. London prices bottomed at $6,443 per tonne while New York hit $7,315, pressured by expectations of rising Latin American harvests and weakening demand. Yet within weeks, both markets surged […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-swing-wildly-as-weather-worries-offset-supply-hopes/

Politics

3 w. ago Ghana’s Growth Masks Job Crisis as Economy Relies on Spending, Not Factories

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/Ghana’s economy shows steady growth, but a heavy dependence on consumer spending fueled by oil revenues is failing to create quality jobs, a new World Bank report reveals. The 9th Ghana Economic Update warns this consumption-led model is stifling the structural transformation needed for broad-based prosperity. Oil windfalls and favorable global prices for cocoa, gold, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/

Events

3 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

3 w. ago Ghana Cocoa Farmers See Little Gain from Price Surge, IMANI Reveals

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-see-little-gain-from-price-surge-imani-reveals/Record cocoa prices won’t automatically rescue Ghana’s struggling farmers, policy think tank IMANI Africa warns. Despite the government hiking producer prices, most smallholders still earn as little as GHC 5.90 daily per hectare barely enough to cover costs. The problem isn’t prices but productivity, IMANI stresses. With 70% of farmers tending plots under two hectares, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-see-little-gain-from-price-surge-imani-reveals/

Politics

3 w. ago Ghana Cocoa Farmers Reject Government’s Price Increase as Broken Promise

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-reject-governments-price-increase-as-broken-promise/Cocoa farmers across Ghana are protesting what they call a betrayal by President John Mahama’s administration after it failed to deliver a promised sixfold price increase. Last week’s announcement of a GHS128.75 per bag hike bringing prices to GHS3,228.75 fell drastically short of the GHS6,000 pledge central to Mahama’s 2024 election campaign. The gap leaves […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-reject-governments-price-increase-as-broken-promise/

Politics

3 w. ago Cedi’s Rise Squeezes Cocoa Farmers Despite Global Price Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedis-rise-squeezes-cocoa-farmers-despite-global-price-surge/Ghana’s currency appreciation is delivering mixed blessings for its vital cocoa sector. While the cedi’s 40% gain this year bolsters national economic stability, it has sharply limited local benefits from soaring global cocoa prices. Farmers recently learned their produce will fetch only 4% more in cedis this season, despite international prices jumping over 60% in […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedis-rise-squeezes-cocoa-farmers-despite-global-price-surge/

Politics