Ghana seeks US$300m to prop up underperforming cocoa regulator

GHANA – Ghana has embarked on engaging lenders as it seeks to raise US$300 million in credit to support the country’s cocoa regulator, Cocoa Board (COCOBOD), which has been struggling with losses. Ghana Cocoa Board, is struggling to cover its expenses after keeping farmers’ minimum pay unchanged for three season straight, despite a decline in…

Cocoa prices expected to increase amid poor weather conditions

NIGERIA - A Financial Derivatives Company’s (FDC’s) commodity updated has projected an increase in coca prices at the international market due to persisting poor weather conditions in the major producing countries. According to the Daily Independent, FDC analysts said that although cocoa prices were down by 2.86% to $2,274 per metric ton in the past…