Côte d’Ivoire, Ghana cocoa farmers to reap from the newly introduced premium living income

WEST AFRICA – Ghana and Côte d’Ivoire have agreed to sell cocoa with a premium Living Income of $400 a tonne added to the price in a bid to address a perceived imbalance between farmers’ […]

Ghana to increase cocoa farmgate price by 5.2% amid strong sales prospects

GHANA – Ghana is set to raise cocoa farmgate prices by 5.2% for the 2019/20 season, the first increase in four years, supported by strong sales of export contracts to chocolate makers and cocoa houses. […]

West African Mills’ performance gains traction as profits hit US$2M

GHANA – The West African Mills Company (WAMCO) has managed to improve its performance marked by the growth in profits which has seen the company net US$2 million within a period of one and half […]

Ghana and Cote D’Ivoire lift suspension on 2020/2021 cocoa sales

WEST AFRICA – Ghana and Cote D’Ivoire, the world’s two largest cocoa producers have lifted the suspension of cocoa sales for the 2020/2021 season. The two West African countries, on June 12 announced the decision […]

Ivory Coast aims at achieving sustainable cocoa sourcing by 2024

IVORY COAST – Ivory Coast, the world’s leading cocoa producer, has unveiled that it plans to stamp out illegal cocoa production from national parks and forest reserves over the next five years. As the West […]

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, […]

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 […]