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Ghana: Why Ghana Doesn't Get the Full Value of Its Cocoa Beans - and How This Could Change
The Conversation Africa, 27 April 2021
The global chocolate industry is worth over US$150 billion. West Africa supplies 70% of the cocoa beans, but most of the value in a chocolate bar is generated in Europe and North… Read more »
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Ghana: Farmers Must Have Access to Quality Inputs to Increase Yield - CEO, Newage Agric Solutions
Ghanaian Times, 28 April 2021
The Chief Executive Officer of Newage Agric Solutions, Mr William Akonnor Kotey has reiterated the need for farmers to have easy access to quality agric inputs in order to increase… Read more »
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Ghana: Let's Process Cocoa Into Finished Products for AfCFTA - - MD, PBC
Ghanaian Times, 27 April 2021
Players in the cocoa production and processing value-chain in the country have called for immediate and rigorous measures to be placed to ensure improvement of the commodity into… Read more »
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Ghana: Ghana Hit Hard By Covid-19 With a Decline in Commodity Exports
New Dawn, 28 April 2021
Over 80% of Ghana's revenue comes from exports of three major commodities: gold, crude oil and cocoa. Unfortunately, shipments of crude oil and cocoa have been drastically reduced… Read more »
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Liberia: Ghana Hit Hard By Covid-19 With a Decline in Commodity Exports
New Dawn, 19 April 2021
Over 80% of Ghana's revenue comes from exports of three major commodities: gold, crude oil and cocoa. Unfortunately, shipments of crude oil and cocoa have been drastically reduced… Read more »
How Ghana Can Get Full Value From Its Cocoa Beans
Chocolate production for the domestic consumer market is discouraged by an extremely high tax rate of nearly 60% on domestic sales of chocolate and semi-finished cocoa products. For example, natural cocoa butter is presently sold at an export price of around U.S.$4,600 per tonne but sold locally at around U.S.$7,300 per tonne. Instead of requiring Ghanaian cocoa factories to borrow expensive U.S. dollars to buy cocoa beans, the Cocoa Marketing Company could market primary processed cocoa products to overseas buyers on behalf of domestic processors. Making sure that the product is bought, would guarantee the U.S. dollar income needed to pay for the cocoa beans that go into the products, writes Sophie Van Huellen for The Conversation.
InFocus
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Ccocoa farmers in Ghana have obtained official ownership of valuable timber trees on their farms. Supporting the effort to make this happen was an international consortium ... Read more »
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Ghana has announced an increase of the guaranteed cocoa price it pays to farmers - 28% per ton for the new growing season - an attempt to improve the livelihoods of its farmers. ... Read more »
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With Ghana having a high volume of cocoa beans to trade with the world, the higher price for the commodity could see poor farmers able to employ labourers to assist them. Read more »
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The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board has signed a U.S.$600 million loan to boost cocoa ... Read more »
