By Francis Kobena Tandoh Finance Minister Dr Cassiel Ato Forson will, at 11 a.m. today, Feb. 12, announce a series of far-reaching reforms aimed at stabilising and reviving Ghana’s troubled cocoa sector. The announcement follows an emergency Cabinet meeting held at the Presidency on Wednesday to address growing concerns withinContinue Reading
By Francis Kobena Tandoh President John Dramani Mahama has summoned an emergency Cabinet meeting scheduled for Wednesday, Feb. 11, to address pressing issues in the cocoa sector, according to the presidency on Tuesday. Spokesperson to the President and Minister of Government Communications, Felix Kwakye Ofosu, said the emergency cabinet meetingContinue Reading
Ivorian President Alassane Ouattara said on Wednesday the guaranteed minimum price for local cocoa beans will climb to 2,800 CFA francs (5 U.S. dollars) per kilogram, a historic high for the world’s leading cocoa producer. Addressing the opening ceremony for the 2025-2026 cocoa marketing season at the Abidjan exhibitionContinue Reading
Ghana, the world’s second-largest cocoa producer, on Thursday announced a further increase in the producer price of cocoa beans for farmers in the 2025/2026 crop season. “Following extensive consultations with stakeholders, the government has decided to increase the producer price of cocoa to 3,625 Ghanaian cedis (about 289 U.S. dollars)Continue Reading
The World Bank has urged the Ghanaian government to institute urgent reforms in the energy and cocoa sectors to anchor macro-financial sustainability. World Bank Division Director for Ghana, Sierra Leone, and Liberia Robert Taliercio made the remarks Wednesday during the launch of World Bank 2025 policy notes, noting thatContinue Reading
Higher gold and cocoa bean exports pushed Ghana’s trade surplus to 6.2 billion U.S. dollars over the first eight months of 2025, Bank of Ghana Governor Johnson Asiama announced on Monday. This compares favorably with the 5-billion-dollar trade surplus recorded for the entire year of 2024. Opening theContinue Reading
Cocoa farmers across West Africa are calling for greater consultation in the setting of farm-gate prices in these two regions and are welcoming an open discussion on bringing more flexibility to the variables of the price setting mechanism at the conclusion of a four-day event running from 15th – 19thContinue Reading
