Tag Archives: COCOBOD

The Ghana Cocoa Board (COCOBOD) has announced the termination of its longstanding scholarship program, attributing the decision to the implementation of the Free Senior High School (SHS) initiative by the government. In place of the scholarship scheme, COCOBOD has launched the Cocoa Board Education Trust, which will focus on providing …

In a bid to boost the income of cocoa farmers, the Government of Ghana, in consultation with stakeholders, has announced a significant increase in the Producer Price of cocoa for the remainder of the 2023/24 cocoa season. The Producer Price has been raised by 58.26%, from GH¢20,928 per tonne to …

The Ghana Cocoa Board (COCOBOD) recently made headlines with its procurement of 15 keyboards at a price of Ghs 4,500 each, totaling Ghs 67,500. This move, aimed at enhancing board members’ productivity and comfort, comes amidst financial difficulties faced by COCOBOD. Last year, COCOBOD faced challenges with payment defaults on …

Ghana’s Cocobod has reportedly secured a financial boost of $150 million to $200 million from cocoa traders to cover the funding gap caused by delays in obtaining a bank loan for bean purchases in the 2023/24 season. Typically, the industry regulator secures an international syndicated loan every September to finance …

The Ghana Cocoa Board (COCOBOD) has strongly criticized former President John Dramani Mahama for his criticism of the government’s decision to raise the price of a cocoa bag to GH₵1,300. Mahama had called the government “insensitive” to farmers’ concerns, arguing that the increase was insufficient. In a statement issued on …