Ghana’s cocoa arrivals jumped to 50,440 tons in the four weeks to Sept. 4, more than four times last year’s 11,000 tons, after the country opened its harvest season two months early to give farmers quicker cash. The world’s No. 2 producer raised its farmgate price by 4.2% to 3,228.75Continue Reading
Ghana’s cocoa sector, a cornerstone of the nation’s economy, has been faltering over the years with cocoa output for the 2023/24 falling to its lowest since 2016. The Ghana Cocoa Board (COCOBOD), the state-owned entity tasked with managing the industry, is grappling with financial instability, prompting the World Bank toContinue Reading
Global cocoa prices have skyrocketed in 2024, reaching unprecedented levels amid persistent supply shortages and adverse weather conditions. Key producers like Ghana and Ivory Coast, which account for approximately 60% of the world’s cocoa, are at the center of this global market turmoil. In April 2024, cocoa prices surged toContinue Reading