Oil fell more than 1 per cent on Wednesday, losing ground for a third straight session on hopes of a ceasefire agreement in the Middle East and by rising crude inventories and production in top consumer the United States. Expectations that a ceasefire agreement between Israel and Hamas could be in sight have grown following […] The post Oil falls for a third day
…as 38 year old electrician is sentenced to 7 years for attempted smuggling. The war against illicit activities of cocoa smuggling syndicates, which was launched by Ghana Cocoa Board with support from the state’s security agencies, continues to yield positive results. Few days after the Krobo Odumase Circuit Court in the Eastern Region sentenced a […] The post COCOBOD
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […] The post World Bank predicts
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […] The post Kofi
President Nana Akufo-Addo and President Alassane Ouattara Ghana and neighbouring Côte d’Ivoire have finally established a common secretariat to maximise their potential in the production of cocoa. The two Read More... The post Ghana, Cote d’Ivoire Open Cocoa Secretariat
Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP) has urged Ghanaians to refrain from politicising fuel prices. On April 16, 2024, several Oil Marketing Companies (OMCs) increased fuel prices, marking the second pricing window of the month. Investigations by Citi News at various OMC outlets showed a notable rise […] The post We shouldn’t
A foreign-owned mining company is reported to have taken over 100 hectares of rehabilitated cocoa farms at Nkawie in the Ashanti region, allegedly without authorisation, denying the farmers access to their farmlands. According to TV3 News, the company, MIGOP Mining Limited, is conducting mining exploration and development activities in five cocoa communities in the Atwima […] The post Ashanti
The Public Relations Officer of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, has dismissed the existence of a group purportedly led by Stephenson Anane Boateng. This response follows Mr Anane Boateng’s rejection of COCOBOD’s announcement of a 58.26 percent increase in cocoa prices, which has been set at GH¢33,120 cedis per ton for the 2023/2024 […] The post Cocoa
The Public Relations Officer of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, has lauded the achievements of the Akufo-Addo government in the cocoa sector amidst criticism from the minority in Parliament. During an interview on The Point of View on Citi TV, Fiifi Boafo defended the government against accusations of shortchanging cocoa farmers despite a […] The post Ghanaian
The Public Relations Officer of the Ghana Cocoa Board (COCBOD), Fiifi Boafo, has stated that cocoa farmers in Ghana receive significant government interventions, unlike their counterparts in Cote d’Ivoire. He also defended the government against claims that cocoa producers were being shortchanged, even though the farmgate price for cocoa had increased by 58%. “The premium […] The post Ghanaian
Joseph Boahen Aidoo A 64 Kilogram bag of cocoa has been increased from GH¢1,308 to GH¢2,070 for the 2023/2024 crop year starting from Friday, April 5, 2024. In a Read More... The post Cocoa Price Now GH¢2,070 appeared first on DailyGuide
The Minority members in Parliament say the newly announced producer price of GH¢33.120 per ton, which translates into GH¢2,070 per bag, constitutes a paltry 25.47% of the world market price of cocoa. Once again, we wish to reiterate that this is a rip-off of our hard working cocoa farmers, as it constitutes the lowest percentage […] The post New cocoa price is a rip-off –Minority appeared first on
In a move that has been met with great enthusiasm following the government announced 58.26% increase in the producer price of cocoa, farmers have gone to town in jubilation. Read More... The post Cocoa Farmers Rejoice Over Jumbo Price Increase appeared first
The Member of Parliament for Asunafo South, Eric Opoku, has asserted that the Ghana Cocoa Board (COCOBOD) has incurred losses since President Akufo-Addo assumed office. He attributed these losses to the poor performance of the Akufo-Addo-Bawumia government, which has been in power since 2017. During an interview with Bernard Avle on the Point of View […] The post COCOBOD
The Government of Ghana, in collaboration with stakeholders, has announced a significant increase in the Producer Price of cocoa for the remaining period of the 2023/24 crop year. This Read More... The post Govt
The Ghana Private Road Transport Union (GPRTU) has expressed dismay over the sudden reversal of the Price Stabilization and Recovery Levy on petroleum products by the National Petroleum Authority (NPA). The National Petroleum Authority (NPA) on April 4, 2024, instructed all Oil Marketing Companies and related stakeholders to impose a levy of 16 pesewas per […] The post Suspension
Government in consultation with stakeholders in the cocoa sector, has reviewed the producer price for cocoa upwards, as a bag of the cash crop is pegged at GHC2,070, effective today, Monday, April 5. This means that the new price will be in force for the rest of the 2023–2024 cocoa season. The Ghana Cocoa Board […] The post Gov’t increases cocoa price to GHC2,070 per bag first appeared on
By Kizito CUDJOE The government in collaboration with stakeholders, has announced a significant increase in the Producer Price of cocoa for the remainder of the 2023/24 crop year, in a move aimed at enhancing the income of cocoa farmers in the country. The decision comes amidst a backdrop of rising cocoa prices on the international […] The post Gov’t
The Ghana Cocoa Board (COCOBOD) has announced a revision in the Producer Price of cocoa for the remainder of the 2023/24 crop year, effective from Friday, April 5, 2024. This decision was made following consultations with stakeholders. COCOBOD in a statement released on April 5, 2024, explained that a 64 kg bag is now priced […] The post Government increases producer price
Tens of thousands of people have fled the Haitian capital, Port-au-Prince, to escape a surge in gang violence over the past weeks. United Nations figures suggest more than 53,000 left between 8-27 March. The UN is warning that the rural regions to which many have fled are not equipped to deal with such a large […] The post More than 50,000 flee Haiti capital after surge in gang violence
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