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Ghana’s Cocobod Seeking $1.5 bln From China’s Eximbank- CEO

Ghana’s Cocobod Seeking $1.5 bln From China’s Eximbank- CEO

Ghana’s Cocobod is seeking up to $1.5 billion from China’s Eximbank to improve farms and install irrigation systems and other projects, the regulator’s chief executive Joseph Aidoo said on Wednesday. China will also grant the West African country $35 million to help build a 40,000-tonne state-run cocoa processing plant, Aidoo told reporters at the start […]

Ivory Coast Cocoa Farmers Get Relief as Rains Return Early

Ivory Coast Cocoa Farmers Get Relief as Rains Return Early

Cocoa farmers in Ivory Coast, the world’s top producer, got some welcome relief in the past week with higher-than-normal rainfall across the main growing regions. It rained heavily on Wednesday night for more than six hours, said Robert Glaou, a farmer in the western town of Bangolo. Harmattan conditions have ended, he said, referring to […]

Ivory Coast Weighs Cocoa Tax Cuts to Lift Farmer Pay

Ivory Coast Weighs Cocoa Tax Cuts to Lift Farmer Pay

Ivory Coast is considering cutting taxes on buying and and exporting of cocoa to allow for an increase in the minimum price paid to farmers in the upcoming season, according to a person familiar with the matter. The world’s biggest producer of cocoa is unlikely to raise the minimum price that it allows merchants to […]

The Cocoa Slave Plantations of Africa in the 21st Century

The Cocoa Slave Plantations of Africa in the 21st Century

NTOABOMA — Chocolate means little to my grandmother. In fact, growing up in the average village that was Ntoaboma in the middle of the country now called Ghana, I knew little of the sugar induced accoutrement of uppity ritual myself. I always received gifts throughout the year – especially when one of my grandparents would […]