Ivory Coast considers following Ghana with cocoa farm gate price cut, sources say

Els: MBN360 Agribusiness | National Ivory Coast is considering cutting the guaranteed farm gate price paid to its cocoa farmers to align with Ghana, two government sources told Reuters, as the world’s biggest producers of the chocolate ingredient face a major crisis. The senior Ivory Coast officials said all options were on the table as the government […]

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Komenda Sugar Factory disconnected from power, water, saddled with heavy debt – Trade Minister

Els: MBN360 News Trade Minister, Elizabeth Ofosu-Adjare, has disclosed that the Komenda Sugar Factory has been disconnected from power and water supply over unpaid bills. She made the revelation on the floor of Parliament on Tuesday, as she provided an update on the state of the Komenda Sugar Factory. The legislator explained that the facility […]

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PIAC Demands Safeguards in Ghana Heritage Fund Access

Els: MBN360 Extractives/Energy The Chairman of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has called for stronger safeguards, broader stakeholder engagement and enhanced transparency as debate intensifies over government plans for Ghana Heritage Fund access. Speaking at a Technical Roundtable on proposed amendments to the petroleum revenue management framework, Mr. Ellimah emphasised that […]

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Geologist Hints 2.8M Gold Ounces at Black Volta Gold Project

Els: MBN360 Extractives/Energy Mineral exploration geologist Elvis Gota, has projected that the Black Volta Gold Project, a mineral asset in Ghana’s Upper West Region, holds a staggering potential of 2.8 million ounces of gold. This revelation, spearheaded by mineral exploration geologist, underscores the project’s capacity to redefine the country’s mining map. With an initial projected […]

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Association of Banks CEO hails “unpalatable” decision to save COCOBOD from collapse

Els: MBN360 News The Chief Executive Officer of the Ghana Association of Banks, John Awuah, has commended the government for its “fiscal discipline” in the wake of the recent emergency reduction in the producer price for cocoa. Mr Awuah described the move, while painful for farming households, as a necessary “bull by the horn” intervention […]

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‘We must use this crisis to pivot’ – Mahama urges local processing as cocoa sector reels

Els: MBN360 Agribusiness President John Mahama has declared that Ghana must seize the opportunity presented by the current crisis in the global cocoa market to fundamentally shift away from the instability of raw material exports. He said this at the opening of the Ghana Tree Crops Investment Summit & Exhibition at the Accra International Conference […]

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Gov’t engaging Burkinabe authorities to protect Ghanaian tomato traders – Dumelo

Els: MBN360 Agribusiness Deputy Minister for Agriculture, John Dumelo, says the government is engaging the Interior Ministry and authorities in Burkina Faso to provide security assistance to Ghanaian tomato traders who cross the border to buy produce. Speaking in an interview Tuesday, February 17, Mr Dumelo addressed growing concerns over tomato supply shortages and the […]

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