POLITICS

Government increases cocoa price to ¢800 a bag

For the 2022/2023 cocoa production season, the government has increased the producer price for cocoa beans by 21% to Ghc 800. This is less expensive than Ivory Coast, which listed its pricing for the same season at around $858. A bag of cocoa cost 660 Ghana cedis prior to the …

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Make your stands clear on galamsey-NPP Secretary to MMDCE’s

The Secretary of the New Patriotic Party (NPP) for Atwima Nwabiagya North Constituency  Raphael Osei-Wusu has urged the Metropolitan, Municipal and District Chief Executives (MMDCE’s) to publicly announce their support for the fight against galamsey in Ghana. His remarks follow the National House of Chiefs, presided over by President Ogyeahohuo …

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Increase cocoa price now-Minority to COCOBOD

The Minority in Parliament has demanded that a new cocoa farm gate price be announced as soon as possible for the 2022–2023 growing season. COCOBOD, the industry regulator for the cocoa industry, has obtained a $1.13 billion syndicated loan for the upcoming crop season, but has not yet changed the …

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Moody’s downgrades Ghana’s rating from Caa1 to Caa2

Ghana’s long-term issuer and senior unsecured debt ratings have been lowered by the rating agency Moody’s from Caa1 to Caa2, and the ratings have been put under review for a possible downgrade. Ghana was downgraded by Moody’s in February of this year from B3 to Caa1. The rating agency asserts …

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