POLITICS

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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