Latest financial and economic data from the Bank of Ghana shows that the country’s gold export receipts increased whilst oil and cocoa exports earnings diminished between in the first ten months of this year as compared to same period last year. The value of gold exports reached US$ 6.1 billion, representing a 13.9% year-on-year growth. […]
Cocoa Market: Navigating the Crossroads of Supply, Demand, and Prices
The global cocoa market is currently facing a challenging situation. The supply of cocoa beans has been in deficit for two consecutive years, and another deficit is expected for the current season. Meanwhile, the demand for cocoa is uncertain leaving the future of the industry with a dire outlook. According to the latest report from […]
Government of Ghana plans to invest US$100 million in the small scale gold mining sector
The government of Ghana has revealed plans to invest about US$100 million in the small scale gold mining sector in the next five years. This was disclosed by the Minister of Finance Ken Ofori-Atta in the 2024 budget statement and economic policy presented to the Parliament of Ghana on Wednesday November 15, 2023. According to […]
Embrace GoldKacha technology for environmental sustainability – small-scale miners urged
Small-scale miners have been urged to adopt the mercury-free rock processing technology known as GoldKacha, so as to mitigate the negative environmental impacts associated with traditional mining methods. The call comes as illegal mining activities have begun to take a toll on the environment, posing risks to both citizens and ecosystems. The GoldKacha technology, introduced […]
Nestlé launches “Weather Insurance” program to support coffee farmers against climate change
Nestlé, the world’s largest food and beverage company has announced that it is piloting a weather insurance program for over 800 smallholder coffee farmers in Indonesia who supply coffee to its Nescafé brand, to help them cope with the impacts of climate change. The insurance scheme will provide financial protection for coffee producers in the […]
Lithium Resources Ghana Limited discloses plans of establishing Ghana’s first lithium refinery
Ghana’s move to prioritize value addition to its natural resources is gaining significant momentum as the country is preparing to see the establishment of its first ever lithium refinery in the Western region. The Plan to build the refinery was revealed by Lithium Resources Ghana Limited at the Akwambo festival held at Ekumfi Assaman in […]
‘Sustainable coffee’ currently an illusion – Coffee Barometer 2023
A newly published Coffee Barometer 2023 report produced by Ethos Agriculture has deemed ‘sustainable coffee’ as used in the coffee sector as currently “nothing more than an illusion”. According to the report, the multifaceted challenges prevailing in the coffee sector especially in producing countries make it difficult to recognize the sector as sustainable. According to […]
Government of Ghana increases cocoa farm gate prices by 63.5% for the 2023/2024 crop season
The government of Ghana has announced new cocoa farm gate prices for the 2023/2024 crop season. The announcement was made by the President, H.E Nana Akufo-Addo on Saturday 9th September 2023, at an event to officially open the 2023/2024 crop season in Tepa in the Ashanti Region. The new prices stand at GH¢20,943 (US$1,837) per […]
Ghana celebrates first oil from the Jubilee South-East Project
On Friday, 8th September 2023, the President of Ghana, Nana Akufo-Addo and industry players were on board the FPSO Kwame Nkrumah to turn on the valve to commemorate the pouring of the first oil from the Jubilee South-East project area. The Jubilee South-East project which is a joint partnership between six companies—Tullow Oil (38.978%), Kosmos […]
Cocoa stakeholders in Ghana demand 72.5% increase in cocoa farm gate prices for the 2023/2024 crop season
As the new cocoa season begins on Friday 8th September 2023, Ghana Cocoa Board (COCOBOD) is set to announce new cocoa farm gate prices for the 2023/2024 light crop season. In line with this, the Ghana Civil-Society Cocoa Platform (GCCP) in a press conference on Wednesday in Accra has demanded a 72.5% increase in the cocoa […]