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COCOBOD signs $1.13bn syndicated loan for 2022/2023 cocoa crop season

  The Ghana Cocoa Board (COCOBOD) has signed a $1.13 billion syndicated loan to finance the purchase of cocoa beans for the 2022/2023 crop season. The loan, which was secured with over 20 financial institutions attracted an interest rate of 1.75% plus Secured Overnight Finance Rate (SOFA). Speaking after the …

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Cocobod admits to owing LBCs; pledges to settle debt in 7 days

  Cocobod admits to owing LBCs; pledges to settle debt in 7 days The Ghana Cococbod has admitted delaying its payment to some Licensed Buying Companies (LBCs), a development that has created anxiety in the cocoa industry. The Buem MP, Kofi Adams, on the floor of Parliament on Wednesday revealed …

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Cocobod admits to owing LBCs; pledges to settle debt in 7 days

By:brightwebtv.com nana Asare Barimah The Ghana Cococbod has admitted delaying its payment to some Licensed Buying Companies (LBCs), a development that has created anxiety in the cocoa industry. The Buem MP, Kofi Adams, on the floor of Parliament on Wednesday revealed that LBCs in the cocoa sector are carting cocoa from …

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COCOBOD doesn’t have the money to supply free fertiliser; free things are ‘misused’ – Hackman

By:brightwebtv.com / Nana Asare Barimah Hackman Owusu-Agyemang Ghana Cocoa Board (COCOBOD) does not have the money to supply fertiliser to farmers free of charge, Board Chair Hackman Owusu-Agyemang has said. Under the erstwhile Mahama administration, cocoa farmers were supplied free fertiliser to help boost their crops and, by extension, the …

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COCOBOD receives $200m to boost cocoa production

By;brightwebtv/nana asare barimah The Ghana Cocoa Board (COCOBOD), has received US$200 million loan facility from a consortium of banks for the take-off of the Productivity Enhancement Programmes (PEPs) The facility is the first tranche of a US$600 million credit from the banks signed in 2017 to enhance both cultivation of …

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COCOBOD HOLDS SEMINAR FOR ITS CHATTERED ACCOUTING STAFF

  By:brightwebtv.com/nana asare barimah     Ghana Cocoa Board (COCOBOD) has held a day’s seminar for its Chartered Accounting staff at Cocoa House in Accra with a call by the Chief Executive, Hon. J.B. Aidoo to embrace emerging trends in the financial fraternity to continue to build a formidable team …

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COCOBOD floors Agongo in $46.4m fertilizer deal

  Seidu Agongo, the businessman who is currently on trial for allegedly conspiring with ex-Cocobod Chief Executive, Dr. Stephen Kwabena Opuni, to cause financial loss to the state, has lost a matter of arbitration he initiated against the Cocobod.   Had he been successful at the arbitration, Seidu Agongo’s three …

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We can’t find missing documents in Opuni’s trial – COCOBOD tells court

  By brightwebtv/Nana Asare Barimah 22 January. Ghana Cocoa Board (COCOBOD) has been instructed to complete investigation into the missing documents and those tampered with in the custody of the Cocoa Research Institute of Ghana (CRIG) in two weeks.   The Accra High Court that gave the directive on Monday, …

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