Ohene's Cocoa Eco-Tourism Project,

30/08/2024

My Facebook has also been hacked also.
Don’t believe anyone who appoints as next COCOBOD Board Chair😂😂

24/08/2024

Sumarising and explaining “Our COCOBOD crises for dummies:
1.Ghana COCOBOD has for the past 32years sold our cocoa foward,collected money in advance to:
a)Buy Cocoa from farmers.
b)Run their operations
c)Occasionally make a profit.
In recent times because of the ff:
a)Poor weather factors.
b)Poorly incentivized farmers,because of low farm gate price of USD$2.25 per kg.
c)High World Cocoa Price through 2024 at highest of USD$12.26 per kg in April.
Current Cocoa Price today is USD$8.4 per kg.
d)Competing Galamsey for Cocoa Land.
e)Corruption at COCOBOD(e.g Ongoing Opuni trial)
f)”Smuggling” by Cocoa Farmers to neighboring countries of Togo,Benin which are paying close to USD$8.4k per kg.
f)Hoarding by local “Traders” in anticipation of a significant farmgate price hike from Oct 1st 2024.
Ghana COCOBOD is unable to make a healthy enough forecast for International banks and creditors to be comfortable enough to lend to COCOBOD money.
Ghana is also currently under IMF program that limits borrowing.
In short Ghana COCOBOD does NOT have money for
-Operations
-Buy Cocoa from Cocoa Farmers.
Options for COCOBOD:
1.Scale down operations significantly by laying off workers.
2.Borrow directly from Cocoa Traders at very high interest rates(Unlikely)
3.Create a liberalized Cocoa Market.
4.Borrow from Bank of Ghana.
5.A combination of above 4steps.
6.🤔🤔🤔

Nana Aduna II
24th August 2024.

24/08/2024

https://vimeo.com/655805088
This short video clip is a Teaser for the full Cocoa Documentary coming shortly.
Watch this space.

65 years after gaining political independence, Ghana is in a vibrant phase of awakening and upheaval. The country is starting to free itself from the economic supply…

12/04/2024

Top Cocoa exporters...