
Food Business Africa Magazine » Ghana
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Food Business Africa Magazine » Ghana
1w ago
GLOBAL – Global cocoa prices soared by 123 percent in 2024, making cocoa the top-performing commodity for the second consecutive year, according to AFEX, a leading commodities market player.
The sharp price increase was primarily driven by a persistent supply deficit, particularly in West Africa, which accounts for over 75 percent of global cocoa production.
The region experienced its third consecutive season of unfavorable weather conditions, further exacerbated by widespread pest and disease outbreaks. These factors significantly reduced global cocoa bean output for the 2023/2 ..read more
Food Business Africa Magazine » Ghana
1w ago
GHANA – The Tree Crop Development Authority (TCDA) has issued a stern warning to individuals and companies exporting raw cashew nuts without proper registration or licenses, calling the practice illegal and detrimental to Ghana’s agricultural trade.
The warning follows a rise in unregulated shipments, which officials say threaten local industry stability and reduce national revenue.
Ghana is the world’s third-largest exporter of raw cashews, producing 180,000 metric tons annually. However, 90 percent of these nuts are shipped abroad unprocessed, limiting the country’s ability to ..read more
Food Business Africa Magazine » Ghana
1w ago
Côte d’Ivoire/Ghana – Agricultural commodities trader ECOM Agro-Industrial has secured US$230 million in financing from the International Finance Corporation (IFC) to support its cocoa trading operations in Côte d’Ivoire and Ghana.
As reported by AGRO, the IFC believes that this financing will help stabilize the supply chain and encourage other players in the sector to strengthen their balance sheets, stabilize their purchasing volumes from small producers, and intensify their investments in a sustainable supply chain in Côte d’Ivoire and Ghana, two of the world’s largest producers.
Demand f ..read more
Food Business Africa Magazine » Ghana
1w ago
GHANA – Ghana’s poultry industry continues to face challenges despite the rising demand for chicken meat in the country, according to the Minister of Food and Agriculture, Eric Opoku.
Speaking before the Appointments Committee of Parliament, Opoku said the sector, which has significant potential, cannot afford to remain in crisis.
Ghana is the second-largest consumer of chicken in West Africa after Nigeria, with annual consumption exceeding 300,000 metric tons, according to the United States Department of Agriculture (USDA). This figure is six times higher than the total consumption in Côte d ..read more
Food Business Africa Magazine » Ghana
2w ago
GHANA – The Ghana Cocoa Board (COCOBOD) has assured cocoa farmers that payments for their produce will remain a top priority.
COCOBOD’s newly appointed Chief Executive Officer, Dr. Ransford Anertey Abbey, emphasized during his first engagement with cocoa farmers that prompt payment would supersede all other financial commitments.
“We’ll prioritize payments for cocoa over other payments,” Dr. Abbey noted, adding that COCOBOD remains committed to maintaining transparency with farmers.
This assurance comes when concerns are heightened over funding, as the board did not access the traditional sy ..read more
Food Business Africa Magazine » Ghana
2w ago
GHANA – Diageo has announced the sale of its 80.4% shareholding in Guinness Ghana Breweries to French beverage company Castel Group for US$81 million.
In a statement confirming the deal, the UK-based drinks giant noted that Diageo brands currently produced by the Ghanaian business—including Guinness—will be licensed to Castel under a new agreement.
Other popular Diageo brands such as Malta Guinness, Orijin, Smirnoff Ice, Alvaro, and mainstream spirits will continue to be produced and distributed by Guinness Ghana under the new licensing arrangement.
This deal follows Diag ..read more
Food Business Africa Magazine » Ghana
3w ago
GHANA – President John Dramani Mahama has appointed Ransford Anertey Abbey as the Acting Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD).
The appointment, effective January 21, 2025, aligns with Article 195(1) of the Constitution and Section 12(2) of the Ghana Cocoa Board Act, 1984.
Abbey succeeds Joseph Boahen Aidoo, who resigned earlier this week following a government directive for the cessation of boards of State-Owned Enterprises (SOEs)
He will serve in an acting capacity until the required advice is received from the Board of Ghana Cocoa Board, in consulta ..read more
Food Business Africa Magazine » Ghana
1M ago
GHANA – Joseph Boahen Aidoo, the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), has officially resigned following a government directive for the cessation of boards of State-Owned Enterprises (SOEs).
In his resignation letter addressed to President John Dramani Mahama, Aidoo expressed gratitude for the trust placed in him by former President Nana Addo Dankwa Akufo-Addo, the New Patriotic Party (NPP) government, and Ghanaians during his eight-year tenure.
He described his leadership role as an “incredible honour” and cited the government directive as the primary reas ..read more
Food Business Africa Magazine » Ghana
1M ago
GHANA – The Ministry of Health in Ghana has raised alarm over poor meat handling practices, stressing on the risks of food poisoning and other health issues.
Speaking during a stakeholder meeting to address findings on animal welfare, food safety, and the one-health approach, Dr. Hafez Adam Taher, the Acting Director of Technical Coordination, emphasized the urgent need for training slaughterhouse operators and stakeholders in proper procedures.
He stressed the involvement of environmental health, family health, animal health officials, slaughterhouse owners, and butchers in ensu ..read more
Food Business Africa Magazine » Ghana
1M ago
UGANDA – More than 15,000 farmers in Uganda’s Pader District are set to specialize in coffee and cocoa farming under the National Development Plan 4 (NDP4).
This initiative, spearheaded by the district agricultural office, aims to improve household incomes and combat poverty by focusing on these lucrative perennial cash crops.
Seydou Opoka Adolatona, the district agricultural officer, highlighted the sustainability and economic benefits of the initiative.
“These crops are sustainable and offer significant economic benefits. Once planted, they require minimal recurring cos ..read more