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Despite price cut, Ghana cocoa buyers lack funds to buy beans from farmers, sources say

Ghana's licensed cocoa buyers lack the funds to buy beans from farmers despite the government's recent move to slash the fixed price it sets for the chocolate ingredient, sources at the firms told Reuters.

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Economics

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1 M. Licensed Cocoa Buyers Association warns funding shortfalls and flawed strategy are crippling Ghana’s cocoa sector

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1 M. We are working to pay cocoa farmers’ arrears, exploring new funding model – COCOBOD

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1 M. Licensed Cocoa Buyers Association cautions against policy inconsistency in Ghana’s cocoa industry

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1 w. Gov’t bought 581,000 tonnes of cocoa at $7,200 — prices then plunged: Otokunor explains

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1 w. COCOBOD disburses GH¢4.2bn to Licensed Buying Companies to settle cocoa farmers’ arrears

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2 w. Ivory Coast reassures farmers over purchase of excess cocoa stock amid strike threats

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1 w. War, shipping risks, and surplus supply put Ghana’s cocoa sector at a crossroads

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2 w. Akyemansa Cocoa Farmers welcome Ghana’s 28% price reduction, call for additional incentives

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4 d. Price adjustment painful but necessary to sustain the cocoa sector – COCOBOD CEO

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Despite price cut, Ghana cocoa buyers lack funds to buy beans from farmers, sources say

Ghana's licensed cocoa buyers lack the funds to buy beans from farmers despite the government's recent move to slash the fixed price it sets for the chocolate ingredient, sources at the firms told Reuters.

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Despite price cut, Ghana cocoa buyers lack funds to buy beans from farmers, sources say

Ghana's licensed cocoa buyers lack the funds to buy beans from farmers despite the government's recent move to slash the fixed price it sets for the chocolate ​ingredient, sources at the firms told Reuters.

Similar News expand_more

Ghana's licensed cocoa buyers lack the funds to buy beans from farmers despite the government's recent move to slash the fixed price it sets for the chocolate ingredient, sources at the firms told Reuters.