• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Artisanal Chocolate Makers To Buy Beans Directly From Cocoa Marketing Company

February 1, 2024
Stephen M.Cby Stephen M.C
in Vaultz Business
0
Ghana Set to Raise Cocoa Farmgate Price by Nearly 45%: A Strategic Move Amid Global Cocoa Deficits

Cocoa beans

The Ghana Cocoa Board has announced a policy to allow artisanal chocolate makers to buy cocoa beans directly from the Cocoa Marketing Company Limited.

The policy, which starts this year, will provide relief for the small-scale processors to address the issues of high production cost characterised with buying beans from secondary sources and access to beans.

It is also a way of supporting the growth of small businesses to reduce unemployment in the country. “We wish to implore such firms not to take this opportunity for granted but rather use it to expand, innovate and diversify their production lines to maximize profit,”

RelatedPosts

“Tear Down the Barriers!” – Stellenbosch Panel Calls for Urgent Overhaul to Boost Intra-African Trade

MTN Ghana Deepens Customer Connections in Eastern Region with $250 Million Network Investment

BoG Moves to Unlock Short-Term Capital for SMEs Through New Receivable Discounting Framework

Mr Joseph Boahen Aidoo, the Chief Executive of Ghana Cocoa Board, said in a speech read on his behalf by Mr Ray Ankrah, Deputy CEO, at the launch of the 2024 National Chocolate Week Celebration.

Mr Aidoo said the Board had mounted aggressive campaigns in recent years to change attitudes among the citizenry towards local consumption of cocoa.

From 2017, as part of a broader strategy to transform the cocoa sector, the Board rolled out various schemes aimed at processing at least 50% of cocoa produced annually in the country to improve upon an inherited per capita consumption of 0.45kg to at least 1kg within a 5-7-year period.

Mr Aidoo noted that the 500,000mt installed capacity presented an opportunity for major policies to address the relatively low processing and consumption levels. “Through targeted campaigns, educational initiatives, and collaborative efforts with stakeholders, we have witnessed a gradual shift in consumer attitudes towards locally produced cocoa products and this has translated into the realization of a per capita consumption of 1kg,” he said.

Per Capita Consumption of Cocoa In Europe And Americas

Mr Aidoo stated that there is a need to consolidate the gains, considering the per capita consumption of cocoa in Europe and Americas ranged from 7kg to 11kg. He indicated that the Chocolate Week Celebration, which has initiatives like Chocolate City at the Tetteh Quarshie Roundabout and Nationwide Campaign every February, has not only raised awareness about the nutritional benefits of cocoa but also celebrated its national and cultural significance, fostering a sense of pride in our national produce, cocoa.

“The emergence of innovative cocoa-based products in the local market triggered by the massive support of hundreds of small-scale artisanal chocolate makers has increased the growing acceptance and appreciation for home-grown chocolates and other cocoa-based confectioneries,” he said.

Touching on beans shortage, Mr Aidoo said illegal mining, climate change, disease and pest attacks, and cocoa smuggling had greatly contributed to the phenomenon, thereby affecting forecast and projections. “While efforts are being made to reduce the threats of these factors, I wish to indicate that we have, over the past seven years achieved significant success in our productivity-driven and price guard initiatives,” he said.

Mr Aidoo noted that the Board would next month hand over several rehabilitated farms across the cocoa regions to beneficiary farmers. These well-maintained farms have the potential of increasing our annual cocoa stocks significantly – and this means more money for our farmers and other actors. The Productivity Enhancement Programmes such as pruning, mass spraying, and pollination, among others will ensure that the farms produce more cocoa, he added.

Mr Akwasi Agyemang, Chief Executive of Ghana Tourism Authority, praised the collaboration with COCOBOD in the past three years in the celebration of the chocolate week to enhance consumption.

The National Planning Committee for the Promotion of Cocoa Consumption in collaboration with GTA and other key stakeholders is focusing on the youth as a potential market for this year’s celebration through tailor-made activities at the Chocolate City.

Programmes lined up for the celebration include a health walk, family day out and variety show at the Chocolate City, time with school children, and a quiz competition, among others.

READ ALSO: Oil Giant Shell Posts Full-Year Profit Beat, Announces $3.5 Billion Share Buyback

Tags: 2024 National Chocolate Week CelebrationArtisanal Chocolate Makers To Buy Beans Directly From Cocoa Marketing CompanychocolateCocoaCocoa Marketing CompanyGhana Cocoa Board
Please login to join discussion
Previous Post

WHO Projects 77% Increase In Cancer Cases In 2050

Next Post

U.S Announces Sanctions Against Israeli Settlers In West Bank

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Climate Policy Adviser Sets Ghana’s Strategic Priorities at Bonn Ahead of COP30
Extractives/Energy

Cedric Dzelu Urges Urgent Development of Climate Transition Plans 

July 22, 2025
Bright Simons, Audit, Cathedral
General News

Deloitte Audit Uncovers Rot in National Cathedral Project

July 22, 2025
Speaker Alban Bagbin
General News

Parliament Passes Ghana Medical Trust Fund Bill to Tackle NCD Crisis

July 22, 2025
Trump Hints Trade Deal With The Philippines
USA

Trump Hints Trade Deal With The Philippines

July 22, 2025
Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit 
Extractives/Energy

Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit 

July 22, 2025
Dr Dominic Akuritinga Ayine, Ghana's Attorney General and Minister for Justice
General News

AG Urged to Make Full Disclosure over Nolle Prosequi in Duffuor-Others Case

July 22, 2025
Climate Policy Adviser Sets Ghana’s Strategic Priorities at Bonn Ahead of COP30
Extractives/Energy

Cedric Dzelu Urges Urgent Development of Climate Transition Plans 

by Prince AgyapongJuly 22, 2025
Bright Simons, Audit, Cathedral
General News

Deloitte Audit Uncovers Rot in National Cathedral Project

by Silas Kafui AssemJuly 22, 2025
Speaker Alban Bagbin
General News

Parliament Passes Ghana Medical Trust Fund Bill to Tackle NCD Crisis

by Evans Junior OwuJuly 22, 2025
Trump Hints Trade Deal With The Philippines
USA

Trump Hints Trade Deal With The Philippines

by Comfort AmpomaaJuly 22, 2025
Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit 
Extractives/Energy

Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit 

by Prince AgyapongJuly 22, 2025
Dr Dominic Akuritinga Ayine, Ghana's Attorney General and Minister for Justice
General News

AG Urged to Make Full Disclosure over Nolle Prosequi in Duffuor-Others Case

by Evans Junior OwuJuly 22, 2025
Climate Policy Adviser Sets Ghana’s Strategic Priorities at Bonn Ahead of COP30
Bright Simons, Audit, Cathedral
Speaker Alban Bagbin
Trump Hints Trade Deal With The Philippines
Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit 
Dr Dominic Akuritinga Ayine, Ghana's Attorney General and Minister for Justice
[/vc_row_inner]

Recent News

  • Cedric Dzelu Urges Urgent Development of Climate Transition Plans 
  • Deloitte Audit Uncovers Rot in National Cathedral Project
  • Parliament Passes Ghana Medical Trust Fund Bill to Tackle NCD Crisis
  • Trump Hints Trade Deal With The Philippines
  • Tullow Sells Kenya Assets to Gulf Energy for $120m in Strategic Exit 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.