What does the Ghana Cocoa Board do?

The Ghana Cocoa Board (COCOBOD) is a Ghanaian government-controlled institution that fixes the buying price for cocoa in Ghana. Farmers are protected from the volatile prices on the world market through the price-fixing.

What is the vision of Ghana Cocoa Board?

To encourage and facilitate the production, processing and marketing of premium quality cocoa, coffee and sheanut in all forms in the most efficient and cost effective manner and maintain the best industrial relations with its workers and develop its human resource.

What does cocoa marketing company do?

CMC is a wholly subsidiary of the Ghana Cocoa Board, established in 1961 to perform the following functions: To Promote, Sell and Deliver Ghana’s Cocoa to both local cocoa processors and the international traders and processors.

Why is cocoa important to Ghana?

“Cocoa is a major source of foreign exchange for Ghana and foreign exchange is good for the country. Also, cocoa money is used for hospitals and roads for the benefit of the country. Cocoa is the backbone of the Ghanaian economy.” (Male FGD participants, Western Region).

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How much money does Ghana make from cocoa?

Cocoa farmers in Ghana make $1/day, while those in Côte d’Ivoire make around $0.78/day—both significantly below the extreme poverty line. Farmers are often unable to bear the costs of cocoa farming as a result of low incomes.

Who is the CEO of Ghana cocobod?

Which company produces chocolate in Ghana?

Cargill has been sourcing cocoa from Ghana for over 40 years and in 2008 opened its state-of-the-art cocoa processing facility in Tema. Today the company has around 240 employees processing cocoa products to service food and confectionary customers locally and around the world.

Why is the Ghana Cocoa Board established?

In recognition of the contribution of cocoa to the development of Ghana, the government in 1947 established the Ghana Cocoa Board (COCOBOD) as the main government agency responsible for the development of the industry.

Where is cocobod located in Takoradi?

Cocobod is located at Sekondi-Takoradi, Western Region (Ghana).

Why was the cocoa marketing board set up?

The British set up crop marketing boards in West Africa during World War II, motivated by commodity price and access concerns (Bauer and Yamey 1968: 143; Williams 1953: 46).

What is the work of cocoa board?

The Ghana Cocoa Board (COCOBOD) is a Ghanaian government-controlled institution that fixes the buying price for cocoa in Ghana. Farmers are protected from the volatile prices on the world market through the price-fixing.

Why cocoa is so important?

Cocoa powder is rich in theobromine, which helps to reduce inflammation and can protect you from diseases such as heart disease, cancer, and diabetes. Since cocoa is rich in phytonutrients but low in fat and sugar, the calories you get from cocoa powder will be packed with healthy chemicals.

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How much does cocoa contribute to Ghana’s economy?

Cocoa production has been the backbone of Ghana’s economy since the 1870s. It dominates the agricultural sector and contributes about 30% of the country’s export earnings. Cocoa employs about 800,000 farmers directly.

Why is the cocoa plant important?

Cocoa, Theobroma cacao , is a very important crop because it provides food, income, employment, industrial raw material and resources for poverty reduction [1]. Besides the provision of livelihood for millions of smallholder farmers, cocoa also provides raw material for the multibillion global chocolate industry.

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