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President John Mahama has announced a new policy direction aimed at ending the export of Ghana’s mineral ores in their raw form by 2030, as part of his government’s drive to boost industrialisation and job creation. Speaking at the Accra Reset Addis Reckoning event in Addis Ababa on Saturday, February 14, President Mahama said Ghana must move away from exporting unprocessed resources and instead invest in building strong local refining […]

The Ghana Cocoa Board (COCOBOD) is grappling with unsold cocoa beans due to uncompetitive pricing rather than smuggling, a sharp reversal from last year's situation, Chief Executive Dr Randy Abbey has disclosed. Speaking on Joy FM's Newsfile programme, Dr Abbey explained that Ghana's cocoa beans have become significantly more expensive compared to other producing countries, creating a pricing gap that has left the country with stockpiles of unsold produce.Source: www.myjoyonline.comRead […]

Ghana has virtually eliminated cocoa smuggling this season by maintaining prices closer to international rates, unlike last year when a $3,000 price gap triggered daily smuggling incidents, Dr Randy Abbey, Chief Executive of the Ghana Cocoa Board (COCOBOD), has revealed. Speaking on Joy FM's Newsfile programme, Dr Abbey explained that border communities typically operate in two markets and choose whichever is more favourable, making price differentials the key driver of […]

This Saturday's edition of JoyNews' Newsfile, Ghana’s cocoa industry, long a backbone of the national economy, finds itself at a crossroads. Source: www.myjoyonline.comRead full article