• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Ghana set to establish and host African Cocoa Exchange this year

2 years ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News, Markets, Trade
1 min read
0 0
0
75
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana set to establish and host African Cocoa Exchange this year

Ghana has announced plans to potentially establish and host the African Cocoa Exchange this year – 2023. The establishment of the African Cocoa Exchange by the COCOBOD in partnership with other cocoa-producing countries has garnered support from the government, indicating a commitment to enhancing the cocoa industry’s profitability and sustainability in Africa.

Ghana’s leadership in advocating for the establishment of an African Cocoa Exchange reflects the country’s dedication to empowering cocoa producers and ensuring fairer pricing. By providing a platform for financing and trading cocoa proceeds, the proposed exchange will contribute to reshaping the cocoa supply chain in Africa and delivering greater value to all stakeholders. Ghana is taking the lead in advocating for the establishment of a Cocoa Exchange on the African continent, aiming to give African cocoa producers some control over commodity pricing.

The proposed Cocoa Exchange will serve as an international marketing platform for financing and trading cocoa proceeds, providing a means for African cocoa farmers to negotiate better pricing. Currently, cocoa producers in Africa face challenges in bargaining for fair prices due to the domination of only two international markets, namely New York and London.

By establishing an African Cocoa Exchange, the continent aims to gain more influence over cocoa pricing, given that Africa is the largest producer of cocoa in the world. Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board, emphasized the importance of the Cocoa Exchange in granting Africa greater control over pricing.

Mr Aidoo stated that the initiative would instill confidence in producers regarding cocoa pricing in the global market. By having an international platform, such as the one being built by the International Cocoa and Coffee Organisation (ICCO), Africa will have more participation in setting prices.

He further highlighted the potential benefits of having regional markets, such as Accra, Lagos, or Abuja, where Africa can exert influence and play a role in determining pricing. This move is expected to mark a significant step forward in ensuring fairer pricing for African cocoa producers.

RelatedPosts

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

Tags: African Cocoa ExchangeCocoaghanaGhana set to establish and host African Cocoa Exchange this year
No Result
View All Result

Highlights

Chamber of Mines Cautions Government Against Halving Mining Lease Tenure

Sidi Ould Tah Assumes Office As 9th President of the African Development Bank Group

Angola to Begin Fuel Production at First New Refinery in 50 Years

Fuel Prices Adjust Across Pumps as Cedi Depreciation Offsets Global Oil Decline

BoG Forex Rules Aiming to Ease Dollar Demand, Shift Exchange Burden to Residents – Dr Theo Acheampong

Black Stars Begin 2026 World Cup Qualifying Campaign with Training in Accra; Set to Depart for Chad Today

Trending

Business

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

September 2, 2025

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment Ghana’s strategic...

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

September 2, 2025

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

September 2, 2025

Chamber of Mines Cautions Government Against Halving Mining Lease Tenure

September 2, 2025

Sidi Ould Tah Assumes Office As 9th President of the African Development Bank Group

September 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.