• 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 warns European chocolate buyers to be ready to pay up for sustainable cocoa

2 years ago
in Agribusiness, Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
1
158
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana warns European chocolate buyers to be ready to pay up for sustainable cocoa

European cocoa buyers must be ready to pay more for beans that meet the region’s looming sustainability rules, key grower Ghana warned.

Ivory Coast and Ghana, which together supply about two-thirds of the chocolate ingredient, are having to set up systems to comply with new European Union regulations that ensure products aren’t grown on deforested land. They will enter into force at the end of this month, though companies have until the end of 2024 to comply.

The EU is also putting in measures to tackle issues like child labor within company supply chains. But meeting requirements of the rules will come at an extra cost that the consumer will have to pay, according to Ghana Cocoa Board Chief Executive Officer Joseph Boahen Aidoo. Such costs include traceability systems.

“We want to sustainably and responsibly produce cocoa, and that comes at a certain quality and cost which the consumer should be prepared to pay,” Aidoo said in an interview in the capital, Accra.

Ghana’s warning of extra costs comes as consumers around the world continue to be squeezed by higher prices for groceries — including indulgent treats. London cocoa futures have climbed to the highest since 2016 amid concerns unfavorable weather could tighten supplies.

The EU’s new rules will also apply to products including coffee, palm oil, and soybeans. Aidoo said Ghana’s cocoa crop is compliant with the legislation, and that beans shipped from the country will be able to be traced back to the farm.

RelatedPosts

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

“It is in our own interest that we improve and keep protecting the environment within which we produce cocoa,” he said. “Our system has a national identity and improved transparency in the cocoa sector and allows the regulator to scientifically prove the location of farms and veracity of claims of child labor.”

Source: bloomberg
Via: norvanreports
Tags: CocoaEuropean chocolate buyersghanaGhana warns European chocolate buyers to be ready to pay up for sustainable cocoa

Comments 1

  1. Sadco says:
    2 years ago

    Interesting!

No Result
View All Result

Highlights

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

President Mahama Secures Infrastructure, Technology, and Agriculture Deals on Japan Visit

Mida Pledges Alignment With US Strategic Shift On Millennium Challenge Corporation

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

Trending

Features

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

August 25, 2025

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers As anticipation builds for the...

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

August 25, 2025

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

August 25, 2025

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

August 25, 2025

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

August 25, 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.