Who owns Ghana 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.
Is COCOBOD a private company?
Ghana – Ghana Cocoa Board
COCOBOD is a fully state-owned company solely responsible for Ghana’s cocoa industry, controlling the purchase, marketing and export of all cocoa beans produced in the country.
How COCOBOD directors are elected?
A Board of Directors, appointed by the Government, governs COCOBOD. It is composed of Government nominees from various professions, a representative of the workers of COCOBOD and two representatives of the Cocoa, Coffee and Sheanut Farmers’ Association.
When was Ghana COCOBOD established?
The Ghana Cocoa Board was established by ordinance in 1947 with the sum of ¢ 27 million (being Ghana’s share of the net profit of the West African Produce Control Board) as its initial working capital. The Board traces its beginning further back to the cocoa hold-up of 1937.
What are the subsidiaries of COCOBOD?
Other divisions/subsidiaries of Ghana Cocoa Board are; Seed Production Division (SPD), Cocoa Health and Extension Division (CHED), Cocoa Research Institute of Ghana(CRIG).
What district is COCOBOD?
cocobod offices in ashanti region Kumasi.
Who is the chairman of cocoa board?
Peter Mac Manu Named New COCOBOD Board Chairman.
How do I become a cocoa buyer in Ghana?
be a Licensed Buying Company (LBC) and must have participated in the internal marketing of cocoa for a minimum period of two cocoa crop years. · have purchase a minimum of 10,000 tonnes of cocoa per year over the immediately preceding two consecutive crop years. · have personnel who posses the relevant technical know- …
Where can a cocoa processing industry be found in Ghana?
Ghana’s cocoa cultivation, however, is noted within the developing world to be one of the most modelled commodities and valuables. Cocoa production occurs in the country’s forested areas: Ashanti, Brong-Ahafo, Central Region, Eastern Region, Western Region, and Volta, where rainfall is 1,000–1,500 millimeters per year.
How much does cocoa contribute to Ghana’s economy?
While the sector’s overall contribution to national gross domestic product (GDP) is about 3 percent, it makes up about 20-25 percent of total export receipts, provides about two-thirds of cocoa farmers’ incomes and supports the livelihoods of approximately four million farming households (Ghana Statistical Service, …
What is cocoa triangle?
Ghana, Cocoa Triangle
In Ghana, the triangular area between Takoradi, Kumasi and Accra towns has Concentration of cocoa plantations, hence called “Cocoa Triangle”. soil, climate. cocoa tree need warm wet climate, forest protection.
How much money does Ghana make from cocoa?
Ghana’s export revenue from cocoa has been rising in recent years; in 2018 the total export value was $3.2 billion, a 34% increase from 2017 and up 71% from 2016, according to TradeMap data. Trade is highly concentrated, with Malaysia and the Netherlands account for just over half of the market.
Which missionaries brought cocoa to Ghana?
Tetteh Quarshie (1842 – 25 December 1892) was a pre-independence Ghanaian agriculturalist and the person directly responsible for the introduction of cocoa crops to Ghana, which today constitute one of the major export crops of the Ghanaian economy.
Where does cocoa come from?
Fruit of the cacao tree (Theobroma cacao), the source of cocoa and chocolate. The plant is native to tropical regions of Central and South America but is primarily cultivated in western Africa.