ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Ghana raises cocoa farmers’ pay by 21% after premium surcharge

Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on futures prices for the 2020-21 harvest, according to two people familiar with the matter.

in Business
Reading Time: 1 min read
1 0
0
Ghana raises cocoa farmers’ pay by 21% after premium surcharge
1
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

More

Niger to grow over 6% in 2025, driven by oil boom

New AfDB index reveals reform potential in the delivery of basic services in Africa

Equatorial Guinea: ‘Siéntete Divina’ — from a nickname to an inspiring brand

Growers of cocoa beans in the world’s second-largest producer of the crop will receive 625 cedis ($108) per 64-kilogram bag, or 10,000 cedis per ton, for the harvest season that begins Oct. 1 and continues through Sept. 2021 after the so-called Living-Income Differential (LID) was charged on the beans. This compares to 515 cedis per a bag and 8,240 cedis per a ton in the current season that ends Sept. 30, the people said, asking not to be named as the information is not yet public.

Ghana and neighboring Ivory Coast, the world’s largest grower of the crop, announced in July last year that the LID would raise the pay of farmers. The pricing mechanism received mixed reactions from traders as the premium couldn’t be hedged.

The farm gate price increase for Ghana’s estimated 800,000 cocoa farmers may boost President Nana Akufo-Addo’s chances of re-election in December’s election. He is running against former leader and main opposition candidate John Dramani Mahama.

Source: iol.co.za
africanian

africanian

  • Trending
  • Comments
  • Latest
Weather in Morocco: Climate, Seasons and Average Temperature

Weather in Morocco: Climate, Seasons and Average Temperature

August 25, 2020
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
Weather in Kenya: Climate, Seasons, and Average Temperature

Weather in Kenya: Climate, Seasons and Average Temperature

August 26, 2020
Equatorial Guinea: United Nations team Resident Coordinator visits Dreams Hub

Equatorial Guinea: United Nations team Resident Coordinator visits Dreams Hub

June 16, 2025
OIF and Dreams Hub open new green opportunities for youth and women in Equatorial Guinea

OIF and Dreams Hub open new green opportunities for youth and women in Equatorial Guinea

June 16, 2025
Somalia: the female revolution building cities

Somalia: the female revolution building cities

June 14, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to [email protected]

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected]. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.