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Top related persons:
Ange Aboa - 1 Nana Akufo - 1 Addo - 1 Ghana cedi - 1 ​ - 1 Leticia Adu Yankey - 1 Fiifi Boafo - 1 Maxwell Adombila - 1
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Atroni Sunyani Ghana Akufo West Africa London Ivory Coast Togo
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REUTERS - 1 Ghana cedi - 1 Ghana Civil Society Cocoa - 1 CFA - 1 Central African CFA - 1 Thomson - 1

Search resuls for: "Maxwell Akalaare Adombila Christian Akorlie"


2 mentions found


☆ Ghana hikes 2023/2024 cocoa farmgate price as supplies tighten
  + stars: | 2023-09-09 | by ( Maxwell Akalaare Adombila Christian Akorlie | Maxwell Akalaare Adombila | Christian Akorlie | ) www.reuters.com   time to read: +3 min
Cocoa beans are pictured next to a warehouse at the village of Atroni, near Sunyani, Ghana April 11, 2019. A weakened cedi currency and a lower farmgate cocoa price in Ghana in the 2022/2023 season, compared with neighbouring Ivory Coast, the world's top cocoa grower, saw beans smuggled to there and to Togo. Fiifi Boafo, head of public affairs at regulator COCOBOD regulator told Reuters on Saturday that Ghana is targeting an output of 820,000 metric tons for the 2023/2024 season after the increased farmgate price. Boafo added that Ghana is planning to borrow $1.2 billion for its annual cocoa purchases. Cameroon, another top West African cocoa producer, and the world's fourth biggest, on Thursday raised its farmgate cocoa price by 25% to around 1,500 ($2.45) CFA franc per kg for the 2023/2024 season.
Persons: Ange Aboa, Nana Akufo, Addo, Ghana cedi, ​, Leticia Adu Yankey, Fiifi Boafo, Maxwell Adombila, Bate Felix, Clelia Oziel, Alexander Smith Organizations: REUTERS, Ghana cedi, Ghana Civil Society Cocoa, Reuters, CFA, Central African CFA, Thomson Locations: Atroni, Sunyani, Ghana, Akufo, West Africa, London, Ivory Coast, Togo, Cameroon
☆ IMF approves Ghana $3 billion loan facility
  + stars: | 2023-05-17 | by ( Maxwell Akalaare Adombila Christian Akorlie | Maxwell Akalaare Adombila | Christian Akorlie | ) www.reuters.com   time to read: +2 min
This paved the way for a sign-off on the IMF loan, which was agreed at staff level in December. Some $5.4 billion of debt to official creditors has been earmarked for restructuring, according to government data, as well as $14.6 billion of debt to private overseas creditors. Zambia, the first African country to default in the COVID-19 era, secured an IMF loan in September 2022 and still has not agreed debt restructuring terms with creditors. Analysts expect Ghana's process to be faster and smoother than Zambia's since China holds a smaller proportion of Ghana's debt. China is Zambia's largest bilateral creditor and has been accused of delaying that country's debt restructuring, which it denies.
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