Joseph Aidoo

Cocoa Processing Increased By 43% Despite Production Challenges- COCOBOD CEO

Cocoa Processing Increased By 43% Despite Production Challenges- COCOBOD CEO

CEO of Ghana Cocoa Board, Hon. Joseph Boahen Aidoo, has noted that although Ghana is faced with challenges associated with Cocoa production, the country has been able to increase its processing levels by 43%. In an interview with Kwaku Dawuro on Movement in the Morning show on Movement TV, he highlighted various factors affecting cocoa production, including climate change, smuggling, and more. He explained that cocoa has two prices: spot and future prices, with future prices being more expensive than spot prices. "In previous years, 300,000 acres of cocoa farms were damaged due to climate change. Cocoa prices fluctuate, with…
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Joseph Aidoo Ruled Out For Seven Months After Sustaining Ankle Injury On Black Stars Duty

Joseph Aidoo Ruled Out For Seven Months After Sustaining Ankle Injury On Black Stars Duty

Celta Vigo have announced that Ghana centre-back, Joseph Aidoo, will be sidelined for at least six months. This was after the 28-man sustained an ankle injury during Ghana’s match against Mexico on Sunday, October 15. Aidoo was taken off after 28 minutes into the game at the Bank of America Stadium, with the Black Stars eventually losing 2-0. Upon returning to his club for further assessment, the LaLiga outfit said in a statement on Thursday, October 19 that Aidoo will be out for between six and seven months. “The head of RC Celta's medical services, Juan José García Cota, operated…
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Defender Joseph Aidoo Ruled Out Of Ghana v USA Friendly Game

Defender Joseph Aidoo Ruled Out Of Ghana v USA Friendly Game

Ghana’s central defender, Joseph Aidoo has been ruled out of Black Stars friendly game against the United States of America (USA). The Celta Vigo defender suffered an ankle injury in Ghana’s first international friendly game against Mexico on Sunday dawn, a game the Black Stars got beaten by 2-0 at the Bank of America Stadium in North Carolina.Hirving Lozano and Uriel Antuna scored the goals for the CONCACAF champions in the second half. Aidoo played just 28 minutes in the game after starting the friendly alongside Nicholas Opoku in a four-man backline for the Black Stars. “Further tests by team…
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Ato Forson And Eric Opoku Have Their DNA’s Filled With Lies- CEO, COCOBOD

Ato Forson And Eric Opoku Have Their DNA’s Filled With Lies- CEO, COCOBOD

The CEO of Ghana COCOBOD, Joseph Boahen Aidoo, has rebuked the minority leader in Parliament and the NDC for criticizing government for the increment of producer price for cocoa. According to the Minority, the recent increase in cocoa prices by the government is actually a rip off on the famers. In a press conference in the Ahafo Region, the Minority Leader, Dr. Cassiel Ato Forson accused the government of shortchanging the farmers. He said farmers should have received at least GH¢2,500 per cocoa bag, considering the high price of cocoa on the international market. However, Mr. Aidoo noted that the…
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$1.13bn Cocoa Syndicated Loan: First Tranche Expected To Hit BoG Account Today

$1.13bn Cocoa Syndicated Loan: First Tranche Expected To Hit BoG Account Today

The first tranche of the $1.13 billion cocoa syndicated loan is expected to hit the account of the Bank of Ghana today, October 26, 2022. Sources indicate that about $790 million is expected to come in from the consortium of banks. The $790m forex to be received by the BoG, is expected to bolster the cedi and shore up its value against the US dollar. The funds which will be used to finance purchases of cocoa beans will also boost the country’s Balance of Payment (BoP). Finance Minister, Ken Ofori-Atta, on Tuesday confirmed the inflows of the cocoa syndicated loan…
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