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The Latest Breaking News from Ghana

West African Rain Eases Dry Conditions and Hammer Cocoa Prices

March ICE NY cocoa (CCH25 ) today is down -538 (-4.58%), and March ICE London cocoa #7 (CAH25 ) is down -342 (-3.72%). Cocoa prices today are sharply lower and posted 1-1/2 week lows as recent rain in West Africa has boosted soil moisture levels, eased dry conditions. and sparked...

Barchart

Cocoa Deficit Concerns Push Prices Higher

March ICE NY cocoa (CCH25 ) Wednesday closed up +371 (+3.26%), and March ICE London cocoa #7 (CAH25 ) closed up +152 (+1.68%). Cocoa prices jumped Wednesday on the outlook for the global cocoa deficit to widen. Last Friday, the International Cocoa Organization (ICCO) said a survey of global cocoa...

Barchart

Cocoa Prices Rally on the Outlook for the Global Cocoa Deficit to Widen

March ICE NY cocoa (CCH25 ) today is up +355 (+3.12%), and March ICE London cocoa #7 (CAH25 ) is up +146 (+1.61%). Cocoa prices are moderately higher today on the outlook for the global cocoa deficit to widen. Last Friday, the International Cocoa Organization (ICCO) said a survey of...

Barchart

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Ghana’s illegal mining crisis: environmental destruction, clashes, and calls for action

Illegal mining has become a crippling burden on Ghana, wreaking havoc on the nation’s water bodies, land, and even claiming lives. Despite repeated efforts by successive governments, the problem remains unresolved.

Radio France Internationale

Cocoa Prices Little Changed as Rain in West Africa Improves Crop Conditions

March ICE NY cocoa (CCH25 ) Tuesday closed up +2 (+0.02), and March ICE London cocoa #7 (CAH25 ) closed down -11 (-0.12%). Cocoa prices on Tuesday recovered from 1-week lows and were little changed. Recent rains in West Africa eased dry conditions and are weighing on cocoa prices. However,...

Barchart

Cocoa Prices Underpinned on Concerns of a Global Cocoa Shortage

March ICE NY cocoa (CCH25 ) today is up +13 (+0.11), and March ICE London cocoa #7 (CAH25 ) is up +21 (+0.23%). Cocoa prices today are moderately higher on carryover support from last Friday when the International Cocoa Organization (ICCO) said a survey of global cocoa stockpiles at the...

Barchart

Rain in West Africa Sparks Long Liquidation in Cocoa

March ICE NY cocoa (CCH25 ) Monday closed down -221 (-1.91%), and March ICE London cocoa #7 (CAH25 ) closed down -131 (-1.43%). Cocoa prices dropped to 1-week lows on Monday as weekend rains in the Ivory Coast and Ghana eased the dry conditions caused by the seasonal Harmattan winds...

Barchart

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Rain in West Africa Weighs on Cocoa Prices

March ICE NY cocoa (CCH25 ) today is down -107 (-0.92%), and March ICE London cocoa #7 (CAH25 ) is down -131 (-1.43%). Cocoa prices today dropped to 1-week lows as weekend rains in the Ivory Coast and Ghana eased the dry conditions caused by the seasonal Harmattan winds and...

Barchart

Global Cocoa Deficit Supports Cocoa Prices

March ICE NY cocoa (CCH25 ) Friday closed up +41 (+0.35%), and March ICE London cocoa #7 (CAH25 ) closed up +3 (+0.03%). Cocoa prices Friday settled higher after the International Cocoa Organization (ICCO) said a survey of global cocoa stockpiles at the end of the 2023/24 season was at...

Barchart

Cocoa Prices Climb as ICCO Survey Signals a Larger Global Cocoa Deficit

March ICE NY cocoa (CCH25 ) today is up +80 (+0.69%), and March ICE London cocoa #7 (CAH25 ) is up +29 (+0.32%). Cocoa prices are climbing today after the International Cocoa Organization (ICCO) said a survey of global cocoa stockpiles at the end of the 2023/24 season was at...

Barchart

Cocoa Prices Retreat on Chocolate Demand Concerns

March ICE NY cocoa (CCH25 ) Thursday closed down -123 (-1.05%), and March ICE London cocoa #7 (CAH25 ) closed down -164 (-1.75%). Cocoa prices settled moderately lower on Thursday as demand concerns sparked long liquidation. Chocolate maker Barry Callebaut reported a sales decline of -2.7% y/y for the November...

Barchart

Cocoa Prices Fade as Dollar Strength Induces Long Liquidation

March ICE NY cocoa (CCH25 ) today is down -111 (-0.95%), and March ICE London cocoa #7 (CAH25 ) is down -148 (-1.58%). Cocoa prices today are moderately lower as a stronger dollar induced long liquidation in cocoa futures. On Wednesday, NY cocoa posted a 2-week high, and London cocoa...

Barchart

Cocoa Prices Supported by West African Crop Concerns

March ICE NY cocoa (CCH25 ) Wednesday closed up +116 (+1.00%), and March ICE London cocoa #7 (CAH25 ) closed up +107 (+1.16%). Cocoa prices Wednesday rose for the third consecutive session, with NY cocoa posting a 2-week high and London cocoa posting a 1-month high. Crop production concerns in...

Barchart

Dry Harmattan Winds Threaten West African Cocoa Crops

March ICE NY cocoa (CCH25 ) today is up +92 (+0.80%), and March ICE London cocoa #7 (CAH25 ) is up +118 (+1.28%). Cocoa prices today are climbing for the third consecutive session, with NY cocoa posting a 2-week high and London cocoa posting a 1-month high. Crop production concerns...

Barchart

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Radio France Internationale

Ghana steps up efforts to mend regional ties with Sahel alliance appointment

Ghana's President John Dramani Mahama has appointed a former national security chief as envoy to the alliance formed by Niger, Mali and Burkina Faso, signalling his administration's intention to mend ties with the three military-led nations.

Al Jazeera

As gold prices surge, Ghana faces ‘looming crisis’ over illegal mining

Illegal and small-scale mining known as galamsey is contaminating the country’s rivers and soil, activists say.

Barchart

West African Cocoa Crop Concerns Boost Prices

March ICE NY cocoa (CCH25 ) Tuesday closed up +386 (+3.45%), and March ICE London cocoa #7 (CAH25 ) closed up +236 (+2.62%). Cocoa prices Tuesday rallied to 2-week highs on crop production concerns in West Africa. Some Ivory Coast and Ghana cocoa farmers have reported that cocoa trees are...

Barchart

Cocoa Prices Jump on West African Crop Concerns

March ICE NY cocoa (CCH25 ) today is up +324 (+2.90%), and March ICE London cocoa #7 (CAH25 ) is up +208 (+2.31%). Cocoa prices today jumped to 2-week highs and are sharply higher on crop production concerns in West Africa. Some Ivory Coast and Ghana cocoa farmers have reported...

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Top News

Mayor Faces Criticism Over Timing Of Overseas Trip During Fire

Mayor Karen Bass faces criticism for traveling to Ghana during Palisades Fire crisis, raising questions about leadership and emergency response protocols.

Barchart

Cocoa Prices Sharply Higher as Hershey Seeks CFTC Approval for a Huge Cocoa Purchase

March ICE NY cocoa (CCH25 ) Thursday closed up +474 (+4.53%), and March ICE London cocoa #7 (CAH25 ) closed up +289 (+3.39%). Cocoa prices rallied sharply Thursday as chocolate maker Hershey Co. is seeking CFTC approval to buy a large amount of cocoa through the ICE Futures Exchange due...

The Independent UK

Why was LA Mayor Karen Bass in Ghana as devastating wildfires broke out?

Los Angeles mayor set off for African nation on Saturday despite reports of possible fire weather the day prior

Barchart

Cocoa Prices Surge as Hershey Seeks a Large Cocoa Purchase Through ICE Exchange

March ICE NY cocoa (CCH25 ) today is up +466 (+4.46%), and March ICE London cocoa #7 (CAH25 ) is up +287 (+3.37%). Cocoa prices today are sharply higher as chocolate maker Hershey Co. is seeking CFTC approval to buy a large amount of cocoa through the ICE Futures Exchange...

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