The Latest Breaking News from Ghana

Cocoa Prices Settle Sharply Lower on Beneficial Weather in West Africa

September ICE NY cocoa (CCU24 ) on Monday closed down -985 (-11.06%), and July ICE London cocoa #7 (CAN24 ) closed down -638 (-7.68%). Cocoa prices Monday sold off sharply, with NY cocoa sinking to a 1-month low and London cocoa falling to a 2-1/2 week low. Reports of beneficial...

Barchart · Jun 24, 2024

Cocoa Prices Plummet on Beneficial Growing Conditions in West Africa

September ICE NY cocoa (CCU24 ) today is down -997 (-11.20%), and July ICE London cocoa #7 (CAN24 ) is down -681 (-8.19%). Cocoa prices today have sold off sharply, with NY cocoa sinking to a 1-month low and London cocoa falling to a 2-1/2 week low. Reports of beneficial...

Barchart · Jun 24, 2024

Namibian Pride: activists hail overturning of law that banned same-sex acts between men.

A top court in Namibia has ruled colonial-era laws banning same-sex relationships were unconstitutional, in a case brought by a local LGBTQ+ activist. Also in the programme, Kenyan protesters call for a national shutdown to oppose new tax hikes. We also visit Sierra Leone's capital Freetown, where a chimpanzee refuge…

France 24 · Jun 21, 2024

Cocoa Prices Retreat on Demand Concerns

July ICE NY cocoa (CCN24 ) today is down -340 (-3.42%), and July ICE London cocoa #7 (CAN24 ) is down -301 (-3.53%). Cocoa prices today are sharply lower on demand concerns. Chocolate producer Nestle SA said Wednesday that consumers will cut back on chocolate purchases as the recent historic...

Barchart · Jun 20, 2024

Cocoa Prices Settle Higher on a Decline in Ivory Coast Cocoa Output

July ICE NY cocoa (CCN24 ) on Tuesday closed up +279 (+2.89%), and July ICE London cocoa #7 (CAN24 ) closed up +65 (+0.77%). Cocoa prices on Tuesday settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data Tuesday...

Barchart · Jun 18, 2024

Cocoa Prices Move Higher on Reduced Cocoa Output in the Ivory Coast

July ICE NY cocoa (CCN24 ) today is up +274 (+2.84%), and July ICE London cocoa #7 (CAN24 ) is up +59 (+0.70%). Cocoa prices today are moving higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data today showed that...

Barchart · Jun 18, 2024

Cocoa Finishes Sharply Lower on Demand Concerns and Ghana Production Optimism

July ICE NY cocoa (CCN24 ) on Monday closed down -635 (-6.17%), and July ICE London cocoa #7 (CAN24 ) closed down -418 (-4.73%). Cocoa prices on Monday fell sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early...

Barchart · Jun 17, 2024

Cocoa Prices Slump on Demand Concerns and Ghana 2024/25 Cocoa Production Optimism

July ICE NY cocoa (CCN24 ) today is down -532 (-5.17%), and July ICE London cocoa #7 (CAN24 ) is down -418 (-4.73%). Cocoa prices today are falling sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early next...

Barchart · Jun 17, 2024

Ghana’s economic crisis was caused by government borrowing - the central bank did the best it could: economist

Ghana is going through its worst economic crisis in a generation. The past two years have seen record high inflation in the country. Ghana’s central bank (the Bank of Ghana) has been criticised in some quarters for its role in the country’s economic malaise, which has hit the profitability of…

The Conversation · Jun 16, 2024

Cocoa Prices Finish Sharply Lower as Dollar Strength Sparks Long Liquidation

July ICE NY cocoa (CCN24 ) on Friday closed down -516 (-4.77%), and July ICE London cocoa #7 (CAN24 ) closed down -198 (-2.19%). Cocoa prices Friday finished sharply lower. After the dollar index (DXY00 ) rallied to a 6-week high Friday, long liquidation emerged in cocoa futures. Also, heightened...

Barchart · Jun 14, 2024