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The Latest Breaking News from Ghana

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...

Barchart

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

The Independent UK

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...

Barchart

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Karen Bass Slashed Firefighter Funding by £14M—Now Los Angeles is Burning Without Water

LA Mayor Karen Bass faces backlash for cutting the fire department budget by £14 million while attending Ghana's presidential inauguration, as Los Angeles battles its most destructive wildfires with limited resources and dry hydrants.

International Business Times UK

Cocoa Prices Settle Sharply Lower as ICE Exchange Seeks to Tame Volatility

March ICE NY cocoa (CCH25 ) Wednesday closed down -757 (-6.75%), and March ICE London cocoa #7 (CAH25 ) closed down -494 (-5.48%). Cocoa prices tumbled to 1-week lows Wednesday and settled sharply lower after Intercontinental Exchange (ICE) took action in an attempt to curb market volatility. Long liquidation emerged...

Barchart

Cocoa Prices Tumble as ICE Exchange Seeks to Tame Volatility

March ICE NY cocoa (CCH25 ) today is down -789 (-7.04%), and March ICE London cocoa #7 (CAH25 ) is down -506 (-5.62%). Cocoa prices today tumbled to 1-week lows after Intercontinental Exchange (ICE) took action in an attempt to curb market volatility. Long liquidation emerged in cocoa futures today...

Barchart

Los Angeles Mayor Criticized For Being Out Of Country

Los Angeles Mayor Karen Bass faces criticism for attending an inauguration in Ghana while wildfires rage in the city. Residents express concerns about her ...

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Cocoa Prices Post Moderate Losses on Dollar Strength

March ICE NY cocoa (CCH25 ) Tuesday closed down -167 (-1.47%), and March ICE London cocoa #7 (CAH25 ) closed down -21 (-0.23%). Cocoa prices posted moderate losses on Tuesday as a stronger dollar (DXY00 ) sparked long liquidation in cocoa futures. On Monday, cocoa prices climbed to 1-week highs...

Barchart

Dollar Strength Sparks Long Liquidation in Cocoa

March ICE NY cocoa (CCH25 ) today is down -151 (-1.33%), and March ICE London cocoa #7 (CAH25 ) is down -8 (-0.09%). Cocoa prices today are moderately lower as a stronger dollar sparks long liquidation in cocoa futures. On Monday, cocoa prices climbed to 1-week highs on concern slowing...

Barchart

Ghana's John Mahama Sworn In After Presidential Comeback

Ghana on Tuesday swore in president-elect John Mahama in the capital Accra, with around 20 African leaders in attendance.

International Business Times

John Mahama takes oath as Ghana's president amid severe economic crisis

The new Ghanaian president, John Mahama, is being sworn in this Tuesday, 7 January, in Accra, as the nation looks for solutions to its worst economic crisis in a generation.

Radio France Internationale

Cocoa Prices Settle Higher on Concern Global Supplies Will Tighten

March ICE NY cocoa (CCH25 ) Monday closed up +139 (+1.24%), and March ICE London cocoa #7 (CAH25 ) closed up +10 (+0.11%). Cocoa prices Monday climbed to 1-week highs on concern slowing Ivory Coast cocoa exports will tighten global supplies. While government data shows Ivory Coast farmers shipped 1.11...

Barchart

Cocoa Rallies as the Pace of Ivory Coast Cocoa Exports Slows

March ICE NY cocoa (CCH25 ) today is up +130 (+1.16%), and March ICE London cocoa #7 (CAH25 ) is up +30 (+0.33%). Cocoa prices today are moving higher and posted 1-week highs on concern slowing Ivory Coast cocoa exports will tighten global supplies. While government data shows Ivory Coast...

Barchart

What Ghana’s small businesses can teach the world about becoming more sustainable

Small and medium-sized enterprises (SMEs) form the backbone of emerging economies. This is especially true in Ghana, where they represent around 90% of registered businesses and contribute significantly to employment and the economy of the west African nation.

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Radio France Internationale

Who were the winners and losers of African democracy in 2024?

In 2024, 18 elections took place on the African continent, from Senegal to South Africa, Algeria to Ghana, with the results an equal mix of democratic success stories and challenges still to overcome.

Barchart

Cocoa Prices Close Higher on Dollar Weakness and Tight Supplies

March ICE NY cocoa (CCH25 ) Friday closed up +101 (+0.91%), and March ICE London cocoa #7 (CAH25 ) closed up +46 (+0.51%). Cocoa prices Friday settled moderately higher. Friday's weaker dollar sparked some short covering in cocoa futures. Shrinking global cocoa stockpiles are also bullish for prices. ICE-monitored cocoa...

Barchart

Cocoa Prices Gain on Dollar Weakness and Tighter Supplies

March ICE NY cocoa (CCH25 ) today is up +141 (+1.26%), and March ICE London cocoa #7 (CAH25 ) is up +76 (+0.85%). Cocoa prices today are moderately higher. Today's weaker dollar has sparked some short covering in cocoa futures. Shrinking global cocoa stockpiles are also bullish for prices. ICE-monitored...

The Guardian - UK

Massive cleanup under way in Ghana after fire destroys one of world’s biggest secondhand markets

Thousands of traders face ruin after blaze razes two-thirds of Accra’s Kantamanto, which receives an estimated 15m used clothes from global north each week

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Radio France Internationale

Traders reeling as fire destroys Ghana's largest clothes market

Ghana's informal economy has suffered an enormous blow after a fire engulfed the Kantamanto used clothes market in the capital on Thursday, destroying more than 100 shops and goods worth millions of the local cedi currency. Thousands of traders have lost their livelihoods.

The Independent UK

Ghana told the African diaspora to return. Black Americans took the offer

Ghana recently granted citizenship to 524 people from the Black diaspora, and most were Black Americans

Barchart

Cocoa Settles Sharply Lower as Dollar Strength Spurs Long Liquidation

March ICE NY cocoa (CCH25 ) Thursday closed down -538 (-4.61%), and March ICE London cocoa #7 (CAH25 ) closed down -169 (-1.85%). Cocoa prices Thursday closed sharply lower as a rally in the dollar index (DXY00 ) to a 2-year high spurred long liquidation in cocoa futures. Losses in...

Barchart

Dollar Strength Sends Cocoa Prices Tumbling

March ICE NY cocoa (CCH25 ) today is down -510 (-4.37%), and March ICE London cocoa #7 (CAH25 ) is down -123 (-1.35%). Cocoa prices today are sharply lower as a rally in the dollar index (DXY00 ) to a 2-year high spurred long liquidation in cocoa futures. Losses in...

Radio France Internationale

Ghana scraps visas for African passport holders in landmark shift

Ghana will allow visa-free entry to citizens of all African countries starting in early 2025. The move, approved by President Nana Akufo-Addo in December, makes Ghana the fifth African country to open its borders to all holders of African passports.

Barchart

Cocoa Prices Settle Higher on Global Supply Fears

March ICE NY cocoa (CCH25 ) Tuesday closed up +168 (+1.46%), and March ICE London cocoa #7 (CAH25 ) closed up +29 (+0.32%). Cocoa prices on Tuesday added to Monday's sharp gains. Crop production concerns in West Africa are fueling fund buying of cocoa futures after some Ivory Coast and...

Barchart

Cocoa Prices Underpinned by West African Cocoa Crop Woes

March ICE NY cocoa (CCH25 ) today is up +56 (+0.49%), and March ICE London cocoa #7 (CAH25 ) is up +29 (+0.32%). Cocoa prices today added to Monday's sharp gains. Crop production concerns in West Africa are fueling fund buying of cocoa futures after some Ivory Coast and Nigerian...

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