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The Latest Breaking News from Ghana

Cocoa Prices Retreat After ICCO Cuts its 2022/23 GLobl Cocoa Deficit Estimate

March ICE NY cocoa (CCH24 ) on Friday closed -76 (-1.78%), and Dec ICE London cocoa #7 (CAZ23 ) closed -79 (-2.21%). On Friday, cocoa prices retreated after the International Cocoa Organization (ICCO) cut its 2022/23 global cocoa deficit estimate to -99,000 MT from a previous forecast of -116,000, citing...

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The 2024 Pirelli Calendar Features an Impressive Cast, Including Naomi Campbell and Angela Bassett

Both the cast and the concept are pretty remarkable with Ghanaian visual artist Prince Gyasi taking the reins creating a truly "Timeless" work of art.

Fashion Times

Cocoa Prices Underpinned as Heavy Rain Drenches West African Cocoa Farms

March ICE NY cocoa (CCH24 ) on Thursday closed +4 (+0.09%), and Dec ICE London cocoa #7 (CAZ23 ) closed -2 (-0.06%). Cocoa prices on Thursday extended this week's rally, with Mar NY cocoa posting a contract high and nearest-futures (CCZ23) posting a 46-year high. Cocoa prices remain underpinned as...

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Prince Gyasi becomes Pirelli calendar’s first black photographer

Naomi Campbell, Idris Elba and Amanda Gorman among those photographed by Ghanaian artist for firm’s exclusive annual calendar

The Guardian - UK

Ghana's shea industry is not taking care of the women behind its growth

Ghana’s shea industry has a rich history. Shea – nkuto, karite, galam in some west African languages – is deeply embedded in the culture and tradition of the country’s northern regions. It is often considered a woman’s crop – women pick the fruit and extract its “butter” – and has…

The Conversation

Cocoa Prices Continue Higher on Global Cocoa Supply Fears

March ICE NY cocoa (CCH24 ) on Wednesday closed +72 (+1.71%), and Dec ICE London cocoa #7 (CAZ23 ) closed +28 (+0.79%). Cocoa prices on Wednesday settled higher, with Mar NY cocoa posting a contract high and nearest-futures (CCZ23) posting a 46-year high. Continuous rain has limited fieldwork and encouraged...

Barchart

Ghana wants to restrict imports on 22 products – an economist explains how, why and what else must be done

Ghana’s Ministry of Trade and Industry has tabled in parliament a proposed ban or restrictions on imports of certain goods, including rice, sugar, poultry, fruit juices and animal intestines (tripe). The proposed legislation empowers the trade minister to issue licences to potential importers of goods. Critics of the policy say…

The Conversation

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Cocoa Prices Soar on Risks to Global Cocoa Production

March ICE NY cocoa (CCH24 ) on Tuesday closed +71 (+1.72%), and Dec ICE London cocoa #7 (CAZ23 ) closed +38 (+1.08%). Cocoa prices on Tuesday closed moderately higher, with Mar NY cocoa posting a contract high and nearest-futures (CCZ23) posting a 46-year high. Continuous rain has limited fieldwork and...

Barchart

Lloyds of London archives show how important the City was to transatlantic slavery

In 1783, the City of London was gripped by a court case which symbolised the brutal economics of slavery. Two years previously, the Liverpool slave ship Zong had set out from Accra, in present-day Ghana, with 442 men, women and children crammed in its hold.

The Conversation

Cocoa Prices Post Moderate Gains as Ivory Coast Cocoa Exports Shrink

March ICE NY cocoa (CCH24 ) on Monday closed +41 (+1.00%), and Dec ICE London cocoa #7 (CAZ23 ) closed +27(+0.77%). Cocoa prices on Monday posted moderate gains. Signs of smaller cocoa output in the Ivory Coast, the world's largest cocoa producer, are bullish for prices. On Monday, data from...

Barchart

Cocoa Prices Mixed as NY Cocoa Consolidates Below a 46-Year High

March ICE NY cocoa (CCH24 ) on Friday closed +5 (+0.12%), and Dec ICE London cocoa #7 (CAZ23 ) closed -8 (-0.23%). Cocoa prices on Friday settled mixed. NY cocoa Friday posted modest gains as prices consolidated just below Tuesday's 46-year high. London cocoa Friday was under pressure from a...

Barchart

Cameroon receives first shipment of 'breakthrough' malaria vaccine

More than 330,000 doses of the Mosquirix malaria vaccine have been delivered to Cameroon as part of efforts to ramp up immunisation across Africa. Cameroon is the first African country to receive the vaccine after pilot programmes in Ghana, Kenya and Malawi.

Radio France Internationale

Harry Maguire responds to belated apology from Ghana MP over ruthless public mockery

Isaac Adongo publicly apologised to the Manchester United and England defender in parliament, 11 months on

Evening Standard

Dollar Strength Sparks Long Liquidation in Cocoa Futures

Dec ICE NY cocoa (CCZ23 ) on Wednesday closed -54 (-1.28%), and Dec ICE London cocoa #7 (CAZ23 ) closed -15 (-0.43%). Cocoa prices on Wednesday posted moderate losses as strength in the dollar sparked long liquidation pressures in cocoa futures. On Tuesday, NY cocoa soared to a 46-year nearest-futures...

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The Conversation

Patients' beliefs about illness matter: the case of elephantiasis in rural Ghana

Would you take medication for an illness you didn’t believe you had? Or if you disagreed with healthcare workers about the cause of your condition?

Barchart

Cocoa Prices Soar on Limited Global Cocoa Production

Dec ICE NY cocoa (CCZ23 ) on Tuesday closed +193 (+4.78%), and Dec ICE London cocoa #7 (CAZ23 ) closed +20 (+0.57%). Cocoa prices on Tuesday closed higher, with NY cocoa rallying sharply to a 46-year nearest-futures high. Cocoa prices are soaring on concern that current cocoa production will be...

The Conversation

Ghana: Akosombo Dam disaster reveals a history of negligence that continues to this day

Recent heavy downpours in the Lower Volta area of Ghana led to the worst flooding in the region’s history. The flooding was caused by a spillage (a deliberate release of water) from the Akosombo Dam, the country’s biggest hydroelectric dam. Over 26,000 people were displaced. No deaths have been officially…

The Conversation

Malaria: two groundbreaking vaccines have been developed, but access and rollout are still big stumbling blocks

The approval of two malaria vaccines – the RTS,S/AS01 vaccine in 2021 and the R21/Matrix-MTM vaccine in 2023 – will help control, and eventually help eradicate, a disease that causes more than 600,000 deaths annually. Nearly 2 million children in Ghana, Kenya and Malawi have been vaccinated with the RTS,S/AS01…

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Cocoa Prices Slip on Weakness in Cocoa Butter

Dec ICE NY cocoa (CCZ23 ) on Monday closed -49 (-1.20%), and Dec ICE London cocoa #7 (CAZ23 ) closed -97 (-2.71%). Cocoa prices on Monday posted moderate losses. Weakness in cocoa butter prices prompted long liquidation in cocoa futures after cocoa butter prices fell to a 1-week low Monday....

Barchart

Cocoa Prices Climb on Dollar Weakness and Tight Global Supplies

Dec ICE NY cocoa (CCZ23 ) on Friday closed +79 (+1.97%), and Dec ICE London cocoa #7 (CAZ23 ) closed +24 (+0.68%). Cocoa prices on Friday closed moderately higher. Friday's sell-off in the dollar index (DXY00 ) to a 2-1/2 month low supported cocoa prices. Also, signs of smaller cocoa...

The Guardian - UK

African and Caribbean nations agree move to seek reparations for slavery

African Union and Caricom members establish global reparations fund and call for formal apologies from European nations

The Independent UK

Ghana reparations summit calls for global fund to compensate Africans for slave trade

Delegates at a reparations summit in Ghana have resolved to set up a Global Reparation Fund to push for overdue compensation for millions of Africans enslaved centuries ago during the transatlantic slave trade

France 24

Ghana calls for African united front on demand for slavery reparations

Africa is seeking an action plan on the back of growing calls for compensation for the historical enslavement of millions of its people at a conference in Ghana. Meanwhile in the Central African Republic, the UN Security Council has adopted a resolution to renew its local peacekeeping mission – MINUSCA…

Barchart

Cocoa Prices Mixed on Dollar Strength

Dec ICE NY cocoa (CCZ23 ) on Wednesday closed -7 (-0.18%), and Dec ICE London cocoa #7 (CAZ23 ) closed +19 (+0.54%). Cocoa prices on Wednesday settled mixed. Strength in the dollar Wednesday (DXY00 ) weighed on NY cocoa prices. However, losses were muted on signs of smaller cocoa output...

Barchart

Cocoa Prices Close Sharply Lower on Long Liquidation Pressures

Dec ICE NY cocoa (CCZ23 ) on Tuesday closed -105 (-2.59%), and Dec ICE London cocoa #7 (CAZ23 ) closed -78 (-2.19%). Cocoa prices on Tuesday gave up early gains and closed sharply lower. A rally in the British pound (^GBPUSD ) to a 2-month high Tuesday sparked long liquidation...

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