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The Latest Breaking News from Ghana

Strength in the Dollar and British Pound Weighs on Cocoa Prices

December ICE NY cocoa (CCZ24 ) today is down -101 (-1.30%), and December ICE London cocoa #7 (CAZ24 ) is down -48 (-0.90%). Cocoa prices today are under pressure from a stronger dollar and are moderately lower. London cocoa is also weighed down after the British pound (^GBPUSD ) rallied...

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Cocoa Prices Finish Lower on Long Liquidation

December ICE NY cocoa (CCZ24 ) Thursday closed down -64 (-0.82%), and December ICE London cocoa #7 (CAZ24 ) closed down -89 (-1.65%). Cocoa prices Thursday gave up an early advance and turned lower as a stronger dollar sparked long liquidation in cocoa futures. Losses in London cocoa accelerated Thursday...

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Cocoa Prices Turn Lower as Dollar Strength Sparks Long Liquidation

December ICE NY cocoa (CCZ24 ) today is down -65 (-0.83%), and December ICE London cocoa #7 (CAZ24 ) is down -88 (-1.63%). Cocoa prices today gave up an early advance and turned lower as a stronger dollar sparked long liquidation in cocoa futures. Losses in London coca accelerated today...

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Cocoa Prices Settle Higher on Tighter ICE Cocoa Inventories

December ICE NY cocoa (CCZ24 ) Wednesday closed up +194 (+2.55%), and December ICE London cocoa #7 (CAZ24 ) closed up +115 (+2.18%). Cocoa prices posted moderate gains on Wednesday as cocoa inventories continue to shrink. ICE-monitored cocoa inventories held in US ports have been trending lower for the past...

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Cocoa Prices Strengthen as ICE Cocoa Inventories Continue to Shrink

December ICE NY cocoa (CCZ24 ) today is up +165 (+2.17%), and December ICE London cocoa #7 (CAZ24 ) is up +115 (+2.18%). Cocoa prices today are moderately higher as cocoa inventories continue to shrink. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 15...

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Lithium mining in Zimbabwe: a story of loss for one community

Lithium is an essential component of electric vehicle batteries, which are becoming more important as the world moves to a low-carbon energy future. Large deposits of lithium exist in Argentina, Chile, Brazil, Bolivia, Canada, the US, Australia, Portugal, Namibia, Zimbabwe and Ghana. Zimbabwe is the largest producer of lithium in…

The Conversation

Cocoa Prices Slide as a Stronger Dollar Prompts Long Liquidation

December ICE NY cocoa (CCZ24 ) Tuesday closed down -147 (-1.89%), and December ICE London cocoa #7 (CAZ24 ) closed down -116 (-2.15%). Cocoa prices Tuesday fell sharply after the dollar index (DXY00) recovered from a 3-week low and moved higher, which sparked long liquidation in cocoa futures. On Monday,...

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Dollar Strength Sparks Long Liquidation in Cocoa Futures

December ICE NY cocoa (CCZ24 ) today is down -151 (-1.94%), and December ICE London cocoa #7 (CAZ24 ) is down -112 (-2.08%). Cocoa prices today are moderately lower after a recovery in the dollar index (DXY00) from a 3-week low, which sparked long liquidation in cocoa futures. On Monday,...

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Cocoa Prices Underpinned by Smaller Cocoa Production in the Ivory Coast

December ICE NY cocoa (CCZ24 ) Monday closed up +72 (+0.94%), and December ICE London cocoa #7 (CAZ24 ) closed up +34 (+0.63%). Cocoa prices Monday climbed to a 2-1/2 week highs and settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for...

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Cocoa Prices Climb on Lower Cocoa Output in the Ivory Coast

December ICE NY cocoa (CCZ24 ) today is up +85 (+1.10%), and December ICE London cocoa #7 (CAZ24 ) is up +31 (+0.58%). Cocoa prices today rose to 2-1/2 week highs and are moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for cocoa...

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Cocoa Closes Higher on Cocoa Production Concerns in West Africa

December ICE NY cocoa (CCZ24 ) Friday closed up +107 (+1.41%), and December ICE London cocoa #7 (CAZ24 ) closed up +50 (+0.94%). Cocoa prices recovered from early losses on Friday and settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for cocoa...

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Cocoa Prices Underpinned by Smaller Cocoa Output in the Ivory Coast

December ICE NY cocoa (CCZ24 ) today is up +99 (+1.30%), and December ICE London cocoa #7 (CAZ24 ) is up +64 (+1.20%). Cocoa prices today recovered from early losses and are moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish for cocoa prices....

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Clad in pink, one heterosexual man protests Ghana's anti-LGBTQ+ bill

Texas Kadiri Moro is an unusual figure amid the LGBTQ+ rights activists in the coastal West African nation of Ghana

The Independent UK

Cocoa Posts Moderate Losses on the Outlook for a Global Cocoa Surplus

December ICE NY cocoa (CCZ24 ) Thursday closed down -140 (-1.81%), and December ICE London cocoa #7 (CAZ24 ) closed down -43 (-0.80%). Cocoa prices Thursday gave up early gains and turned lower on the outlook for a global cocoa surplus after JSG Commodities said it expects a +99,000 MT...

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Cocoa Price Slip on the Outlook for a 2024/25 Global Cocoa Surplus

December ICE NY cocoa (CCZ24 ) today is down -132 (-1.71%), and December ICE London cocoa #7 (CAZ24 ) is down -30 (-0.56%). Cocoa prices today gave up an early advance and turned lower on the outlook for global cocoa surplus after JSG Commodities said it expects a +99,000 MT...

The Conversation

Hustle academies: west Africa’s online scammers are training others in fraud and sextortion

As the world becomes increasingly connected, digital fraud has evolved from a local problem into a global one. West Africa, particularly Ghana and Nigeria, is witnessing the rise of “hustle kingdoms” – informal academies that train individuals to carry out digital scams.

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Cocoa Finishes Sharply Higher After Ghana's Less Than Expected Price Hike for Farmers

December ICE NY cocoa (CCZ24 ) Wednesday closed up +457 (+6.29%), and December ICE London cocoa #7 (CAZ24 ) closed up +122 (+2.33%). Cocoa prices Wednesday rallied sharply, with NY cocoa posting a 1-1/2 week high. Cocoa rallied Wednesday after the Ghana government raised the price that its cocoa regulator...

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Cocoa Prices Jump as Ghana's Price Hike for Cocoa Farmers Is Less Than Expected

December ICE NY cocoa (CCZ24 ) today is up +452 (+6.22%), and December ICE London cocoa #7 (CAZ24 ) is up +122 (+2.33%). Cocoa prices today are sharply higher, with NY cocoa posting a 1-1/2 week high. Cocoa is rallying today after the Ghana government raised the price that its...

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Cocoa Closes Lower as Ghana Aims to Boost Prices for Cocoa Farmers

December ICE NY cocoa (CCZ24 ) Tuesday closed down -204 (-2.73%), and December ICE London cocoa #7 (CAZ24 ) closed down -257 (-4.68%). Cocoa prices retreated Tuesday on hopes that an increase in the prices that Ghana's cocoa regulator pays its farmers will reduce the incentive for farmers to hold...

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Cocoa Prices Retreat as Ghana Seeks to Boost Prices It Pays Cocoa Farmers

December ICE NY cocoa (CCZ24 ) today is down -198 (-2.65%), and December ICE London cocoa #7 (CAZ24 ) is down -254 (-4.63%). Cocoa prices today are retreating on hopes that an increase in the prices that Ghana's cocoa regulator pays its farmers will reduce the incentive for farmers to...

The Conversation

Ghana is Africa’s largest gold producer, but it has an illegal mining issue: 5 essential reads

Ghana is one of the world’s gold hotspots. It is Africa’s largest producer of gold and it ranks sixth globally. In 2023, 4 million ounces were produced. It is essential to Ghana’s economy, contributing around 7% of gross domestic product.

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Cocoa Prices Surge as Cocoa Production Falls in Ivory Coast

December ICE NY cocoa (CCZ24 ) Monday closed up +394 (+5.56%), and December ICE London cocoa #7 (CAZ24 ) closed up +233 (+4.43%). Cocoa prices Monday settled sharply higher, with London cocoa posting a 1-1/2 week high. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish...

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Cocoa Prices Rally Sharply as Cocoa Production Falls in Ivory Coast

December ICE NY cocoa (CCZ24 ) today is up +389 (+5.49%), and December ICE London cocoa #7 (CAZ24 ) is up +233 (+4.43%). Cocoa prices today are sharply higher, with London cocoa posting a 1-1/2 week high. Lower cocoa production in the Ivory Coast, the world's largest producer, is bullish...

Barchart

Dollar Strength Weighs on Cocoa Prices

December ICE NY cocoa (CCZ24 ) Friday closed down -78 (-1.09%), and December ICE London cocoa #7 (CAZ24 ) closed up +7 (+0.13%). Cocoa prices Friday gave up an early advance and settled mixed. Cocoa prices fell back from their best levels Friday, with NY cocoa falling into negative territory...

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Dollar Strength Sparks Long Liquidation in Cocoa Futures

December ICE NY cocoa (CCZ24 ) today is down -52 (-0.73%), and December ICE London cocoa #7 (CAZ24 ) is down -5 (-0.10%). Cocoa prices today turned lower after the dollar index rebounded from a 1-week low to higher on the day, which sparked long liquidation in cocoa futures. Cocoa...

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