The Government of Ghana has announced a new increase in the Producer Price of cocoa, raising it from GH¢48,000 per tonne (GH¢3,000 per 64kg bag) to GH¢49,600 per tonne (GH¢3,100 per 64kg bag).
According to a statement from the Ghana Cocoa Board, the new increment took effect on Friday, November 8, 2024, and “aims to support Ghanaian cocoa farmers by offering an improved income.”
“The decision also underscores the Government’s commitment to ensuring that Ghanaian cocoa farmers receive fair compensation and remain competitive within the global market.”
In addition to this price increase, COCOBOD has assured that it will continue to implement policies that contribute to the growth and sustainability of Ghana’s cocoa industry.
“This move is expected to boost farmer confidence, enhance income stability, and strengthen the partnership between COCOBOD and the farming community. COCOBOD will continue to institute measures and policies that contribute to the growth and sustenance of the cocoa industry.”
By: Ekow Annan/newsalertgh.com
