Ghana: Cocoa Producer Price up by 8.42 Percent

Last updated on September 11th, 2021 at 03:20 pm

Government has announced a new producer price of cocoa for the 2019/2020 crop season from GH¢7,640 to GH¢8,240 per tonne.

The increment represents 8.42 per cent meaning that a bag (64kg) of cocoa beans would now be sold at GH¢515. Previously, a bag of cocoa was sold at GH¢475.

The Minister of State in charge of Agriculture, Dr Gyiele Nurah, who represented President Nana Addo Dankwa Akufo-Addo made the announcement at a durbar of chiefs and farmers in Sunyani yesterday.

Dr Nurah noted that despite the falling price of cocoa at the world market, the government deem it fit to announce the new price to cushion farmers.

He said, “Despite government inheriting a cocoa sector which was virtually on its knees, it has made significant strides to restore the sector back to its glorious past.”

Dr Nurah stated that government would engage about 1,343 agriculture extension agents to offer extension services to cocoa farmers to boost production.

He advised farmers to join registered cooperatives so as to benefit interventions by the Ghana Cocoa Board (COCOBOD) such as the distribution of fertilizer, and hybrid seedlings.