A Tonne of Cocoa Now ¢49,600
The government has announced an increment in the prices of cocoa beans for the third time this year.
The price has been increased by 3.3% from ¢48,000 per tonne to ¢49,000 per tonne.
This means a bag of cocoa is now ¢3,100.
This was announced in a press statement issued by the Ghana Cocoa Board (COCOBOD) over the weekend.
“We announce, for the information of the general public, especially stakeholders in the cocoa value chain, an increase in the Producer Price of cocoa from Gh¢48,000.00 per tonne (GH¢3,000.00 per bag of 64kg) to GH¢49,600.00 per tonne (GH¢3,100 per bag of 64kg).”
The COCOBOD in it’s statement said the new price took effect on November 8 and aimed at offering Ghanaian farmers the improved income for their labour.
“The decision also underscores the Government’s commitment to ensuring that Ghanaian cocoa farmers receive fair compensation and remain competitive within the global market.”
It anticipates that this will boost farmer confidence, enhance income stability, and strengthen the partnership between COCOBOD and the farming community.
Meanwhile, it has committed to instituting measures and policies that contribute to the growth and sustenance of the cocoa industry.
Source: opemsuo.com/Hajara Fuseini
