Ghana: Govt Increases Producer Price of Cocoa By 129 Percent

Market reports say the world market price of cocoa has witnessed the highest levels of volatility over the past 12 months.

64 Kg bag of cocoa sells at GH¢3,000.00.

In an unprecedented move, the government has increased the producer price of cocoa by over 129 per cent. The new price takes effect from Wednesday, Sept 11, 2024.

According to the Food and Agriculture Minister, Dr. Bryan Acheampong, who announced the new cocoa producer price, the increase is unprecedented in the country’s history.

“We…