The government of Ghana has a new producer price for cocoa.
The new price has been pegged at GH¢800 per bag of 64kg.
The new price takes effect from Friday, October 14, 2022, for the 2022-2023 crop season.
The new price represents a 21 per cent increase from GH¢10,560 per tonne to GH¢12,800 per tonne.
Speaking at a press briefing on Wednesday, October 5, 2022, the Minister for Food and Agriculture, Dr. Owusu Afriyie said “The 21% rise in the producer price of cocoa is a testament to Government’s resolve to ensure farmers earn a decent income and make cocoa farming lucrative. Government will continue to implement initiatives to build a robust, resilient and sustainable cocoa industry where cocoa farmers and their communities will thrive”.
The Minority had urged the government to peg the price at Ghc1000.
.At a press conference, Ranking Member on the Finance Committee, Cassiel Ato Forson, said “Cocoa farmers are fed up and demand their cocoa prices now. The suspense cannot continue”.
“After these uncertainties, the government should not announce any price below GHS per bag, in other words, GHS16,000 per metric tonne.”
“Even at the dollar equivalent price farmers and all stakeholders, including the Licenced Buying Companies and hauliers, should receive higher prices and margins this year.”
By: Rainbowradionline.com/Ghana
