INCREASE IN PRODUCER PRICE OF COCOA

Date: 10th November 2024

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 Ght 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).

This new increase, which took effect on Friday, 8* November 2024, 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.

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.

ISSUED BY: PUBLIC AFFAIRS DEPARTMENT
For more information, please contact the Public Affairs Department, Ghana Cocoa Board Office Direct Line: (0302) 66-17-66 E-mail: [email protected]