The Minister of Food and Agriculture, Dr. Bryan Acheampong has announced a significant 129.36% increase in the producer price of cocoa for the upcoming 2024/2025 season.
Effective from Wednesday, September 11, 2024, the price will rise from GH¢20,928 per tonne to GH¢48,000 per tonne.
This translates to an increase from GH¢1,308 per 64kg bag to GH¢3,000 per 64kg bag.
The adjustment was made following the Producer Price Review Committee’s (PPRC) agreement on cocoa prices, rates, and fees for the season.
This substantial increase marks an unprecedented boost aimed at supporting cocoa farmers across the country.
