The Ghana Cocoa Board (COCOBOD) has refuted social media reports claiming that the government has raised cocoa prices. COCOBOD stated that these reports are untrue and urged the public to disregard them.
A flyer circulating online suggests that the Minister for Food and Agriculture, Eric Opoku, announced that cocoa farmers would receive 70% of the world market price for their cocoa. However, COCOBOD has labeled this claim as misleading.
In a statement posted on its social media platform, COCOBOD clarified, “Our attention has been drawn to a false flyer claiming that the Minister for Food and Agriculture has announced an increase in cocoa prices.
This information is completely untrue. We urge our cherished stakeholders and the public to disregard this fake news and rely only on official communication from COCOBOD and the Ministry.”
This issue arises at a time when cocoa farmers and industry stakeholders are hoping for a potential price increase, particularly as global cocoa prices remain volatile.
Cocoa farmers have been calling for higher prices due to rising production costs and challenges like declining yields and the impact of climate change.
However, COCOBOD has stated that any changes to cocoa prices will be officially communicated through the proper channels.
In the meantime, cocoa farmers and the public are encouraged to await official updates from COCOBOD and the Ministry of Food and Agriculture.
