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Farmers commend COCOBOD over decision to announce new prices in August

Farmers in Sehwi Aboagyekrom in the Western North Region have lauded the Ghana Cocoa Board (COCOBOD) following the announcement that a new cocoa producer price will be declared in August 2025. The anticipated price is expected to surpass that of neighbouring Ivory Coast, a move the farmers believe will enhance their livelihoods and address key challenges facing the cocoa industry. The Chief Executive Officer of COCOBOD, Dr. Ransford Abbey, made the announcement during a three-day working tour of the Western North and Western South Regions. Addressing a gathering of cocoa farmers at Aboagyekrom in the Sehwi Wiawso Municipality, Dr. Abbey explained that the planned price increment is part of the government’s effort to support cocoa farmers and reduce the temptation to smuggle produce across borders, where prices are currently more favourable. He emphasized that the decision aligns with a broader […]

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Ghana Increases Cocoa Price for Third Time in 9 Months to GH₵49,600 per Tonne.

In response to ongoing cocoa price fluctuations on the global market, the Ghanaian government has raised the cocoa farmgate price to GH₵49,600 per tonne, effective November 8, marking the third increase in the past nine months. The recent 3.3% adjustment aims to offer cocoa farmers fairer compensation and strengthen their position within the competitive global cocoa market.The Ghana Cocoa Board (COCOBOD) confirmed that this increase would boost the confidence of over 800,000 cocoa farmers and provide greater income stability. Local farmer associations lauded the price hike, though they also called for a consistent supply of agrochemicals to optimize cocoa yields. Ghana has seen a steady decline in cocoa output due to factors such as unfavorable weather, illegal mining, and smuggling, which have reduced production targets for the new season.

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