- Expected price hike of nearly 45% aims to boost farmers’ incomes and curb cross-border smuggling
- Ghana’s COCOBOD CEO assures farmers of satisfactory pricing despite delays
Accra, Ghana – The Ghana Cocoa Board (COCOBOD) has confirmed that the new cocoa price for the 2024/25 crop season will be announced on September 11, 2024. Joseph Boahen Aidoo, COCOBOD’s CEO, disclosed the date during a meeting with cocoa farmer associations from 70 cocoa-growing districts across the country. Industry expectations suggest a potential price increase of nearly 45%, aimed at enhancing farmer incomes and reducing the smuggling of cocoa beans to neighbouring countries.
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