The government of Ghana has announced new cocoa farm gate prices for the 2023/2024 crop season. The announcement was made by the President, H.E Nana Akufo-Addo on Saturday 9th September 2023, at an event to officially open the 2023/2024 crop season in Tepa in the Ashanti Region. The new prices stand at GH¢20,943 (US$1,837) per […]
Cocoa stakeholders in Ghana demand 72.5% increase in cocoa farm gate prices for the 2023/2024 crop season
As the new cocoa season begins on Friday 8th September 2023, Ghana Cocoa Board (COCOBOD) is set to announce new cocoa farm gate prices for the 2023/2024 light crop season. In line with this, the Ghana Civil-Society Cocoa Platform (GCCP) in a press conference on Wednesday in Accra has demanded a 72.5% increase in the cocoa […]
African Cocoa Exchange: A New Initiative for Price Control
Ghana, the world’s second-largest cocoa producer, together with other cocoa producing countries on the continent have announced plans to establish an African Cocoa Exchange (AfCX) that will serve as a platform for financing and trading cocoa proceeds. The exchange, which is expected to be operational this year should everything go according to plan aims to […]
COCOBOD hints of a likely upward adjustment of cocoa farmgate price in October
The price of cocoa in the international market has in recent times recorded a steady rise. Figures from International Cocoa Organization Market Report indicate that the global cocoa market has been experiencing increases in prices since April 2023 with a tonne of cocoa beans which was US$2,630 in London and US$2,868 in New York now […]
‘Galamsey’ dwindling the interest of the youth in cocoa farming, a threat to future cocoa production
‘Galamsey’ dwindling the interest of the youth in cocoa farming, a threat to future cocoa production The upsurge in illegal small scale mining or ‘galamsey’ activities in some cocoa growing areas in the Ashanti and Western Region has occasioned a growing disinterest of the youth to engage in cocoa farming activities which threatens future cocoa […]
Ghana Increases Cocoa Producer Prices for the 2022/2023 Crop Season
Ghana Increases Cocoa Producer Prices for the 2022/2023 Crop Season The Minister for Food and Agriculture on Wednesday 5, October 2022 announced a 21% increase in cocoa prices for the 2022/23 crop season. The current price per 64kg bag of cocoa, which stands at GH¢660 will now be sold at GH¢800, effective Friday 7, October […]