{"id":458853,"date":"2018-01-27T01:30:34","date_gmt":"2018-01-27T01:30:34","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/01\/27\/cocobod-not-considering-reduction-in-cocoa-prices\/"},"modified":"2018-01-27T01:30:34","modified_gmt":"2018-01-27T01:30:34","slug":"cocobod-not-considering-reduction-in-cocoa-prices","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/01\/27\/cocobod-not-considering-reduction-in-cocoa-prices\/","title":{"rendered":"COCOBOD not considering reduction in cocoa prices"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Saturday, 27 January 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n<p>2018-01-27<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/01\/27590085.295.jpg\" alt=\"Joseph Boahen Cocobod\" title=\"Joseph Boahen Cocobod\" width=\"295\" height=\"165\" \/><span class=\"image_caption\"><span>CEO of COCOBOD, Joseph Boahen Aidoo<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/01\/1517016634_726_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> The Ghana Cocoa Board (COCOBOD) has refuted claims of a possible decrease in producer price of cocoa to farmers.<\/p>\n<p>COCOBOD says although the review committee has met, it is yet to come out with a decision.<\/p>\n<p>Government last year [2017], maintained the producer price for the 2017\/2018 crop season at 7,600 cedis per metric tonne.<\/p>\n<p>This translates into 475 cedis per bag of 64 kilograms.<\/p>\n<p>The Finance Minister, Ken Ofori Atta has indicated that government is considering reviewing the producer price of cocoa downwards, following a considerable drop in the commodity\u2019s price on the international market since November 2017.<\/p>\n<p>But Manager at the office of the Chief Executive of COCOBOD, Fiifi Boafo in an interview with Citi Business News said the matter is not being considered at the moment.<\/p>\n<p>\u201cThe Cocoa producer price review committee has met, a decision has been taken but until they come out to revise their decision,  that is not a matter on the table for consideration now\u201d.<\/p>\n<p>Meanwhile, the General Agricultural Workers Union (GAWU) has also cautioned government against taking a unilateral decision on the producer price of cocoa.<\/p>\n<p>GAWU says government must follow due process if it wants to review the producer price of cocoa downwards.<\/p>\n<p>The Union further allayed fears that such a move will have dire implications for the cocoa sector while distorting economic plans for the year.<\/p>\n<p>Ghana, however, is said to be losing at least 1 billion dollars every year as a result of the declining prices of cocoa on the international market.<\/p>\n<p><!-- uploaded by: 63 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Saturday, 27 January 2018 Source: citibusinessnews.com 2018-01-27 CEO of COCOBOD, Joseph Boahen Aidoo The Ghana Cocoa Board (COCOBOD) has refuted claims of a possible decrease in producer price of cocoa to farmers. COCOBOD says although the review committee has met, it is yet to come out with a decision. Government last year [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":458512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-458853","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/458853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=458853"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/458853\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=458853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=458853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=458853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}