<\/p>\n
President Nana Addo Dankwa Akufo-Addo has announced a GH\u00a2100 increase in the producer price of cocoa from GH\u20b53,000 to GH\u20b53,100 per 64kg bag.<\/p>\n
This represents a 0.03% rise from the rate announced in September for the 2024\/2025 crop season by the Ghana Cocoa Board.<\/p>\n
Announcing the new price at the National Farmers\u2019 Day celebration on November 8, 2024, the president said the reason for the increase is to align Ghana\u2019s cocoa prices with current market conditions.<\/p>\n
Hitherto farmers have lamented Ghana\u2019s cocoa prices, citing it as one of the causes of smuggling.<\/p>\n
The president added that this price increment is part of the government\u2019s efforts to ensure periodic reviews to support farmers\u2019 incomes amid challenging conditions.<\/p>\n
President Akufo-Addo stated, \u201cOn the advice of the producer price review committee, I am pleased to announce an increase in the producer price of cocoa from GH\u20b548,000 to GH\u00a249,600 per tonne, raising the price from GH\u00a23,000 to GH\u00a23,100 per bag.\u201d<\/p>\n
This year\u2019s National Best Farmer is Nana Owusu Achiaw Brempong, a 70-year-old from the Sekyere Central district of the Ashanti Region.<\/p>\n
Nana Owusu began farming 50 years ago and owns North American farms with 168 workers cultivating diverse crops, including cocoa and cashew.<\/p>\n
He received one million Ghana cedis as part of his reward.<\/p>\n
Watch the President’s announcement below<\/b><\/p>\n