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President Akufo Addo has announced a new cocoa price for the 2023-2024 cocoa season from 800 cedis to 1,308 cedis per 64kg bag of cocoa.
The New price was announced by President Akufo-Addo to open the ground durbar of the new cocoa season which now begins in September for the previous October Cocoa Season at Tepa in the Ahafo Ano North district, Ashanti region.
President says the new price is the highest in West Africa in the past 15 years.
He noted the price increase was to sustain cocoa production in the country which has been the backbone of the economy.
According to him, “cocoa prices have increased from 12,800 cedis per tonne to 20,94 cedis per tonne of 1308 cedis per bag.
“It’s 70.5% of the gross FOV price. It is equivalent to $1821.00 per tonne. It is the highest we pay to cocoa farmers across West Africa in some 50 years. With predictive stable prices above the 2600 United States dollars threshold”.
According to him government will continue to honor the farmers with good prices in the years ahead,” indeed better days ahead”.
He said the message to Ghanaian farmers is Innovation, Impact, and jobs.
Meanwhile, Ghana Cocoa Broad has adopted innovations from improving productivity and improving farmers’ welfare, through these innovations, some 130,000 jobs have been created.
The government will continue through the Cocoa Board to adopt innovations in and improve the welfare of Ghanaian farmers through the implementation of productivity enhancement programs and remunerative producer prices.
“I’m confident that the programs implemented by Cocoa Board will enable us to attain a significant level of self-reliance, promote industrialization, and provide adequate questions against the adverse effects of Price Songs. We will not relent on our promise of helping to create positive and permanent changes in the cocoa and agricultural sectors of our economy”.
He called on Ghanaian farmers to work together towards a sustainable cocoa economy that delivers increasing and continuous benefits to our tenant founders and all stakeholders in the value chain.
” Once again, I ask every Ghanaian to consume cocoa products every day. As we consume cocoa products, we stay healthy and grow the economy”.
By Enock Baffoe/uniquenewsgh.com
