The government has increased the price paid to cocoa farmers at the farm gate to GH¢48,000 per tonne for the new Cocoa Season.
This translates into GH¢3000 per bag of 64 kg gross weight. The new prices takes effect from today, September 11.
This represents a 45 percent increase in the producer price compared to April 2024 and a 129 percent increase from the September 2023 price.
It will be, however recalled that the government in the middle of the 2023/2024 season increased the prices from GH¢20,928 per tonnes to GH¢33,120 per tonne in response to increasing cocoa prices on the international market.
