Dr. Cassiel Ato Forson
The government is expected to announce a new producer price for cocoa before August 7, 2025.
Joy Business understands that this came out after the technical committee on producer price completed its work for the government’s consideration.
Joy Business further learnt that the new crop season will start on August 7, 2025.
Sources say the Finance Minister, Dr. Cassiel Ato Forson, is expected to announce the new producer price in the coming days.
The producer price is currently pegged at GH¢3,100 per kilogramme per bag and GH¢49,600 per tone
Government on new producer price
President John Mahama, earlier this month, announced that his administration’s commitment to ensuring that cocoa farmers in Ghana receive at least 70% of the world market price for cocoa is aimed at restoring dignity and fairness to the backbone of Ghana’s agricultural economy.
The Chief Executive of COCOBOD , Dr. Randy Abbey also in a recent interview on PM EXPRESS BUSINESS edition, expressed worry about the impact of the sharp appreciation of the cedi on real earnings of farmers.
He acknowledged that while the price per ton is set to rise substantially in dollar terms, the relative strength of the cedi could dampen the expected benefits for cocoa farmers when converted to local currency.
“What we are seeing now is a situation where global prices are high, and that would normally translate into higher incomes for our farmers. But with the cedi appreciating sharply, the gains could be reduced when translated into Ghana cedi,” Dr. Abbey explained.
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