The Producer Price Review Committee (PPRC) has announced a 21% increase in the producer price of cocoa from GH¢660 per 64kg bag (GH¢10,560 per tonne) to GH¢800 (GH¢12,800.00 per tonne), representing 89.99% of the net FOB value.
The new price takes effect tomorrow 7th October 2022.
“The 21% rise in the producer price of cocoa is a testament to Government’s resolve to ensure farmers earn a decent income and make cocoa farming lucrative. Government will continue to implement initiatives to build a robust, resilient, and sustainable cocoa industry where cocoa farmers and their communities will thrive”, the Minister of Agriculture, Dr. Akoto Afriyie said during a press conference in Accra yesterday.
