The Government of Ghana has raised the fixed farmgate price paid to cocoa farmers for the second time this 2024/25 season to help boost farmers’ incomes.
Cocoa farmers would now receive 49,600 Ghanaian cedi ($3,062) per metric ton compared with the 48,000 Ghanaian cedi announced when the season opened on Sept. 1.
Ghana Cocoa Board in a statement said the new increment aims at supporting Ghanaian cocoa farmers by offering an improved income.”
“The decision also underscores the Government’s commitment to ensuring that Ghanaian cocoa farmers receive fair compensation and remain competitive within the global market.”
“This move is expected to boost farmer confidence, enhance income stability, and strengthen the partnership between COCOBOD and the farming community. COCOBOD will continue to institute measures and policies that contribute to the growth and sustenance of the cocoa industry,” the statement added
