The Ghana Cocoa Board (COCOBOD) has announced that it will maintain the current producer price for cocoa despite a recent increase in neighboring Côte d’Ivoire.
In a statement signed by Dr. James Kofi Kutsoati, Acting Deputy Chief Executive in charge of Operations, the Board explained that the decision was reached after careful assessment of the financial and operational implications for the industry.
The announcement comes amid rising expectations from cocoa farmers following the Ivorian government’s decision to increase its producer price.
However, COCOBOD says it will keep Ghana’s price unchanged for now but assured stakeholders that a review of producer prices, fees, and margins will be considered ahead of the 2025/2026 cocoa season.
The Licensed Cocoa Buyers’ Association of Ghana (LICOBAG) has since been officially informed of the development and urged its members to take note and adjust their operations accordingly.
While the current stance may disappoint some local cocoa farmers, COCOBOD maintains that the long-term health of the sector remains a top priority and any future changes will be guided by comprehensive industry consultations and market dynamics.
Read Statement Below:
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