The Minister of Food and Agriculture, Dr Bryan Acheampong, has announced a 129.36% increase in the producer price of cocoa for the 2024/2025 cocoa season, effective Wednesday, September 11, 2024.
The price has risen from GH¢20,928 per tonne at the opening of the 2023/2024 season to GH¢48,000 per tonne, or from GH¢1,308 per 64kg bag to GH¢3,000 per 64kg bag.
“The Producer Price Review Committee (PPRC) on cocoa agreed on Tuesday on the Producer Price of cocoa and other rates and fees for the 2024/2025 crop season.”
“We are pleased to announce that the producer price of cocoa for the 2024/25 season is GH¢48,000 per tonne or GH¢3,000 per 64kg bag. On an inter-season basis, it has been increased from GH¢20,928.00 per tonne or GH¢1,308.00 per 64kg bag at the opening of the 2023/24 season to GH¢48,000.00 per tonne or GH¢3,000.00 per 64kg bag.”
“This is an unprecedented increase of 129.36%,” he stated.
source: Citi newsroom
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