The government has increased the price paid to cocoa farmers at the farm gate to GH¢48,000 per tonne for the new Cocoa Season.
This translates into GH¢3000 per bag of 64 kg gross weight. The new prices takes effect from today (September 11).
The new price represents a 129 per cent increase over the 2023/2024 opening price of GH¢20,928 per tonne.
It will be, however recalled that the government in the middle of the 2023/2024 season increased the prices from GH¢20,928 per tonnes to GH¢33,120 per tonne in response to increasing cocoa prices on the international market.