According to the Association, the new price by the New Patriotic Party (NPP) government is an insult to hardworking cocoa farmers in the country.
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The new cocoa farm gate price is an insult – Ghanaian cocoa farmers fume at govt
The Cocoa Farmers Association has hit back against the new farm gate prices for cocoa beans announced by the government.
Cocoa farmers
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The President of the Cocoa Farmers Association, Stephenson Anane Boateng believes that the government could do better with the new farm gate prices announced.
“Cocoa has been raised globally to $10,000 per metric ton. So if you compare, and you convert to our currency, it is running into over GH¢9,000. We disagree with them. We pay our labor, we buy inputs for the farm, and then we also pay ourselves.
“So in a nutshell, we get only GH¢600 for that while COCOBOD also gets GH¢7,000. So what work did COCOBOD do and give us that money? It’s an insult!” he added.
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Cocoa farmers
Pulse Ghana
The Government through the Ghana Cocoa Board (COCOBOD) announced an increase for the Producer Price of cocoa by 58.26% from 1,308ghc to 2,070ghc per 64kg for the rest of the 2023/24 cocoa season.
The opposition National Democratic Congress (NDC) in a quick response indicated that the farm-gate price of cocoa if below 60% of the prevailing international market price is a monumental rip-off of the nation’s suffering cocoa farmers.
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