Cocoa farmers at Sehwi Aboagyekrom in the Western North Region have lauded the Ghana Cocoa Board (COCOBOD) following the announcement that a new cocoa producer price will be declared in August 2025.

The anticipated price is expected to surpass that of neighbouring Ivory Coast, a move the farmers believe will enhance their livelihoods and address key challenges facing the cocoa industry.

The Chief Executive Officer of COCOBOD, Dr. Ransford Abbey, made the announcement during a three-day working tour of the Western North and Western South Regions.

Addressing a gathering of cocoa farmers at Aboagyekrom in the Sehwi Wiawso Municipality, Dr. Abbey explained that the planned price increment is part of the government’s effort to support cocoa farmers and reduce the temptation to smuggle produce across borders, where prices are currently more favourable.

He emphasised that the decision aligns with a broader strategy to improve farmers’ income, curb cocoa smuggling, and discourage illegal mining in cocoa-growing areas.

The farmers welcomed the news with excitement and expressed relief, especially given circulating rumours that there would be no price increment this year.

They commended COCOBOD for heeding their calls and showing commitment to the welfare of cocoa producers.

In interviews with the media, several farmers noted that the new price, once implemented, would not only encourage them to increase production but also motivate more youth to venture into cocoa farming.

They also believe it will help stabilise the industry by discouraging cross-border smuggling of cocoa beans.

The farmers pledged their continued support for COCOBOD and urged the government to ensure that the August announcement comes with a substantial increase to reflect current market conditions.