Audio By Carbonatix
Ghana has increased the farmgate price paid to cocoa farmers by 58.26% to GH¢33,120 per tone for the 2023/2024 crop season.
The new price takes effect from April 5, 2024.
The move, according to sources, is to share profits from rising global prices and deter farmers from bean smuggling.
Cocoa prices have more than tripled over the last year as disease and adverse weather in Ghana and neihbouring Côte d'Ivoire pushed the global market to a third successive deficit.
Ghana's state-guaranteed cocoa price is presently GH¢20,943 cedi ($1,574.66) per tone or about GH¢21 per kilogramme.
Côte d'Ivoire on Tuesday, April2, 2024, raised its farmgate price to 1,500 CFA francs ($2.47, or about GH¢33) per kilogramme for the April-to-September mid crop of the 2023/24 season, up from 1,000 CFA francs last season.
Latest Stories
-
KGL does not operate or conduct 5/90 national lotto, but retails 5/90 national lotto – Razak Opoku
4 minutes -
Parliament approves renaming of C.K. Tedam University to University of Technology and Applied Sciences, Navrongo
33 minutes -
Former Jasikan MCE returns to Bawumia camp
40 minutes -
Daily Insight for CEOs: The CEO’s role in stakeholder engagement and relationship management
46 minutes -
Streetlight theft undermining Accra’s illumination effort – Regional Minister
47 minutes -
Frequent use of emergency contraceptives could affect fertility, youth warned
50 minutes -
Police arrest 8 suspects in Navrongo anti-crime sweep ahead of Christmas
1 hour -
KGL Foundation commissions toilet facility for Adukrom PRESEC
1 hour -
President Mahama pushes reparations, calls for united African front at diaspora summit
1 hour -
Over 2,800 crates of eggs sold at The Multimedia Group’s X’mas Egg Market as consumers express satisfaction
2 hours -
Police to enforce ban on unauthorised use of sirens and strobe lights
2 hours -
Newsfile to discuss Kpandai rerun halt, Ofori-Atta’s extradition fight, and Bawku Mediation Report
3 hours -
Between imperialism and military rule: The choiceless political reality in West Africa
3 hours -
One killed, 13 injured in head-on collision at Ho
3 hours -
Techiman Police arrests three suspects in drug-related activities
3 hours