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
-
Kumasi residents raise alarm over poor street lighting ahead of Christmas
33 seconds -
Police swoop in Kintampo nabs 13 in drug bust, seizes cannabis and tramadol
11 minutes -
Activist urges stronger border security, environmental protection, and accountability
20 minutes -
Let’s be more intentional about our unity than they were about our division – Mahama
26 minutes -
Former Jasikan MCE quits as Bryan Acheampong’s coordinator; declares support for Bawumia
27 minutes -
2025 Diaspora Summit: Ablakwa calls for concrete action on reparations
33 minutes -
Police crack down on drug trafficking in Tamale, arrest 4 and seize illicit substances
47 minutes -
Egg-citing deals as The Multimedia Group’s X’mas Egg Market sells out on Day 1, returns tomorrow
1 hour -
NPP Primaries: Electoral Area Coordinators in Yunyoo, Chereponi and Saboba declare support for Bawumia
2 hours -
Revocation of L.I. 2462 step in the right direction – Lands Ministry Spokesperson
3 hours -
Afeku urges creation of world-class hospitality training school in Volta Region
3 hours -
Ghana’s unemployment rate eases slightly to 13.0% in 2025 third quarter
3 hours -
Climate change forcing migration as Farm Radio engages stakeholders on solutions
3 hours -
Financial knowledge secures the future – NIB to Police Ladies
3 hours -
Afeku calls for major tourism investment in Volta Region to drive jobs and growth
3 hours