Ghana's Cocobod Announces Up to 50% Hike in Cocoa Farmgate Price

Wednesday, 3 April 2024, 18:16

Ghana's Cocobod has made a significant announcement of raising cocoa farmgate prices by up to 50%, providing a major economic boost for cocoa farmers. This move is expected to positively impact the livelihoods of farmers and potentially enhance the country's overall cocoa production. The increase signifies a notable shift in pricing strategies within Ghana's cocoa sector, emphasizing the government's commitment to supporting its agricultural industry.

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Ghana to Increase Cocoa Farmgate Price by 50%

Ghana's cocoa industry is set to undergo a significant transformation following an announcement by Cocobod to increase farmgate prices by up to 50%.

Boost for Farmers

This unprecedented hike in cocoa prices is expected to provide a major economic boost for Ghana's cocoa farmers.

Positive Impact

This move is anticipated to improve the livelihoods of farmers and potentially enhance the country's overall cocoa production.

The government's commitment to supporting its agricultural industry is underscored by this significant increase in farmgate prices.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.