COCOBOD Refutes Claims of Cocoa Price Increase for Farmers
The Ghana Cocoa Board (COCOBOD) has firmly denied circulating social media reports suggesting that the government has raised cocoa prices to 70% of the global market rate for farmers.
In an official statement shared on social media, COCOBOD dismissed these claims as entirely false and urged the public to rely on verified sources for accurate updates regarding cocoa pricing.
The misleading reports implied that Eric Opoku, the Minister for Food and Agriculture, had announced a significant price adjustment for cocoa farmers. However, COCOBOD has clarified that no such decision has been made and labeled the viral social media flyer as misinformation.
“Our attention has been drawn to a false flyer on social media claiming the Minister for Food and Agriculture has announced an increase in cocoa prices. This is completely untrue,” COCOBOD stated. “We urge all stakeholders and the public to disregard this misinformation and rely only on official communications from COCOBOD and the Ministry.”
Cocoa farming plays a vital role in Ghana’s economy, contributing nearly 20% of the country’s total export revenue. Ensuring fair pricing for farmers remains a key priority for the government, especially amid global price fluctuations, climate challenges, and issues like smuggling and aging farms.
While an eventual price increment could provide a much-needed boost for cocoa farmers, COCOBOD emphasized that any updates regarding pricing would be officially communicated through the appropriate government channels.
Ghana remains the world’s second-largest cocoa producer, after Côte d’Ivoire, and any pricing adjustments would be aimed at sustaining the livelihoods of farmers, maintaining production levels, and strengthening the country’s position in the global cocoa market.
