President Nana Akufo-Addo has increased the price of cocoa bag beginning of 1st October 2020 to GHC660 per bag for the incoming 2020\2021 crop year.
Currently, government buys one bag of cocoa beans from farmers at GH¢515.
Speaking during the launch of the Cocoa Rehabilitation programme at Sefwi Wiawso on his 3-day tour of the Western North region, he said “Nananom beginning of 1st October 2020, I am happy to announce the ward of a new cocoa producer price of GHC10,560 per metric ton, equivalent to GHC660 per bag for the incoming 2020\2021 crop year. This represent a hike of more than 28% over the price obtained in the outgoing crop year of 2019/2020. The Chief Executive Officer (CEO) of Ghana Cocoa’.