Ghana Cocoa Board COCOBOD CEO Dr Randy Abbey has announced that a new cocoa producer price will be revealed in August 2025, surpassing Ivory Coast’s price.
CEO Dr Randy Abbey stated, “President John Mahama, the desire he has is that farmers must have profits, but we must also let you know the truth.
What I can tell you is that the president this year season will be open in August 2025 2026 and we are going to give a new producer price and the new producer price will be more than that of Ivory Coast”, he added.
He also expressed concern about a large quantity of cocopeat left to rot in the Sewhi Boako cocoa station in Sefwi Wiaso Municipality.
In a Facebook post some months ago, Mr Opoku the Agric Minister announced that the government will offer cocoa farmers 70% of the world market price for their produce, exceeding the initially proposed 60%.
He stated, “Since 2023, CPC’s production has been on a downward trend. Despite having a processing capacity of 64,500 tonnes, the company produced only 6,614 tonnes in 2023 and 2,886 tonnes in 2024. This decline is largely due to reduced cocoa bean production, which has affected supply to the processing company,” he stated.
“To address this challenge, I announced the government’s decision to exceed the initial 60% proposal and offer cocoa farmers 70% of the world market price. This increase is intended to motivate farmers, boost production, and further cement Ghana’s standing as the world’s second-largest producer of cocoa”, he added.
Meanwhile, the Ghana Cocoa Board had earlier shut down rumours circulating on social media that the government has increased cocoa prices.
According to COCOBOD, the information is completely untrue.
COCOBOD noted that a false flyer circulating on social media claimed that the Minister for Food and Agriculture had announced an increase in cocoa prices.
The alleged fake flyer suggests that Eric Opoku, the Minister for Food and Agriculture had increased cocoa prices by 70% of the world market price.
COCOBOD in a statement on its social media page wrote, “Our attention has been drawn to a false flyer circulating on social media claiming that the Minister for Food and Agriculture has announced an increase in cocoa prices. This information is completely untrue”.
COCOBOD further urged the public to disregard the misinformation and trust only official communication channels for accurate updates on cocoa pricing.
“We urge our cherished stakeholders and the public to disregard this fake news and rely only on official communication from COCOBOD and the Ministry,” the statement added.
See the post below:
COCOBOD CEO Dr. Randy Abbey announces a new cocoa farmgate price will be revealed in August 2025, surpassing Ivory Coast’s price. He also expressed concern about a large quantity of cocopeat left to rot in the Sewhi Boako cocoa station in sewhi Wiaso Municipality. pic.twitter.com/Tj1hFwrDMd
— Vanessa Edotom Boateng (@VanessaEboateng) April 24, 2025
