Cocoa farmers in Ghana will receive GH¢12,800 ($1,280) per ton, or GH¢800 per 64kg bag for the 2022/2023 production season which begins October 7. That compares with a price of about GH¢858 per bag in Côte d’Ivoire and demands in Ghana for GH¢1,500. The two countries together account for about two-thirds of global cocoa production.
Agriculture minister Owusu Afriyie Akoto announced the new price on October 5 after a week’s delay, due to negotiations with farmer groups. “The 21% rise in the producer price of cocoa is a testament to the government’s resolve to ensure farmers earn a decent income and make cocoa farming lucrative,” he said. “Government will continue to implement initiatives to build a robust, resilient and sustainable cocoa industry where cocoa farmers and their communities will thrive.”
Ghana, the world’s second-largest cocoa producer, aims to reach 850,000 tonnes of
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