Akufo-Addo declares that Ghana’s cocoa producer has raised prices once more by GHS1,600 per tonne.
Akufo-Addo declares that Ghana’s cocoa producer has raised prices once more by GHS1,600 per tonne.
For the 2024–2025 cocoa season, President Nana Addo Dankwa Akufo-Addo has announced an additional increase in the producer price of cocoa, from GHS48,000 to GHS49,600 per tonne.
Just three months have passed since the Ghana Cocoa Board (COCOBOD), which oversees the cocoa industry, announced a historic increase in the cocoa producer price for the season under review in September of this year, bringing it to GH¢48,000 a tonne.
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This change represents a startling 129.36% rise over the opening price of GH¢20,928.00 per tonne or GH¢1,308.00 per 64kg bag from the previous season.
In a speech at the 40th National Farmers’ Day Awards and Dinner Night in Accra, he declared, “I announce an increase of the producer price of cocoa from GHS48, 000 to GHS49, 600 per tonne, or from GHS3, 000 per bag to GHS3, 100 per bag, on the advice of the Producer Price Review Committee.”
He clarified that the increase was in line with government policy, which calls for regular reviews to restore farmer incomes when the market fluctuates.
The administration led by Nana Akufo-Addo has consistently reaffirmed its commitment to improving the lot of cocoa farmers, stating that changes in producer prices have the power to completely transform the cocoa sector.
Nana Owusu Achiaw, a 70-year-old mixed-farming specialist from the Ashanti Region’s Sekyere-Central District, was chosen the 2024 National Best Farmer at the 2024 National Farmers’ Awards.
With over 150 workers on his expansive acreage used for plantation, agro-forestry, processing, vegetable, cereal, and staple crop farming, fish farming, animal husbandry, and processing, he has over 40 years of farming expertise
In a category supported by the Agricultural Development Bank (ADB), Nana Achiaw was awarded GHS1 million for his exceptional commitment to climate-smart agriculture and innovative methods.
Nassam Fuseini, the National Best Farmer-First Runner-up, was also given a tractor, trailer, and sprayer, while Ransford Atiemo, the National Best Farmer-Second Runner-up, was given a tractor with equipment.
The National Best Livestock Farmer, Apostle Noah Obeng; the National Best Physically-Challenged Farmer, Stephen Addo; and the National Best Female Farmer, Ernestina Osei-Tutu, were all awarded GHS200,000.
Mensah Weibukanga won a double cabin pick-up truck as the Overall National Best Fisher. Other recipients of awards for their work included Christopher Ackom, National Best Marine Fisher, Ebenezer Dzikunu, National Best Fish Farmer, and Victoria Atsa, National Best Fish Processor.
In addition to Kwame Damoah, the National Best Most Outstanding Fisheries Enforcement Officer, receiving a double cabin Kia truck, Nana Joojo Solomon was named the National Best Most Outstanding Personality for Sustainable Development of Artisanal Fishing.
Additionally honored were National Best Cocoa Farmer Kwame Alex, National Best Most Promising Young Cocoa Farmer Solomon Tohola, National Best Most Enterprising Cocoa Farmer Yaa Ajele, National Best Coffee Farmer Victor Benefo, and National Best Sheanut Picker Winifred Batabana.
He pointed out that the government was enticing farmers to remain in the cocoa industry and make investments in sustainable farming methods by providing more favourable and lucrative prices and regulations.
The Ministry of Food and Agriculture (MoFA) organised the Farmers’ Day event, which has as its theme “Building Climate Resilient Agriculture for Sustainable Food and Security.”
Bryan Acheampong, the sector minister, and Madam Hawa Koomson, the minister of fisheries and aquaculture development, both spoke about the government’s initiatives to combat hunger and provide food security.
