Akufo-Addo announces 28 Percent Increase in Cocoa Producer Prices

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President Akufo-Addo has announced an increase in the Cocoa Producer price by 660 Ghana Cedis per bag for the coming 2020/21 crop year.

The increase, which represent about 28 percent increase of the outgoing price of 515 cedis for the 2019/2021 was announced at Sefwi Wiawso today.

Speaking at the launch of the Cocoa Rehabilitation Program, President Akufo-Addo said, “Nananom, beginning 1st October, 2020, I am happy to announce the award of a new Cocoa Producer price of GHc 10,560 per metric ton, equivalent to GHc 660 per bag for the coming 2020/21 crop year. This represents a hike of more than 28% over the price obtained in the outgoing crop year of 2019/2020.”

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