Cocoa producer price maintained amid industry challenges - Ranking member clarifies

The Ghana Cocoa Board (COCOBOD) has maintained the producer price of cocoa at GH₵3,100 per 64kg bag for the 2025/2026 season, despite neighbouring countries like Côte d'Ivoire increasing their prices.
The political class is divided over the issue, with the Member of Parliament (MP) for Tema Central constituency, Charles Forson, filing an urgent question on the floor of parliament asking Minister of Food & Agriculture Eric Opoku why the price of Coca-Cocoa in Ghana remained unchanged while Cote D’ivoire's had increased.
Ranking Member on Agriculture Committee, Vincent Oppong Asamoah expressed disappointment over the filed question noting that the minority’s stand on the development was mischievous.
According to him, COCOBOD's decision aimed to preserve stability and long-term sustainability within Ghana's cocoa sector, following a thorough assessment of operational and financial implications.
He said the cocoa industry in Ghana was facing challenges, including smuggling and price differences with neighbouring countries.
He said the new Chief Executive of COCOBOD was working to stabilise the industry, improve management and settle debts incurred by the previous government.
Source: classfmonline.com
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