President Akufo Addo has announced a new cocoa producer price for the 2020/2021 cocoa season.
The Price of Cocoa has been increased from Ghc514 per bag to GHS660.
President Nana Akuffo-Addo announced this at Sefwi Wiawso in the Regional Capital Western North Regional during the launching of the National Cocoa Rehabilitation Programme.
“Cocoa producer price as announced at the beginning of each year in this case next week 1st October 2020. I will like to take advantage of this historic event at the launch of the National Cocoa Rehabilitation program to announce a new cocoa price for our farmers for the coming 2020/2021 season. The current 2019/2020 producer price of Ghc8420 per metric tonnes ie Ghc514 per bag was an 8.2% increase over the 2018/2019 price of Ghc7615 that is Ghc475 per bag. Nananom, beginning on 1st October 2020 this year, I’m happy to announce the award of a new cocoa producer price of Ghc10,560 per metric tonnes which is Ghc660 per bag for the coming 2020/2021 cocoa season”. The President announced.
Cocoa Farmers gathered at the event could not hide their joy as they heap praises on the President.
Source: Mybrytfmonline/Obed Ansah
