COCOBOD Dismisses Reports of Cocoa Price Increase as False
Accra, Ghana – February 14, 2025
The Ghana Cocoa Board (COCOBOD) has refuted claims circulating on social media that the government has announced an increase in cocoa prices, calling the reports entirely false.
A social media flyer alleged that the Minister for Food and Agriculture, Eric Opoku, had declared that cocoa farmers would be paid 70% of the world market price. However, COCOBOD has dismissed this as misleading information and urged the public to rely on official communication channels for accurate updates.
“Our attention has been drawn to a false flyer claiming that the Minister for Food and Agriculture has announced an increase in cocoa prices. This information is completely untrue,” COCOBOD stated in a post on its official social media page.
The clarification comes as cocoa farmers and industry stakeholders closely monitor potential price adjustments amid global market fluctuations.
Cocoa Pricing: A Sensitive Issue
Cocoa pricing remains a contentious topic in Ghana, as the country faces challenges such as:
- Rising production costs
- Declining cocoa output
- Climate-related risks
- Global supply and demand uncertainties
While farmers continue to advocate for higher farm-gate prices to reflect increasing operational costs, COCOBOD insists that any official price changes will be communicated through the appropriate government channels.
