The Ghana Cocoa Board (COCOBOD) has disproved claims of a possible decrease in producer price of cocoa to farmers.
Ghana Cocoa Board (COCOBOD) says it is yet to come out with a decision, even though the review committee has met.
Last year, Government of Ghana maintained the producer price for the 2017/2018 crop season at 7,600 cedis per metric tonne. This translates into 475 cedis per bag of 64 kilograms.
Ken Ofori Atta, The Finance Minister has pointed out that government of Ghana is considering reviewing the producer price of cocoa downwards, following a considerable drop in the commodity’s price on the international market since November last year.
But Manager at the office of the Chief Executive of COCOBOD, Fiifi Boafo in an interview with media said the matter is not being considered at the moment.
“The Cocoa producer price review committee has met, a decision has been taken but until they come out to revise their decision, that is not a matter on the table for consideration now”.
the General Agricultural Workers Union (GAWU) has also cautioned government against taking a unilateral decision on the producer price of cocoa.
General Agricultural Workers Union says government of Ghana must follow due process if it wants to review the producer price of cocoa downwards.
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