Minister of Food and Agriculture, Dr. Bryan Acheampong, has announced a dramatic 129.36% increase in the producer price of cocoa for the upcoming 2024/2025 season, effective Wednesday, September 11, 2024.

The adjustment raises the price from GH¢20,928 per tonne at the beginning of the 2023/2024 season to GH¢48,000 per tonne. Correspondingly, the price per 64kg bag will increase from GH¢1,308 to GH¢3,000.

“The Producer Price Review Committee (PPRC) on cocoa agreed on Tuesday on the Producer Price of cocoa and other rates and fees for the 2024/2025 crop season.”

“We are pleased to announce that the producer price of cocoa for the 2024/25 season is GH¢48,000 per tonne or GH¢3,000 per 64kg bag. On an inter-season basis, it has been increased from GH¢20,928.00 per tonne or GH¢1,308.00 per 64kg bag at the opening of the 2023/24 season to GH¢48,000.00 per tonne or GH¢3,000.00 per 64kg bag.”

“This is an unprecedented increase of 129.36%,” he stated.