15th September 2024 8:55:13 AM
1 min readMinister for Food and Agriculture, Bryan Acheampong, has dismissed claims that the Ghana Cocoa Board (COCOBOD) lacks the financial capacity to buy cocoa beans from farmers.
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He firmly rejected the notion, stating that it is a misconception.
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Speaking at a press conference, the minister emphasized that COCOBOD remains financially capable of making cocoa purchases.
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His remarks came as he announced the new producer price for cocoa for the 2024/2025 season.
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The price has been raised from GH¢20,928 per tonne at the start of the 2023/2024 season to GH¢48,000 per tonne, or from GH¢1,308 per 64kg bag to GH¢3,000 per 64kg bag.
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The minister in his submission said “I am not too sure why you will say COCOBOD has no money. It is a wrong impression. It should never be put out there. COCOBOD is well positioned to buy cocoa beans from farmers and trade same."
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“Nowhere has the government reported or COCOBOD mentioned that it has no money to buy cocoa.”
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