The Ghana Cocoa Board (COCOBOD) has advised the public to ensure that discussion on the cocoa sector and in particular, the producer price paid to cocoa farmers for their produce, was guided by facts and not sentiments. In a response to recent comments on the producer price of cocoa by Citizens Watch, a think tank, […]
Ghana and Côte d’Ivoire have established a new pricing mechanism for trade in cocoa beans. A $400 per tonne living income differential has been instituted to guarantee the floor price. This system takes into account a fixed income differential that will provide farmers with a decent income. The two countries, which are the world’s top […]
Ghana and Cote d’Ivoire have suspended the sale of cocoa beans to the open market under the 2020/2021 crop season until further notice. The move, which is the first of its kind by the two countries, is meant to put pressure on stakeholders to adopt a floor price for cocoa beans. The suspension was announced […]
